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San Jose, CA 95121

Conventional Loan

Traditional Financing Made Easy

Conventional Loans are a favored home loan solution for a clear reason. If you possess a strong credit score and desire lower monthly payments paired with the stability of a fixed interest rate, then choosing a Conventional Loan could be a sound financial decision on your path to homeownership.

Empowering you to buy the home you deserve

It only takes 3-minutes to explore your options, and it won’t affect your credit score — no commitment required.

Today's Mortgage Rates

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Conventional Loan Requirements

Minimum 620 Credit Score

Most lenders require a minimum credit score of 620 for conventional loans.

3% - 20% Down Payment

Conventional loans typically require a down payment between 3% and 20%.

2% – 5% In Closing Costs

You’ll need 2% – 5% of the total purchase price to cover closing costs.

Debt-To-Income Ratio ≤ 50%

You’ll need a debt-to-income ratio (DTI) of no more than 50%.

Conventional Loan Benefits

Various down payment options available

Allowing borrowers to customize their payments based on their financial situation.

Competitive interest rates

Helping borrowers secure favorable terms and potentially save money over the life of the loan.

Flexible terms to suit your financial goals

Offering a range of options to align with your long-term plans and budget.

No upfront mortgage insurance for 20% down payments or more

Enabling borrowers to avoid the additional cost and potentially save on upfront expenses.

Conventional Loan Loan Options

Conventional 15-Year Fixed

The conventional 15-year fixed mortgage presents the security of a locked-in, comparatively lower monthly payment for its shorter term.

Conventional 25-Year Fixed

The conventional 25-year fixed mortgage provides the calmness of a guaranteed, relatively lower monthly payment over its span.

Conventional 30-Year Fixed

The conventional 30-year fixed mortgage provides the reassurance of a stable, reduced monthly mortgage payment.

See what's possible

Use our calculators to see what homeownership could look like for you.

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DAILY REFINANCE MORTGAGE RATES (September 18, 2024)

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LOAN OPTIONS

30-Year Fixed

25-Year-Fixed

15-Year-Fixed

Adjustable Rate Mortgage

Conventional

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3005 Silver Creek Rd STE 210-214, San Jose, CA 95121

(408) 532-1278

mortgage@pacificwide.com

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