Step-by-step guide
Getting a conventional loan is simpler than most people expect when you have the right team. Here’s the exact process CDL Mortgage walks every borrower through, from the first conversation to funding day.
Competitive conventional home loans for buyers and homeowners throughout California, Texas, Georgia, Tennessee, Oklahoma, and Idaho. As low as 3% down for qualified buyers, fixed and adjustable rates, and fast pre-approvals from licensed loan officers at CDL Mortgage.
The Process
Review your credit report and settle on a comfortable monthly payment before you apply. As low as 3% down, competitive fixed & adjustable rates. We’ll tell you exactly where you stand — and how to improve your pricing — in a free 15-minute call.
Typical items include photo ID, recent pay stubs or income documentation, bank statements, and two years of tax returns where applicable. Your loan officer sends a short checklist tailored to your conventional loan.
We verify your income, credit, and assets up front so your pre-approval actually holds up in underwriting. A solid pre-approval is the single biggest factor in a smooth, on-time closing.
As an independent broker, CDL Mortgage shops multiple wholesale lenders on every conventional loan — you see the best pricing across the market, not one bank’s rate sheet.
We submit your full file, order the appraisal when required, and clear any underwriter conditions for you. You’ll always know exactly where your loan stands.
Sign your final documents with a notary or at the title company, and your loan funds. Most files close in 21–30 days — often faster.
Questions
Most conventional loans require a minimum credit score of 620, though the best rates typically go to borrowers with scores of 740 or higher. If your score is lower, an FHA loan may be a better fit — we’ll review your full profile and recommend the right program. Call (916) 624-0767 for a free assessment.
Qualified first-time buyers can put down as little as 3%, and most buyers put down between 5% and 20%. Putting down 20% lets you avoid private mortgage insurance (PMI). We’ll calculate the exact figure for your loan amount and price range.
Most conventional purchase loans close in 21 to 30 days once you’re under contract, and refinances often close faster. Getting fully underwritten pre-approval up front is the single biggest factor in a fast, on-time close.
Private mortgage insurance protects the lender when you put down less than 20%. On conventional loans it can typically be removed once you reach 20% equity, and it automatically terminates at 22% equity — unlike FHA mortgage insurance, which often lasts the life of the loan.
We offer both. Fixed-rate loans (15- and 30-year) keep the same payment for the life of the loan. Adjustable-rate mortgages (ARMs) start with a lower rate for an initial period. We’ll compare both against your timeline in the home.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.