Conventional Loans Bakersfield
The most flexible mortgage for buyers with solid credit. Competitive rates, no upfront mortgage insurance, and options for primary homes, vacation properties, and investment real estate.
3%
Minimum Down Payment
620+
Min. Credit Score
$806,500
Loan Limit (2025)
80% LTV
PMI Removed At
Key Benefits
Down Payment from 3%
Conventional loans are available with as little as 3–5% down through Fannie Mae and Freddie Mac programs designed for first-time buyers.
PMI Automatically Removed
Once you reach 20% equity (80% LTV), private mortgage insurance is automatically cancelled — unlike FHA's permanent MIP.
Higher Loan Limits
Conforming conventional loans go up to $806,500 in most areas for 2025, and jumbo loan options are available beyond that.
Works for More Property Types
Conventional loans can be used for primary residences, second homes, and investment properties — giving you more flexibility than government-backed loans.
Flexible Term Options
Choose from 15-year, 20-year, or 30-year fixed-rate options, or explore adjustable-rate mortgages (ARMs) depending on your strategy.
No Upfront Funding Fee
Unlike VA and USDA loans, conventional loans have no upfront funding or guarantee fee — just standard closing costs.
Is This Loan Right for You?
- Buyers with a credit score of 620 or higher
- Buyers putting at least 3–5% down
- Those who want to avoid long-term mortgage insurance
- Buyers purchasing a vacation home or investment property
- Those who want higher loan amounts beyond FHA limits
- Buyers with stable, documented income (W2 or salaried)
Ready to See If You Qualify?
Our team will review your situation and tell you exactly which programs you qualify for — no cost, no commitment.
Check My EligibilityFrequently Asked Questions
Let's Get You Pre-Approved
Dream House Lending serves home buyers across Bakersfield and the Central Valley. We're ready to guide you from start to close.