Conventional loans offer the most flexibility — lower rates for strong credit, no upfront mortgage insurance fee, PMI that can be removed, and loan amounts up to $766,550 in San Diego County.
Conventional Loan at a Glance
LOAN OPTIONS
Choose the loan structure that fits your timeline, budget, and long-term financial goals.
The most popular mortgage in America. Predictable payments over 30 years with the lowest monthly payment of any fixed option.
Pay off your home in half the time and save tens of thousands in interest. Higher monthly payment, but dramatically less total cost.
Lower initial rate for the first 5, 7, or 10 years. Ideal if you plan to sell or refinance before the rate adjusts.
ADVANTAGES
For borrowers with good credit and stable income, conventional loans often offer the best long-term value.
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Unlike FHA loans, conventional loans have no upfront mortgage insurance premium — saving you 1.75% of the loan amount at closing. On a $500,000 loan that's $8,750 saved.
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Once you reach 20% equity, you can request PMI cancellation. By law, lenders must automatically cancel PMI when you reach 22% equity. FHA MIP with less than 10% down lasts for the life of the loan.
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Conventional loans reward strong credit. A 760+ score can get you a rate 0.5–1% lower than a 620 score — saving you hundreds per month on a $500K loan.
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Conventional loans can be used for second homes and investment properties — something FHA and VA loans don't allow. Great for building a real estate portfolio.
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Conforming limit in San Diego is $766,550. Need more? Jumbo conventional loans are available above that limit — still with competitive rates for strong borrowers.
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Choose from 10, 15, 20, or 30-year fixed terms, or a 5/1, 7/1, or 10/1 ARM. Tailor your loan to your exact timeline and financial goals.
3%
Minimum Down Payment
620+
Minimum Credit Score
$766K
Conforming Limit SD
24hr
Pre-Approval Time
FAQ
Fill out the form and our loan specialist will reach out within 24 hours to compare conventional options and find your best rate.