What is a Conventional loan?  

Conventional loans allow a low debt-to-income (DTI) ratio and ask for a down payment of 3% of the total cost of the home with a minimum credit score of 680 or above. Borrowers who can give a down payment of 20% of the total cost of the home avoid paying for private mortgage insurance (PMI).


What are the benefits?

A conventional loan is a safe, transparent loan backed up by  Freddie Mac and Fannie Mae. A conventional loan allows borrowers to save more money over the life of the loan.  Conventional loans come with competitive interest rates, that tend to reward higher credit scores with lower interest rates.

Where do I start?

Contact us today to complete a home loan approval questionnaire. The Vallejo Team will support and educate you every step of the process.