Conventional Loans — Peyton & Falcon, CO
Conventional loans offer Falcon and Peyton buyers competitive rates, flexible terms, and conforming limits up to $816,500 in El Paso County. With as little as 3% down, conventional financing is a strong choice for buyers with good credit.
Get a Rate Quote
Conventional loans are the most versatile mortgage option available to Falcon and Peyton buyers. Backed by Fannie Mae and Freddie Mac rather than the federal government, conventional financing offers a wide range of term options—15-year, 20-year, and 30-year fixed, plus adjustable-rate options—to match your financial strategy.
With the 2025 El Paso County conforming limit at $816,500, conventional loans cover virtually every home in the Falcon and Peyton area. Buyers with 20% down avoid private mortgage insurance entirely, while those with 5–19% down pay PMI that automatically drops off at 22% equity—a significant advantage over FHA's lifetime mortgage insurance on most loan terms.
For buyers purchasing new construction in communities like Meridian Ranch or Indigo Ranch, conventional loans often close faster than government-backed options since there are fewer appraisal requirements specific to property condition. Many builders offer preferred lender incentives, but you're free to use any lender—and we frequently match or beat builder-affiliate rates.
As Low as 3% Down
First-time buyers may qualify for 3% down conventional programs
No Upfront MI Fee
Unlike FHA, there is no upfront mortgage insurance premium
PMI Drops Off
PMI automatically cancels at 22% equity or by request at 20%
$816,500 Limit
El Paso County conforming limit covers nearly all local homes
Calculate your estimated monthly mortgage payment including taxes and insurance
The 2025 conforming loan limit is $816,500 for a single-family home, covering the vast majority of properties in Falcon and Peyton.
Yes. With 20% or more down, you avoid PMI entirely. It also automatically cancels once you reach 22% equity.
Connect with Emmett directly. Quick response, personalized guidance for your Peyton/Falcon home purchase.