Conventional Loans
Conventional loans are the most common type of mortgage in the U.S. — not backed by a government agency, but by private lenders and investors. For borrowers with solid credit and stable income, conventional financing often delivers the lowest overall cost thanks to competitive rates and cancellable mortgage insurance.
Who It’s For
- Buyers with good to excellent credit
- Borrowers who can put 5–20% down
- Homeowners refinancing to drop mortgage insurance or lower their rate
Key Features
- Down payments starting at 3% for qualified first-time buyers
- Private mortgage insurance (PMI) that drops off once you reach 20% equity
- Fixed-rate and adjustable-rate options (15, 20, and 30-year terms)
- Available for primary homes, second homes, and investment properties
- Higher loan limits available with conforming and high-balance options
Because I’m a broker — not a bank — I shop multiple wholesale lenders to find the conventional loan with the best rate and lowest fees for your profile.
Ask about lowering your first years’ payments — see our Buydown Options →
Program Flyers
Latest Conventional Loan Insights
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How Does GSFA Help Veterans and First-Time Buyers with Home Down Payments and Closing Costs?
Buying a home in California can be tough, especially for veterans and first-time buyers. Home prices are high, and saving for a down payment plus closing costs seems like a big task. That’s where programs like the Golden State Finance Authority (GSFA) come in handy, offering help with home buying costs. Let’s explore how GSFA…