Do Good Mortgage compares conventional loan pricing across multiple lenders so you can see real options, not just one bank's offer.
Why Choose a Conventional Loan
- Flexible down payment: options below 20% are available for qualified buyers, with lower minimums for some first-time buyer programs.
- Removable mortgage insurance: private mortgage insurance (PMI) can be removed once you reach sufficient equity, unlike many FHA loans.
- Property types: primary residences, second homes and investment properties.
- Term choices: 30-year, 15-year and other fixed terms, plus adjustable-rate options.
Conforming vs. Jumbo
Conforming loans fall within the loan limits set each year by the Federal Housing Finance Agency. Loans above that limit are jumbo loans, which have their own guidelines. We will confirm the current limit for your county and help you decide whether a conforming loan with a larger down payment or a jumbo loan is the better route.
Lowering Your Cost
Your credit score, down payment, and property type all affect conventional pricing. Small changes, such as paying down a credit card before applying or adjusting your down payment, can sometimes improve your terms. We look for those opportunities and explain the trade-offs between points, lender credits and rate.
How Working With Do Good Mortgage Works
Do Good Mortgage is a mortgage broker based in NE Portland. Instead of offering a single bank's products, a broker can compare loan options from multiple wholesale lenders and help you choose the one that fits. You work with one point of contact from your first question through closing.
- Strategy call. We talk through your goals, timeline, income, and savings. No pressure, and no application required to ask questions.
- Review and pre-approval. With your permission we review credit, income and assets, then explain your options in plain language, including estimated payment and cash to close.
- Compare options. We shop lenders and loan programs and show you the trade-offs between rate, points, and lender credits.
- Underwriting to closing. We gather documents, coordinate with your agent, escrow and the lender, and keep you updated so there are no surprises.
After your loan closes, Do Good Mortgage makes a donation to a local nonprofit, part of our belief in mixing good business with good deeds.
Frequently Asked Questions
What credit score is needed for a conventional loan?
Minimums are set by the loan program and lender, and better scores generally receive better pricing. We will review your credit and explain your options.
Do I need 20% down?
No. Many conventional loans allow less than 20% down with private mortgage insurance. Putting 20% down avoids PMI.
How do I remove PMI?
PMI can typically be removed once your loan balance reaches a set percentage of the home's original value, either automatically or by request. We will explain the rules for your loan.
Conventional or FHA — which is better?
It depends on your credit, down payment and plans. We run both side by side so you can compare monthly payment and long-term cost.
Talk With Clint About Your Loan
Every situation is different, and the right loan depends on your income, credit, savings and goals. Call or text 503-505-9913, or book a free strategy call. Ready to start? Begin your application online.
Do Good Mortgage
5980 NE 37th Ave, Portland, OR 97211
Meetings by appointment · 503-505-9913
Clint Elliott, NMLS #239388 · Licensed in OR and WA