Conventional Loans


A Conventional Loan is a home loan that is not insured or guaranteed by any government agency such as FHA, VA or USDA. The majority of Conventional Loans are guaranteed through Fannie Mae and Freddie Mac. It is typically fixed in its terms and rate, but is also available in an adjustable arm.

Conventional Loans are typically a better loan for borrowers with high end credit scores. The reason for this is the monthly mortgage insurance rates are lower and can be removed once you achieve 22% equity in the property. The mortgage insurance will automatically drop off usually in 10-11 years. FHA monthly mortgage insurance stays on your loan for life. Another benefit of a Conventional Loan is there’s no Upfront Mortgage Insurance Premium that gets added to your loan like FHA, VA, and USDA government loans have.

Conventional loan types include:

  • Fixed Rate Loans 30, 20 or 15 Years
  • Adjusted Rate Mortgages 5, 7, and 10 year (ARM)
  • Maximum Loan Amount is $647,200.00 for single family residence
  • Minimum 3% Down Payment with Mortgage Insurance
  • Minimum 20% Down Payment with no Mortgage Insurance

Please contact me for a free, no obligation consultation. APPLY NOW for your free pre-approval.

Even though I mainly do Conventional Home Loans in Fresno CA, Clovis CA, Madera CA, and Sanger CA, I’m able to serve the entire state of California.