Conventional Mortgage Loans in Maryland, Virginia & DC
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Last updated: August 2025
Welcome to TopOne Mortgage—your Rockville-based correspondent lender with in-house warehouse funding for lightning-fast closings. Our bilingual team proudly serves homeowners and investors across Maryland, Northern Virginia, and Washington, D.C. searching for flexible conforming home loan options.
What Makes a Loan “Conventional”?
A conventional loan is a flexible, widely available mortgage that meets Fannie Mae and Freddie Mac guidelines.
- Loan limits: Up to $806,500 for most one-unit homes in Maryland and Virginia
- Credit score: 620+ to qualify (best pricing at 740+)
- DTI: ≤ 45 % (up to 50 % with strong compensating factors)
- Down payment: 3 % – 20 %; PMI may drop at 80 % LTV
- Rate movement: Tracks the bond market—lock when the payment fits your budget
- Cost advantage: Lower long-term expense than FHA; no upfront MIP
- Above the limit? >$1.15 M enters jumbo territory
Why Choose a Conventional Loan from TopOne?
- Low Rates & Local Expertise: Conventional pricing paired with neighborhood-level guidance.
- County-Specific Tax Savings: Advice on local property-tax nuances and transfer/recordation costs.
- 3% Down Programs: First-time buyer options with cancellable PMI, when eligible.
- Fast Pre-Approvals: E-sign capability and same-day scenarios once documents are in.
- Single Point of Contact: One loan officer from application through funding.
- No Junk Fees: Transparent pricing with no padded or surprise add-ons.
- Annual Mortgage Check-Ups: Yearly reviews to spot MI-drop or refinance opportunities.
- 21–30-Day Closings: Tight timelines supported by in-house funding partners.