12+ Loan Programs Tailored to Your Needs
Conventional Loans
Great rates and flexible terms with as little as 3-5% down
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
Conventional Loans Overview
Conventional loans offer competitive rates and flexible terms for borrowers with good credit. With down payments as low as 3%, these loans are popular among first-time and repeat buyers alike.
Key Program Details
Min Down Payment
3-5%
Min Credit Score
600+
Loan Limit
Up to $1,249,125 (Bay Area)
PMI/MIP Rules
Required if down payment < 20%
Advantages
- Competitive interest rates
- Flexible down payment options
- PMI can be removed at 20% equity
- Available for primary, secondary, and investment properties
- No upfront mortgage insurance premium
Considerations
- Higher credit score requirements
- Stricter debt-to-income ratios
- PMI required for low down payments
Who This Loan Is Best For
Borrowers with good credit (600+)
First-time and repeat homebuyers
Those seeking competitive rates
Buyers with stable employment
Borrowers who can afford 3-20% down
Quick Scenario Example
$850K purchase → $170K down (20%) → $3,914/mo P&I
$850K purchase
$170K down (20%)
$3,914/mo P&I
$850,000
Home Price
$170,000
Down Payment
$3,914
Monthly Payment (P&I)
5.625%
Interest Rate
Ready to Apply for Conventional Loan?
Let's discuss your options and get you pre-approved today.
What You Get:
Same-day pre-approval
Competitive rates
Local expertise
Fast closing
Personalized service