Conventional Loans — Options Home Loans LLC
Conventional Loans for Buyers with Strong Traditional Income
Purchase and refinance options with fixed and adjustable-rate programs. Ideal for W-2 borrowers and standard qualifying scenarios with solid credit and fully documented income.
- Fixed and adjustable-rate options
- Purchase and refinance programs
- Competitive rates for strong credit profiles
- Primary, second home, and investment property
- Conforming and jumbo loan amounts
Options Home Loans LLC offers conventional mortgage loans in California for W-2 borrowers with solid credit and documented income. We provide fixed and adjustable-rate programs for primary residences, second homes, and investment properties, with conforming loan limits and jumbo options available. NMLS #2221613.
What Is a Conventional Loan?
A conventional loan is a mortgage not backed by a government agency such as FHA, VA, or USDA. Conventional loans follow guidelines set by Fannie Mae and Freddie Mac and are available for primary residences, second homes, and investment properties. They are typically the most straightforward option for borrowers with strong W-2 income, solid credit history, and standard documentation.
Fixed vs. Adjustable-Rate Programs
Conventional loans are available with fixed interest rates — where your rate and payment remain the same for the life of the loan — or adjustable-rate programs (ARMs) that offer a lower initial rate for a set period before adjusting. The right choice depends on how long you plan to hold the property and your overall financial strategy.
Conforming and Jumbo Loan Amounts
Conventional loans that fall within Fannie Mae and Freddie Mac loan limits are called conforming loans. Loans above those limits are called jumbo loans and typically require stronger credit and larger down payments. Options Home Loans LLC works with both conforming and jumbo conventional loan scenarios.
Down Payment Requirements
Conventional loans can require as little as 3% down for qualifying first-time buyers, though 5–20% is more common. Putting 20% or more down eliminates the requirement for private mortgage insurance (PMI), which reduces your monthly payment.
You May Qualify If…
Live Pricing
Today's Real-Time Rates
See live rate options for your loan scenario. Rates update in real time and vary based on credit, loan amount, and property type.
Rates shown are for illustrative purposes and subject to change. Contact us for a personalized rate quote. NMLS #2221613.
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