Conventional Home Loans

Conventional Loans in San Diego

Conventional home loans are standard loans that typically fit the average buyer – so they’re also the most common. These mortgages generally conform to Fannie Mae and Freddie Mac guidelines, and they’re not guaranteed or insured by the government.

Conventional Loans 101

  • 01. Who It's For
  • 02. Benefits
  • 03. Eligibility

Is a Conventional Loan Right for Me?

A conventional home loan might be right for you if you’re looking for a mortgage with low fees – that’s not a government loan – and you meet the eligibility requirements.

Benefits of a Conventional Loan

Save Money

You don’t have to pay for mortgage insurance if you have a deposit of 20% or more.

Flexible Terms

Choose your loan terms to fit you: repay over 8 years or over 30.

Low Down Payment

You can take out a conventional loan with a down payment of just 3%.

Get Approved Quickly

These loans require less paperwork. They can usually be approved and funded quickly.

Conventional Loan Eligibility Requirements

  • A good credit score: typically 620 or higher
  • A deposit, which can be as little as 3%
  • A consistent and documented income
  • A low debt-to-income ratio

Conventional Home Loan FAQs

What Our Clients Say

Andreal & Tina C.

Craig was instrumental in me and my wife buying our first home together. He was able to get us a great rate, even with my low [credit] score, and we were able to move into our new home. We are very pleased with the service and professionalism Craig provided us and will continue to work with him for all of our housing finances in the future.

Heather & Teague G.

We highly recommend United Wholesale Funding. We are on our second home purchase with Craig. You lose sleep buying your first home and it’s comforting to know you have the right lender looking out for your best interests. Two years later, we are on our second home and, just like the first, best rate, no fees and thousands of dollars saved!

Michael H.

We are so glad we trusted Craig with our refinance. We were able to take cash out with absolutely no fees! In hindsight, we wished we would have used him for our purchase. Sure enough, we had a straightforward closing with no surprises and we are truly grateful for our friends referring Craig to us.

Begin Your Home Loan Journey Today

Ready to get started? Get a quick quote or contact Craig to ask questions and discuss your options.

Mortgage Under Management

1 1
2 2
3 3
4 4

Quick Quote Form

1 1
2 2
3 3
  • Date Format: MM slash DD slash YYYY