Conventional Loans

Overview

Conventional loans are not insured by any government program and are the most common type of mortgage in California. Conforming conventional loans follow the loan amount guidelines set by Fannie Mae and Freddie Mac. Nonconforming loans, on the other hand, don’t meet those guidelines, but they are still considered conventional. Conventional loans often have higher down payment requirements than government-sponsored loans like FHA loans and USDA RD loans.

Benefits

  • Competitive interest rates and lower fees
  • Down payments as low as 3%
  • Borrow up to 97% of home’s value
  • Available for primary residences, second homes and rental properties

If you're interested in buying a home in California, Mann Mortgage can help you make it happen. Please contact us today or apply online in less than 10 minutes using the secure online application below.


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