After FHA loans, these are the most popular loans. However, these loans require you to have a little higher FICO scores. Most of the times people think that these loans require 20% down payment. This NOT a true statement. Based on your FICO scores, you can pay as little as 3% down payment on conventional loans. Of course, if you pay under 20%, you WILL have to pay Private Mortgage Insurance (PMI). As everyone knows that in California property values are growing year after year, with these loans you will be able to get rid of the PMI only after only a few years.
Please call FAST Fund Mortgage Today to discuss if the Conventional loan is your choice. You call also fill up the short form provided here and we will be more than happy to assist you without any obligation.