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Conventional Loans

A conventional loan is not formally backed by any government entity such as FHA or VA. Rather, a conventional loan follows guidelines set by Fannie Mae and Freddie Mac, the two agencies that help standardize mortgage lending in the U.S.

The better your credit score and the larger your down payment, the lower your interest rate will typically be with a conventional loan. It is a common misconception that conventional loans require a minimum 20% down payment, but the truth is that conventional loans are available with as little as 3% down. With this being said, a conventional loan with less than a 20% down payment will require mortgage insurance (PMI).


Working with Solcosta Home Loans

  • Since we are a mortgage broker and not a bank, we have the ability to shop multiple lenders to get you the best deal possible.
  • We offer a wide variety of loan products, and we can help you find the loan that is right for you!
  • We are fast and efficient and have the ability to close most of our loans in 18 days or less.
  • We are locally owned and operated in Northern California. That means when you call or email us, you will be speaking with us directly.
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