Conventional Loan




  • You don’t need mortgage insurance if your down payment is greater than 20 percent loan-to-value.
  • Generally offers a lower interest rate if you meet the requirements.

General Loan Requirements

Your Down Payment
3% of the selling price

Terms Available
15, 20, 25, 30, 40 years
(fixed rates and adjustable rates avail.)

Minimum Credit Score

Mortgage Insurance
Not needed if under 80% loan-to-value

Maximum Loan Limit
SLO County $484,350