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Conventional Loans

What is a Conventional Mortgage?

Conventional mortgages are the most common types of loans, falling below the general secondary market loan limits of $729,750. Maximum loan limits vary by county, so our loan professionals will inform you accordingly. Pricing increases above $417,000, but the rates are extremely attractive when compared to traditional Jumbo products. Conventional mortgage loans include fixed and adjustable rate mortgages (ARMs), as well as first-time home buyer products. Most require a 3% down payment, but sellers and family members can help minimize down payment and closing costs requirements by up to 6% of your purchase price! If your down payment is less than 20%, all programs require private mortgage insurance or Lender Paid Mortgage Insurance. We will be happy to show you which option is best for your situation.

We Offer Numerous Conventional Loan Program Options, including:
Fixed and adjustable rate conventional mortgages up to 729, 750.
1st-Time buyers options to 97% LTV: FHA, CalStrs, and VA programs.
100% financing available for Veterans.
Jumbo products to 5,000,000.
Construction, second trust deed, small commercial, and private money.
Reverse Annuity Mortgages for borrowers 62 years of age and older.

Where do I Start?
The best thing to do is contact RWM for a no-obligation free consultation with one of our loan professionals. We will discuss your specific needs and goals, and then will inform you about what loan options might work best. We are happy to issue you a pre-approval if you are interested in purchasing a home and can refer you to an experienced Real Estate Professional in your area if you are not currently working with anyone. To schedule an appointment, please call 800.865.6266 for immediate assistance.


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