What are the Conventional Down Payment Requirements?

For Purchase transactions Conventional Loans require the home-buyer to put down at least 5% - 20% of the purchase price of the home. For a Refinance transaction, most lenders require at least 10% equity in the property.

What types of property are eligible?

Most conventional loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences. A conventional loan can also be used to finance a primary residence, second home and investment property.

If you have more questions about conventional loans please call: 818-389-3938

• Zero used car salesmen vibe. Communication was top notch. Jason was trustworthy and cannot thank him enough for truly stress free experience. I will be back and will be referring people, thanks again to Jason Smith and the team at Alameda Mortgage!

  Travis B.

• Working with Jason was a wonderful experience. My husband and I appreciate his professionalism and knowledge in the industry. He made our first time home buying experience very easy and stress free. We would highly recommend him to our family and friends.

  Darina T.

• Mike was super helpful and very communicative. He made the process less stressful and was upfront about anything I had questions on. He really made buying our first home enjoyable! Thanks Mike for all your amazing hard work! Will definitely use him again in the future and recommend him to all my family and friends!

  Shannon B.

• Mike Fisher did an excellent job for my Buyer in Thousand Oaks, and went above and beyond his job to make sure we have a smooth escrow. More happy customers!

  Ola M.

• Jason helped me from beginning to end of my home-buying experience. He was patient, knowledgeable, and always responded quickly to any issues that came up. By the time I closed on the house, I felt confident that I knew what I was getting into and that I was in good hands. My brief interactions with other people at the company were all positive and professional. Thank you for guiding me through the whole process!

  Matthew T.

• I can not get over how easy my home loan process was. Working with Jason Smith at Alameda Mortgage was the best decision I ever made. Jason made the loan process so seamless and stress-free, and he got me a great rate! I highly recommend Alameda Mortgage and Jason.

  Joi S.

• This is the second time that Jason Smith has ensured that our escrow closed and he made sure we closed early and with the best possible interest rate. He is responsive, knowledgeable, motivated, and true to his word. Jason Smith made the escrow process as painless and and stress-free as possible. You will not regret giving Jason the opportunity to help make your dreams come true.

  Jennifer E.

• get to the previous swipe
• get to the next swipe