Conventional loans are a type of mortgage that is not backed by the government. They are typically offered by banks and credit unions, and they have different requirements than government-backed loans, such as FHA loans and VA loans.
To qualify for a conventional loan, you will typically need a good credit score, a steady income, and a down payment of at least 20%. You may also be required to pay for private mortgage insurance (PMI) if you have a down payment of less than 20%.