Conventional Loans

When you start your home search, you need as many home financing options as possible.

That’s why here at SHOP Home Mortgage we offer a variety of conventional loan products for Minneapolis St. Paul area residents.

Our most popular loans – whether you’re buying or refinancing – are our fixed-rate home loans.

We do offer a variety of other options, so contact us for more information.

Phone: 651-793-8900
Email: or use our online email form.
Chat: Click on the button below for live chat during our regular business hours or to leave a message.


Conventional Loan Products


Information Comments

Max Loan Size



Primary or Investment  


Check vendor daily  


10, 15, 20, 30, 40 yr fixed or 3/1, 5/1, 7/1 Libor ARM’s  

Loan to Value

Up to 95% Varies with product & FICO

Property Type

SFD, PUD, Condo, 2-4 units  

First Time Homebuyer

No restrictions  

Minimum Investment

5% down payment  

Income Limits


Secondary Financing

80% LTV: gift; 2nd mortgage; seller paid; sweat equity; approved DAP  


FICO score 680 or higher  


2 years or greater  

Education Requirements

Not required  

Cash Reserves




Mortgage Insurance

PMI LTV’s at or greater than 80%