Conventional Loans — Resolution Equity
Conventional Loans
The most widely used home loan in America — flexible terms, competitive rates, and no upfront mortgage insurance with 20% down.
Key Benefits
- Down payments as low as 3%
- No upfront mortgage insurance premium
- PMI removable once equity reaches 20%
- Fixed and adjustable rate options
- Available for primary, secondary, and investment properties
- Loan limits up to conforming limits for California
- Competitive interest rates
- Streamlined approval process
About Conventional Loans
Conventional loans are mortgage loans that are not insured or guaranteed by the federal government. They conform to guidelines set by Fannie Mae and Freddie Mac and are available for primary residences, second homes, and investment properties. With strong credit and a solid down payment, conventional loans often offer the best long-term value.
Fixed vs. Adjustable Rate
Choose a fixed rate for payment stability, or an adjustable-rate mortgage (ARM) for a lower initial rate if you plan to sell or refinance within a few years.
Private Mortgage Insurance (PMI)
If your down payment is less than 20%, PMI is required. Unlike FHA loans, PMI on a conventional loan can be cancelled once you reach 20% equity — saving you money over time.
Conforming Loan Limits
California conforming loan limits are higher than the national baseline in many counties. For loan amounts above the conforming limit, we offer a variety of Jumbo loan products up to 10 million dollars.
Questions About Conventional Loans?
Our licensed team in Temecula is ready to walk you through your options and get you pre-qualified fast.