There are several great options for homeowners who were savvy enough to save sufficient funds for a 20% down payment or those looking to upgrade with enough equity in their existing home to use as a 20% down payment. Conventional home loans are designed for those able to put a substantial down payment into a home, and typically provide lower rates as they carry less risk in the eyes of the bank.
If you are looking for a home in San Diego, Chula Vista, Point Loma, Bonita or anywhere in California, San Diego Funding wants to be your guide through this confusing process. Conventional home loans traditionally do not require private mortgage insurance, saving you hundreds–even thousands–of dollars over the life of your loan.
Conventional home loans are easier to qualify for as you are proving you are able to make a significant investment in the home. There is a limit as to how much you can borrow for a conventional loan, in San Diego County you can get funding for up to $546,250. There are many homes within this price range in San Diego, so finding the perfect home and the perfect loan should be really easy.
Conventional home mortgages in San Diego typically come with a lower interest rate compared to other low down or no down payment loans and this is another big way to save money. We want to help you work through all of your questions and find the perfect loan and the perfect rate for you. Our company is known for the excellent customer service we provide, and have been recognized in local print and online for having an excellent reputation.
Fill out a quick online form today, or give us a call to get started. Our goal is to help our customers realize their dream of homeownership and making the process as quick and painless as possible.