| | Conventional | FHA | Veterans Admin (VA) | 5/1 & 7/1 ARM | CalPERS | Jumbo | | |
Conventional Financing |
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| A conventional loan is a mortgage loan, which is not insured or guaranteed by any agency of the state or federal government. Many years ago, the only loans available for housing were conventional loans with very short terms of 3-5 years with balloon payments and high down payment requirements of as much as 50% down. |