Fixed Rate & Adjustable Rate

California Conventional Home Loans

A Conventional Loan is a home loan insured by either Fannie Mae or Freddie Mac.  They are used for the purchase of primary, secondary and investment properties and have more restrictive credit guidelines.

BENEFITS - Conventional Loans

  • Freddie Mac and Fannie Mae Insured
  • Primary, Second or Investment Property
  • Single and Multi Family, Condo’s & Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates and Better Terms
  • 97% Loan to Value – Conforming
  • 90% Loan to Value – High Balance
  • 80% Loan to Value – Jumbo

California Conventional loans are offered both as fixed rate and adjustable rate loans, although fixed rate loans account for the majority of home financing.   The loans are available in a variety of terms from 10 to 30 years. This loan type offers a consistent or “fixed” payment throughout the life of the loan. Standard fixed rate terms: 10, 15, 20, 25 or 30 years. By choosing a shorter fixed rate option, you can realize a substantial savings in interest over the life of the loan.

California Conventional Loan Limits – The maximum loan amount allowed for a Conventional Conforming Loan is $453,100 for 2018. However, in high cost areas, there are Conventional Super Conforming Limits currently up to $729,750. To check loan limits in your area, please give us a call and one of our licensed loan officers will be happy to assist you.

Are you a US Veteran?  A California VA Loan might be your best loan option.

Are you a 1st Time Home Buyer?  A California FHA home loan might be your best loan option.

Are you Looking to Purchase a Rural Property? California USDA home loan might be your best loan option.

View all California new home purchase loan options.

Conventional Home Loans

Have Questions? Speak with a California Home Loan Specialist!

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