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California Jumbo Mortgage Loan Rates

Conventional Mortgage Loans

What is a Conventional Mortgage Loan?

A “conventional mortgage” simply refers to any mortgage loan that is not insured or guaranteed by the federal government. Conventional mortgage loans can be both fixed mortgages or adjustable-rate mortgages. These types of loans may be conforming or non-conforming, with the former meeting the standards set forth by government-sponsored enterprises Fannie Mae and Freddie Mac.

Conventional Mortgage Loan Down Payment Requirements

  • 3% down payment for First Time Home Buyers.
  • 5% down payment for non-First Time Home Buyers.
  • 10% down payment on Second Homes.
  • 20% down payment on Investment Properties.
  • We offer these same low down payments on Condos.

What are the Requirements for getting a Conventional Mortgage Loan?

  • 620 minimum credit score.
  • Florida properties only on condos, single-family homes, and townhomes.
  • 4 year waiting period for prior short sales, and bankruptcies.
  • 50% maximum DTI.
  • Down payment can be gifted from a relative.

Why Should You Choose Us For Your Conventional Mortgage Loan?

Are You Concerned You May Not Qualify for a Conventional Mortgage Loan Because?

  • Debt to Income Ratio is too High.
  • Credit Scores are a little Too Low, not to worry we can do a Rapid Rescore.
  • Prior Foreclosures, Short Sales or Bankruptcies.
  • Prior Mortgage Late Payments.
  • Don’t have Enough Reserves.


Not to worry our Loan Officers overcome these problems all the time, We know the Florida Jumbo Mortgage Business and can Close Easy, Complex and Tough Deals.

We do this by utilizing our “Outside The Box Thinking” to get you pre-qualified for the maximum loan amount possible while keeping your down payment and closing costs as low as possible.

Don’t just take our word for it, check out our prior client reviews!

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