Conventional Loans - clear, competitive, flexible
Ideal for well-qualified borrowers who want low rates and multiple term options.
What is a conventional loan?
Conventional loans are the most common mortgage type in California. They are not government-insured, which can mean lower overall costs for strong borrowers. They work for primary residences, second homes, and investment properties, with fixed-rate and adjustable-rate terms.
CONSIDERATIONS
Stronger credit and lower debts generally required vs FHA
Mortgage insurance if under 20% down (until sufficient equity)
Appraisal/condition requirements can be stricter than some non-QM programs
BASIC ELIGIBILITY
- On-time credit history and acceptable credit profile
- Verifiable income and employment (W-2 or documented self-employed)
- Debt-to-income ratio within program guidelines
- Verified down payment and any required reserves
PROS
Competitive rates with 30/20/15-year options
As little as 3–5% down for qualified buyers
No upfront mortgage insurance premium
Mortgage insurance (if required) can be canceled with equity
Works for condos, townhomes, 1–4 unit properties (guidelines apply)
RATES & COSTS
Your rate depends on credit, down payment, property type, loan amount, and lock period. We’ll quote side-by-side options with total costs and break-even points.
CALIFORNIA NOTES
Conforming and high-balance limits vary by county in CA
Condos may require project review, reserves, and proper insurance
Wildfire/high-risk areas can impact homeowner’s insurance and timing
Frequently Asked Questions
Many buyers can qualify with 3–5% down; 20% removes monthly MI.
Yes, when you meet equity requirements and investor rules.
Purchases commonly close in 21–30 days with complete documents.