California Conventional Loan for Every Homebuyer
Ready to stop renting and start owning? A California conventional loan puts homeownership within reach. Competitive rates, flexible terms, and guidance that makes the journey feel right.
Guidance homeowners rely on
Thousands of families just like yours have found clarity and confidence with the guidance of a leading mortgage lender dedicated to their success.
.svg){kind=logo}
Why California Homebuyers Pick Conventional Loans
Flexible Down Payment Options.
Put down as little as 3% or more if you choose. A California conventional loan lets you decide how much to invest upfront based on what works for your budget.
No Upfront Mortgage Insurance Fee.
Unlike government loans, A California conventional loan has no upfront mortgage insurance fee. More of your money goes toward your home from day one.
PMI That Goes Away.
If you put less than 20% down, you pay private mortgage insurance. But with A California conventional loan, PMI drops off once you hit 20% equity. It is not forever.
Our Rates For You
CONV 30 Year Purchase
CONV 15 Year Purchase
Rates and APR shown are based on a $350,000 loan amount, 850 credit score, primary residence, single family home, 75% loan to value ratio, and owner occupied property. Payment example assumes no other liens on the property and includes principal and interest only. Taxes, insurance, mortgage insurance, and escrow items are not included and will increase the actual payment. Rates, APR, and points are subject to change without notice and may vary based on credit profile, property type, occupancy, loan to value, loan amount, and other qualifying factors. Not all borrowers will qualify.
The California Conventional Loan Experience
Why California Buyers Choose Conventional Loans
Down Payments as Low as 3%.
You do not need to save for years. A California conventional loan lets you buy with just 3% down, getting you into your home sooner.
Loan Amounts Up to Conforming Limits.
California conventional loans cover most home prices. For higher cost areas, conforming loan limits allow you to borrow more without jumping to a jumbo loan.
Fixed or Adjustable Rates.
Choose the rate structure that fits your plan. A fixed rate keeps payments steady. An adjustable rate may start lower. Your California conventional loan, your choice.
$810M
18 Years
27500+
Conventional vs Other Loans
Conventional
FHA
VA
USDA
For homes beyond standard loan limits.
High value homes should not mean high stress financing. A conventional loan with jumbo options offers competitive rates, simple terms, and a clear path to purchase without compromise.
What could you afford with a conventional loan
Before you fall for a listing, see how the math feels. Use the calculator to test price, down payment, and taxes for your county. You will know what is comfortable before you schedule tours.
Real people. Real challenges. Real mortgage success.
What if answers changed everything you feared?
Still unsure? Talk to someone who hears you, not a script.
A California conventional loan is a home loan not backed by a government agency. It offers competitive rates, flexible terms, and down payments as low as 3% for qualified buyers.
You can buy with as little as 3% down on a California conventional loan. Putting 20% down avoids private mortgage insurance, but it is not required.
Most lenders look for a 620 credit score or higher for a California conventional loan. Higher scores typically get better rates and terms.
Yes, if you put less than 20% down. But unlike FHA loans, PMI on a California conventional loan drops off once you reach 20% equity.
California conventional loan rates change with the market. Your specific rate depends on credit, down payment, and loan amount. We show you current rates for your situation.
California conventional loan limits follow conforming guidelines, which vary by county. Most areas allow loans up to $766,550 in 2024. Higher cost areas allow more.
Yes. California conventional loans work for single family homes, condos, and townhomes. The property must meet certain guidelines, but most do.
Still have a question?
No problem. Let’s just talk.
About Oxford
Refinance Loan
Resources & Calculators
Hire
Advertised offers are not guaranteed if you do not continue to meet Oxford Home Lending's criteria and other factors bearing on your creditworthiness. Rates will vary depending on your loan term, loan type, credit profile & score, down payment, qualifying ratios, and property collateral. Monthly payments do not include property taxes, property insurance, and homeowners' association dues. Since costs can vary based on a loan program, closing costs are not shown in the examples. To qualify for a mortgage, borrowers must be U.S. citizens or permanent residents, and meet Oxford Home Lending's underwriting and Investor requirements. Interest rate examples are as of 03/03/2026 and subject to change without notice. All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Rate subject to change depending on time of lock.
Lower, LLC DBA Oxford Home Lending | NMLS #1124061 | www.nmlsconsumeraccess.com.
Lower, LLC | NMLS ID# 1124061 | 5950 Symphony Woods Road Suite 312 Columbia, MD 21044 | Equal Housing Opportunity | https://nmlsconsumeraccess.org/ | Not an offer of credit or commitment to make a loan; all approvals are subject to underwriting guidelines including but not limited to acceptable current credit worthiness, income history, debt ratio, etc. Loan programs & options are subject to change at any time. Rates will vary depending on your loan term, loan type, credit profile, down payment, and qualifying ratios. Rates can change daily. Some restrictions may apply.
© 2026 Lower, LLC | Conducts business in 47 States to include the District of Columbia. Alabama, Alaska, Arizona - License #1000936, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky (Lower.com, LLC), Louisiana, Maine, Maryland, Massachusetts Mortgage Broker License -- MC1124061 | Massachusetts Mortgage Lender License -- MC1124061, Michigan, Minnesota, Mississippi, Missouri, Montana (Lower.com, LLC), Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, North Carolina, North Dakota, Ohio, Oklahoma (Lower Mortgage, LLC), Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington (Lower.com, LLC), West Virginia, Wisconsin, and Wyoming.
Refinance: By refinancing your existing loan, your total finance charge may be higher over the life of the loan.
Reviews: Zillow® is a trademark of Zillow, Inc. Bankrate® is a trademark of Bankrate, LLC. Lending Tree® is a trademark of Lending Tree, LLC. Google® is a trademark of Google LLC. Facebook® is a trademark of Facebook, Inc.