📋 Loan Types

FHA, VA, Jumbo & Conventional Loans

The right loan type makes a significant difference in your monthly payment and long-term costs. I help you choose wisely.

FHA Loans

Backed by the Federal Housing Administration, FHA loans are ideal for buyers with lower credit scores or limited down payment savings. They're one of the most flexible loan products available.

Down payment as low as 3.5%
Credit scores from 580+
Gift funds allowed for down payment
Seller can contribute up to 6% toward costs
2024 loan limit: $1,006,250 (San Diego County)

Note: FHA loans require mortgage insurance premiums (MIP) for the life of the loan if down payment is under 10%.

VA Loans

Exclusively for veterans, active-duty service members, and eligible surviving spouses. VA loans offer the best terms available on the market — period. It's one of the most valuable benefits you've earned.

Zero down payment required
No private mortgage insurance (PMI)
Competitive interest rates
Flexible credit requirements
No loan limit with full entitlement

Eligible borrowers include veterans, active duty, National Guard, Reserves, and qualifying surviving spouses.

Jumbo Loans

For high-value properties exceeding conventional loan limits, jumbo loans are the go-to solution. In San Diego's competitive market, many buyers need jumbo financing even for mid-range homes.

Loans from $1M to $5M+
Primary, second home, & investment
Fixed and adjustable rate options
Self-employed & asset depletion programs
Bank statement loan options available

Typically requires 10–20% down and stronger credit, though programs vary by lender.

Conventional Loans

Not government-backed, but highly competitive. Conventional loans are the most common mortgage type and often offer the lowest total cost for borrowers with good credit and stable income.

Down payment from 3% (Conventional 97)
PMI removable once 20% equity reached
Best rates for 740+ credit scores
15 or 30 year fixed, ARM options
Investment & second home eligible

Conforming limit for San Diego County is $1,006,250 for 2024.

Not Sure Which Loan Is Right for You?

That's exactly what I'm here for. A 15-minute call is all it takes to figure out your best path forward.

Talk to Mike — Free Consultation

Let's Find Your Perfect Loan

I shop your scenario across dozens of lenders to find the best rate and terms for you.

Get Started Today 📞 858-472-2053