CONVENTIONAL LOAN
Conventional loans are often the best option for borrowers with strong credit who can contribute a down payment of 3% to 20%, depending on the loan terms.
A conventional mortgage is not backed by a government agency, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). Conventional mortgages often meet the income and down payment requirements set by Freddie Mac and Fannie Mae. These loans also conform to the loan limits set by the Federal Housing Finance Administration (FHFA).
Generally, conventional mortgage borrowers will require a minimum credit score of 620 to qualify. A credit score of 740 or higher will often garner the best rate available. This loan product often only requires a minimum of 3% down, although putting a higher percentage down will often help secure a lower rate.
THE REWARDS OF CONVENTIONAL QUALIFYING
- Available for properties commonly restricted by government loan
- Option to eliminate mortgage insurance
- A range of down payment options
- Advantages for higher down payments and no mortgage insurance
Our Mission
Empower clients with financial tools and personalized guidance to achieve their homeownership dreams with confidence and convenience.
Our Values
Integrity, transparency, and a customer-centric approach guide our every interaction, fostering trust and lasting relationships with our clients.
Our Vision
To be the top choice for individuals seeking trusted, innovative mortgage solutions in California, setting new benchmarks for excellence in the industry.