Do I Qualify?
About Us
Company Bios
Conventional Lending
FHA & VA Loans
Reverse Mortgages
Commercial Loans
Educational Material
Contact Us

Pacific Home Lending          
©All rights reserved.         




Conventional Lending


A conventional loan is the most common type of mortgage.  Basically a conventional mortgage is a non-government loan.  Conventional loans are broken down into two categories:

Conforming loans – Loans up to $729,750«

Nonconforming or Jumbo loans – Loans over $729,750 Jumbo loans usually have interest rates about 3/8 to 3/4% higher than conforming loans.  Most rates quoted in the newspapers are conforming loan rates and should only be used as a guide.

Conventional loans can be fixed, adjustable or combination loans which are fixed for a period of years (3,5,7 or 10)and then change.  The important thing is to find out which is best for you.  Contact us and let us help direct you.

« Congress has only approved the conforming loan amount of $729,750 until the end of the year.  There are no rumors as to what will happen in 2009.

If you want to find out the amount for which you qualify or for current interest rates go to “Do I Qualify”.