Conventional Home Loans: Affordable, Flexible, and Accessible
Competitive Interest Rates for Borrowers with Strong Credit
The Right Choice for Traditional Homebuyers
Conventional loans are one of the most popular mortgage options available today, offering competitive rates and flexible terms for borrowers with stable income and good credit. At Lender Capital Group, we provide customized conventional loan solutions designed to meet your unique financial needs. Whether you’re purchasing your first home, upgrading to a larger property, or refinancing your current mortgage, our conventional loan programs offer affordability and flexibility.
Unlike government-backed loans (like FHA or VA loans), conventional loans are not insured by any federal agency. As a result, they typically have stricter qualification requirements, but they offer more options in terms of loan amounts, interest rates, and repayment terms. Our team at Lender Capital Group will work with you to secure the best possible terms based on your credit profile and financial goals.
Service List
- Hard Money Loans
- Multifamily Property Loans
- FHA Loans
- Hospitality Industry Financing
- Office Building Mortgages
- Bridge Loans
- Industrial Property Loans
- Jumbo Loans
- VA Loans
- Commercial Real Estate Loans
- Construction Loans
- Special Purpose Property Loans
- Conventional Loans
- Residential Mortgage Loans
- Retail Property Loans
- HELOC
- Industrial Property Financing
Why Choose a Conventional Loan?
No Upfront Mortgage Insurance
Unlike FHA loans, conventional loans do not require an upfront mortgage insurance premium. For borrowers who put down at least 20%, private mortgage insurance (PMI) can be avoided entirely.
High Loan Limits
With conventional loans, you can borrow up to $726,200 in most areas of California and even more in high-cost regions like San Francisco. This makes them ideal for buyers looking to finance homes in more expensive markets.
Competitive Interest Rates
Conventional loans often come with lower interest rates compared to government-backed loans, especially for borrowers with higher credit scores. This makes them an attractive option for those who qualify, potentially saving you thousands of dollars over the life of your loan.
Flexible Loan Terms
Conventional loans offer flexibility in choosing your loan term. Whether you prefer a 30-year fixed-rate mortgage for lower monthly payments or a 15-year mortgage to pay off your home sooner, we have options to suit your needs.
Investment and Vacation Homes
Conventional loans can be used not only for primary residences but also for second homes, vacation properties, and investment properties, offering greater flexibility in real estate investment opportunities.
Conventional Loan Qualifications
Conventional loans have more stringent qualification requirements than government-backed loans. Here are some of the typical criteria for qualifying:
Debt-to-Income Ratio
Your debt-to-income (DTI) ratio is a key factor in determining your eligibility. Most lenders prefer a DTI of 45% or lower, meaning your monthly debt payments (including the new mortgage) should not exceed 45% of your gross monthly income.
Credit Score
Most lenders require a credit score of at least 620 for a conventional loan, although higher scores can qualify you for better interest rates.
Down Payment
While many people assume conventional loans require a 20% down payment, you can actually put down as little as 3% for qualified borrowers. However, if you put down less than 20%, you may be required to pay private mortgage insurance (PMI).
Benefits of a Conventional Loan with Lender Capital Group
- Low Down Payment Options: With down payments as low as 3%, conventional loans are accessible to more borrowers, making it easier to purchase a home without needing a large upfront investment.
- No Private Mortgage Insurance with 20% Down: One of the biggest advantages of a conventional loan is that, if you put down 20% or more, you can avoid PMI, reducing your overall monthly payments.
- Variety of Loan Terms: At Lender Capital Group, we offer conventional loans with terms ranging from 10 to 30 years. Whether you’re looking for a fixed-rate mortgage or an adjustable-rate mortgage (ARM), we can help you find the perfect fit.
- Refinancing Flexibility: Conventional loans are a great option for refinancing. Whether you're looking to lower your interest rate, switch from an adjustable-rate to a fixed-rate mortgage, or access your home's equity, we have refinancing options to meet your needs.
Contact Us Now
Ready to learn more about how Lender Capital Group can help you achieve your real estate goals? Contact us today to schedule a consultation with one of our experienced mortgage professionals.
Address
San Francisco Bay Area, California
Phone
(925) 856-5646
Work Hours
Mon – Fri : 06:00 AM – 09:00 PM