Conventional Loans

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Loans Offered

Interest Rate

Commercial Loans Please Call
Jumbo LoansPlease Call
30-Year Fixed Rate 2.5%
20-Year Fixed Rate 2.375%
15-Year Fixed Rate1.99%
10-Year Fixed Rate1.875%
7/1 ARM Rate2.5%
5/1 ARM Rate2.375%
30-Year FHA Rate2.5%

Conventional Loans in California

Conventional loans are one of the most common loans available within the mortgage industry. Conventional loans in CA come with a standard loan limit within the area you are searching in and oftentimes offer more advantages than an FHA loan. Unlike FHA loans which have to be used on the lender's primary residence, conventional loans can be used on secondary residences such as a rental or vacation home. 

Credit Score

To qualify for a conventional loan, you’ll typically need a credit score of at least 620

Debt/Income Ratio

Individuals who apply qualify based on if their DTI is 50% or lower

Down Payment

Minimum down payment of 3%, or 20% with no PMI

Appraisal

Property appraisal verifying the home's value and condition

BENEFITS YOU'LL LOVE

  • A conventional loan can be more flexible than a government-insured loan

  • As little as 3% down payment

  • Can be used for all types of properties

  • Minimum credit score of 620

  • Rates are typically lower than FHA loans

  • Maximum debt-to-income ratio between 43%-50%

Testimonials

We Have Helped Hundreds of Applicants Qualify for Conventional Loans

WHAT ARE THE TYPES OF CONVENTIONAL LOANS?

There are multiple different types of conventional home loans that Amerifund Corporation & Realty offers such as:

  • Conforming conventional loans
  • Non-conforming conventional loans also known as 'Jumbo Loans'
  • Fixed-rate conventional loans
  • Adjustable-rate conventional loans

REQUIREMENTS TO APPLY

  • Income is verifiable through pay stubs, federal tax returns and bank statements.

  • A debt-to-income ratio that is below 50%

  • 4 year waiting period after filing for bankruptcy or foreclosure.

  • FHA bankruptcy and foreclosure within 2 years.

Need More Information?

Contact Amerifund Corporation & Realty to learn more about Conventional Loans

WE'RE HERE FOR YOU

We take pride in providing you with excellent service and appreciate the opportunity to assist you with all your real estate and mortgage needs.

LICENSE 

NMLS# 399264
CalBRE# 01448128

CONTACT INFO

Orange County Office 
(714) 500-5001
info@amerifundcorporations.com

17155 Newhope St. Suite H
Fountain Valley, CA 92708