San Diego's #1 3% Down Conventional Home Loan Q & A for 2021

(Please note: This video was created prior to 2021 - but, these numbers below have been updated for 2021 new higher limits...)

In this video I answer some common questions of the 3% down conventional home loan in San Diego you might not be aware of.

This mortgage loan is great for anyone that wants to put down as little as 3%, get a loan amount up to $548,250, or put down as little at 5%, and get a loan up to $753,250 and take advantage of record low interest rates.

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Without further ado - let's jump into some great questions about the conventional loan...

Question #1 - What's the Minimum Down and Max Loan Amount?

The minimum down payment is 3% down, up to a $548,250. It's 5% down, from the $548,250 loan amount up to the $753,250 loan amount.

Question #2 - What Types of Property Can I Use a Conventional For?

This can be for a primary residence, second home, vacation home, or investment property. It's great for a home, townhome/condo, or multifamily property (2, 3, or 4 unit). I do *not* personally deal with land loans, mobile homes, or manufactured homes.

Question #3 - If I Had a Conventional Loan Before - and Foreclosed - Can I Buy Using One Again?

Yes, it's 7 years after a foreclosure, if you want to go with a conventional loan. Knowing that, it might be better, if you can, to go with a USDA loan (countryside), FHA loan, or VA loan (if you were/are in the military).

Question #4 - Are There Any Strategies to Get Rid of the Mortgage Insurance (MI)?

Sure, you could put down 20% or more. That's the easiest way. Past that, I believe MI is misunderstood. If you have MI, your rate is lower. If we are going less than 20% down, I have loans with no MI. Guess what? Because there is no MI, and the lender has more risk, they raise the rate. Care less about the MI, and care more about having the lowest total housing payment possible.

Question #5 - I Have Heard There's a Max Number of Homes I can Use With A Conventional Loan - Is That True?

This isn't a worry for most people. Some lenders don't want you to have over 10, or 20 properties, in order for them to feel comfortable doing a conventional loan. But, that doesn't effect 99.99% of the people.

Here's your steps to begin:

Fill out my online application in 10 minutes or less at

Once complete, log back in, finish application, and upload your needed documents (Drivers license, last 30 days paychecks, last 2 months bank statements, latest stocks/bonds/mutual funds/etc statements, last 2 years taxes and W2's)

I will be alerted, check everything over, run your credit, review, and contact you about best scenario.

Here's more San Diego conventional home loan videos below:

SD 3% Down Conventional Loan Details

SD 3 Down Conventional Loan Secrets

SD 3 Down Conventional Loan Q & A

SD 3% Down Conventional Loan Needed Documents

What do you think?

Leave me a comment below – or, contact me here

Your San Diego 3% Down Conventional Insider,


5 San Diego Conventional Loan Secrets Revealed!

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