Conventional Loans in Stockton

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While there are many types of home loans available in Stockton and the surrounding area, conventional mortgages remain among the top choices for California borrowers.

Conventional mortgages can be customized to fit your needs in terms of mortgage rates (flexible or adjustable), terms, and features.

What is a Conventional Loan?

Each year, conforming loan limits are set for Fannie Mae and Freddie Mac. These limits stipulate how much a consumer can borrower and still qualify for conventional financing.

Above those limits, it is necessary to get a jumbo loan.

What are the Stockton Conventional Loan Limits in 2019?

As the county seat for San Joaquin County, Stockton has these conforming loan limits in 2019:

1 UNIT:

$484,350

2 UNITS:

$620,200

3 UNITS:

$749,650

4 UNITS:

$931,600

These conforming loan limits are the same ones that apply to most locations across the country. Keep in mind, however, that in higher-cost counties, higher conforming loan limits may be in place.

This is the case with some nearby counties. For example, here are the conforming loan limits for San Francisco County:

1 UNIT:

$726,525

2 UNITS:

$930,300

3 UNITS:

$1,124,475

4 UNITS:

$1,397,400

When you apply for a loan, we can inform you as to whether your financing needs fall within the conventional loan limits for the county where you will be purchasing a home.

Qualification Requirements for Conventional Loans in California

The interest rates and terms that you qualify for with a conventional mortgage depend upon your borrower profile. Some of the factors that impact the offers you receive include:

Your credit score

Your debt-to-income (DTI) ratio

The status of your employment

How long you have been employed continuously

Past foreclosures, bankruptcies, and other financial history details

The down payment you are prepared to make

If you would like to try to raise your credit score before you apply, we offer free credit counseling to help you qualify for the most affordable rates. You may be surprised by how much more competitive you can make your risk profile even if you only have a short amount of time in which to boost your credit.

What Our Clients Are Saying

Vanessa Medina
Vanessa Medina
17:18 07 Oct 19
I had an AMAZING first-time home buying experience with H.O.M.E Lending! Don Burns and his assistant Paula were a joy to work with and made every step of the way extremely easy and stress free. I loved that I was kept informed through each step as progress was made, and I felt like my experience was customized, rather than feeling like "just another client." I will definitely be bringing my business back in the future! Still in awe with my home and the treatment I was given!read more
Ashley Acker
Ashley Acker
16:57 04 Oct 19
Don and his team will do everything possible to get you in a home you truly love! They are excellent at prompt communication, and were so kind and patient while we asked a million questions about the homebuying process. Few things are more stressful than buying your first home, and Don and Paula were so great and made it so easy. Don kept us aware of the rates and made sure to lock in our loan when rates were the best for us. He is an excellent agent, broker, and lender, and has SO much knowledge about every single step of the process! Thanks so much, Don and team!read more
Christy Werner
Christy Werner
16:44 15 Sep 19
Don and his staff at H.O.M.E. Lending went far above and beyond to assist me with a (by no fault of theirs) complicated sale of my home and purchase of a new home. Had it not been for Don and his staff, I would not be sitting happily in the home of my dreams right now. Don was a wealth of knowledge and a huge support throughout the entire transaction. His staff was professional, pleasant and amazing to work with. I will, without reservation, be recommending H.O.M.E Lending to my friends and family. I am very grateful that I found H.O.M.E. Lending.read more
Kevin Goehring
Kevin Goehring
19:13 11 Sep 19
I met Don Burns when he represented a buyer for a property I had listed. I was very impressed with Don's communication, professionalism, and attention to detail. In fact, I was so impressed with Don and the H.O.M.E Lending team that I have referred several of my clients to them for their refinance and purchase money needs. These referrals have all been pleased with the service and low rates. I have been equally as happy with the quick and easy closing and outstanding communication throughout the process. I have found that Don and the H.O.M.E Lending team actually care about their clients and offer a personal touch not found with the big banks.read more
Shari Cardenas
Shari Cardenas
20:08 20 Aug 19
Don Burns and company, we're all Amazing! Never had hubby and I thought we'd own. Don helped us with plan to pay credit and get a loan! I'm sitting in my new beautiful forever home!!! Thanks guys!
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Apply for a Conventional Mortgage in California Now

If you are ready to apply for a competitive conventional loan in Stockton or elsewhere in California, please call (209) 477-0262 or email info@gethomelending.com. Let’s get you into your new home conveniently and affordably.

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