Down Payment

Fixed Rate

Mortgage Insurance

Minimum Credit Score: 620

Best for people with excellent credit.

Robert J Dylina California Conventional Home Loan

Conventional Home Loans

Pros and Cons


Conventional loans carry private mortgage insurance that can often be less than government insured mortgage insurance like FHA if your scores are above average. In addition the mortgage insurance is automatically removed when your loan balance gets down to 78% of your original purchase price.

  • 3% downpayment for First Time Homebuyers
  • 5% downpayment for repeat home buyers
  • No mortgage insurance if 20% down!


Conventional loans often carry higher rates than government insured loans like FHA, USDA, and VA. However this drawback is often offset by the cancelling of the mortgage insurance eventually, whereas FHA and USDA mortgage insurance lasts the life of the loan.

  • Higher rates and payments for low FICO buyers.

The Bottom Line

If you have above average to excellent credit or you want to purchase an investment property then a conventional loan may be the best option for you. Get ready to start realizing the benefits of home ownership

Ready to Apply for a Conventional Loan?