Conventional Home Loans
Conventional loans are a go-to option for many buyers in California and Georgia, especially those with stronger credit profiles and some savings for a down payment.
This page explains how Conventional mortgages work and how they compare to FHA and VA options on the Home Purchase Loans and Loan Comparison Guide pages.
What Is a Conventional Loan?
A Conventional loan is any mortgage that is not backed by the FHA, VA, or USDA. Many are “conforming” loans that follow Fannie Mae and Freddie Mac guidelines.
- Down payments can be as low as 3% for eligible buyers
- Private mortgage insurance (PMI) can be removed once you reach enough equity
- Strong option for buyers with higher credit scores
Who Is a Conventional Loan Best For?
Conventional may be a great fit if you:
- Have a solid credit profile
- Can bring at least 3–5% down (or more)
- Prefer the ability to remove PMI over time
- Are buying a primary residence, second home, or certain investment properties
Conventional vs. FHA vs. VA
Conventional loans can be more cost-effective long term than:
- FHA Loans – which have upfront and monthly mortgage insurance that may last longer.
- VA Home Loans – which are generally best reserved for eligible buyers with VA benefits.
For a detailed breakdown, visit the Loan Comparison Guide.
Conventional Loans in California & Georgia
As a broker in California and Georgia, Conventional loans are very common in:
- California: Oceanside, North County San Diego, and move-up buyers in the Inland Empire
- Georgia: Metro Atlanta buyers purchasing in established neighborhoods and suburbs
Next Steps: See If Conventional Is Your Best Fit
We’ll compare your payment, costs, and long-term plan across Conventional, FHA, VA, and other options to find your best match.