Loan Programs

Conventional Mortgage Loans

Is a Conventional Mortgage Right for You?

A conventional mortgage is one of the most widely used home financing options and may work well for many California homebuyers and homeowners.

Unlike FHA, VA, and other government-backed programs, conventional loans are generally not insured or guaranteed by a federal government agency.

Depending on the program and transaction, conventional financing may be available for:

Primary residences
Second homes
Investment properties
Home purchases
Certain refinance transactions

Matt Roth helps borrowers throughout California, including San Diego County, La Mesa, Los Angeles, Orange County, and the Coachella Valley, compare conventional financing with other available mortgage options.

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Modern white family home eligible for conventional mortgage financing in California.

How Conventional Mortgage Qualification Works

Conventional mortgage approval is based on the borrower’s overall financial profile rather than any single qualification number.

Depending on the loan program, a lender may review factors such as:

Income and employment
Credit history
Existing monthly obligations
Assets and available funds
Property value
Loan amount
Occupancy
Loan purpose
Other applicable underwriting requirements

Some conventional programs may also include mortgage insurance depending on the structure of the loan and amount of equity or down payment.

Because guidelines can vary, it is better to review the complete financial picture rather than rely on a specific advertised credit score or down-payment percentage.

Matt can help you understand which conventional options may fit your circumstances.

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Flexible Financing for California Homebuyers

Conventional loans can provide flexibility for borrowers with different property types, financial profiles, and long-term goals.

When comparing conventional financing, it can be helpful to consider:

Fixed-rate versus adjustable-rate options where available
Monthly payment goals
Available cash for closing
Mortgage insurance considerations
Property type and occupancy
Long-term ownership plans
Refinance opportunities when appropriate

As a California Mortgage Loan Broker, California Real Estate Broker, and Rocket Pro Partner, Matt Roth brings mortgage expertise together with nearly three decades of California real estate experience.

He has been a California Real Estate Broker since 1997, which gives him a broader understanding of how financing fits into the overall real estate transaction. Pasted markdown

Whether you are purchasing in San Diego County, La Mesa, Los Angeles, Orange County, the Coachella Valley, or elsewhere in California, Matt can help you evaluate conventional mortgage options based on your goals.

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Check out what your monthly payment could be by using our Conventional Mortgage Calculator…

Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!

Loan Type

Purchase Loan
Interest Rate Reduction Refinance
Cash Out Refinance

Current Mortgage Balance

$50,000 $2 Million

Cash Out

$0 $1 Million

Purchase Price Home Value

$50,000 $2 Million

Down Payment

0% 80%

Loan Term

10 year fixed 15 year fixed 20 year fixed 30 year fixed

Interest Rate

0% 20%

Credit Score

Excellent 720+ Good 680 - 719 Fair 640 - 679 Poor below 640

Advanced (optional)

Include PMI?

Include Taxes & Insurance?

Annual Property Tax

0% 5%

Annual Homeowners Insurance

0% 15%

HOA Dues

$ /month

Input Details

Principal & Interest (P&I)

PMI

Taxes & HOA

Homeowners Insurance

Loan Totals:

Purchase Price Home Value $

Down Payment $

Current Mortgage Balance $

Cash Out $

Total Loan Amount New Loan Amount $

Home Equity After Cash Out $

Estimated Taxes & Insurance Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.

PMI The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.

Save & Email Results

Calculated on November 12, 2026 using the Conventional Mortgage Calculator with PMI Adjustment (https://mattrothmortgage.com/loan-programs/conventional/).

Estimated Payment $ /mo

Loan amount

Down payment

Cash Out

Home Equity After Cashout

Interest rate

Loan term

Taxes & insurance included?

Property tax

Homeowner's insurance

Mortgage insurance

HOA dues

Payment Breakdown

Amortization

Principal vs. Interest

Amortization Schedule Breakdown

Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan. Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.

Principal payments: $$240,000 (the amount borrowed)
Interest payments: $$297,554 (the cost of borrowing)

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FLEXIBLE FINANCING OPTIONS

Find the Right Home Loan for Your Next Move

No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!

Conventional

Calculate your monthly payments and total costs for a jumbo mortgage that exceeds conforming loan limits.

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VA Calculator

Estimate your monthly payments and total costs for a loan backed by the Department of Veterans Affairs.

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Let's talk about your next move.

Buying, refinancing, or exploring your options? Work directly with Matt Roth to find a financing path that fits your goals.

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NMLS #2102875 – Company

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mattroth@mattrothestates.com

9535 White Place, La Mesa, CA 91942

All information is deemed reliable but not guaranteed. Neither mortgage company nor website company shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.

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