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Conventional 30-Year Fixed
The standard fixed conventional loan for a primary residence or second home.
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Conventional loans. Fannie Mae and Freddie Mac.
A conventional loan is the Fannie Mae or Freddie Mac file for a primary residence or a second home. It is also the usual refinance when the loan you already have is conventional. Jumbo is the same conversation once the price is above the county conforming limit.
Elite Fundings brokers that file. This page does not quote a rate and it does not approve the loan.
A first home that needs FHA or assistance uses the first-time door. A rental that qualifies on rent uses the investor door. A written-down tax return uses the self-employed door.
Programs that match this borrower
Vismar Corporation dba Elite Fundings, NMLS #2046870. A program link explains the loan. It is not a rate quote and not a pre-approval.
Reviewed on the file
Conventional 15-Year Fixed
The same conventional underwrite on a shorter term.
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Reviewed on the file
Conventional ARM (5/6, 7/6, 10/6)
For a shorter time in the home. The adjustment is confirmed on the file, not on this page.
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Reviewed on the file
Prime Jumbo
When the price is above the conforming limit for that California county.
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Questions from this borrower
Is a conventional loan only for a first home?
No. Repeat buyers and refinances use it. A first home that needs FHA or a California assistance layer starts on the first-time door.
Can I refinance a conventional loan here?
Yes. Rate-and-term and the refinance guide are the path. This page does not quote the rate.
Do you publish a down-payment figure here?
No. It depends on the program and the file. A number on this page would be a guess.