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Conventional Loans In California

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Standard Lenders
Conventional Loans In California

Are you looking for conventional mortgages with favorable terms and conditions? Standard Lenders offers many types of Conventional Loans In California to satisfy different circumstances. Let us help you find the best loan option that is ideal for your needs.


A conventional mortgage is a home loan solution that is not guaranteed by the federal government. As a result, these loans have stricter qualification requirements than government-backed loans like VA or FHA loans. You can get conventional loans through private lenders like banks and mortgage companies.


Despite being harder to qualify for, conventional mortgages are the most common type of home loan offered by lenders. For those that qualify, these mortgages can offer many benefits over other types of home loans. Conventional mortgages are ideal for borrowers with a strong credit score and the ability to pay a larger down payment for the property.


Most conventional mortgages are conforming, which means they comply with the terms and conditions of Fannie Mae and Freddie Mac. The most important of these conditions is the maximum loan amount set by the government, which is $548,250 in 2021 for most of the US. Fannie Mae and Freddie Mac buy conforming loans from lenders and sell them to investors.


Non-conforming loans ⏤ also known as jumbo loans ⏤ are mortgages that exceed the funding limit set by the government. A $1-2 million mortgage in 2021 would be considered a non-conforming loan. Jumbo conventional loans are less standardized, so qualification largely depends on lender requirements. It’s important to shop around so you can find the best deal.


https://standardlenders.com/conventional-loans-in-california/


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