As low as 3% down, competitive fixed & adjustable rates
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.
Why CDL
CDL Mortgage Services Inc. is a full-service mortgage company focused on securing the best loans at the best rates. As an independent broker, we aren’t tied to one bank’s products — we shop multiple wholesale lenders for every conventional loan to find the strongest pricing for your scenario.
Every file is handled start-to-finish by a licensed loan officer, not a call center. From fast pre-approval through underwriting and closing, you’ll always know exactly where your loan stands.
Requirements
General guidelines — final qualification depends on the lender, property, and your full financial profile.
Calculator
Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.
How It Works
A conventional loan is any mortgage not insured by a government agency. Most follow Fannie Mae and Freddie Mac guidelines, which is why they offer the widest range of terms and the lowest long-term cost for borrowers with solid credit.
We verify income, assets and credit up front so your offer is taken seriously and your pre-approval letter holds up under scrutiny.
As little as 3% for first-time buyers, 5% for repeat buyers, and 20% to avoid mortgage insurance entirely.
We shop multiple wholesale lenders on the same file and lock the pricing that fits your timeline and closing date.
An appraisal confirms value while underwriting validates the file. Many strong files qualify for an appraisal waiver.
We collect any remaining documents and clear conditions quickly — this is where most delays happen and where we work hardest.
You sign at escrow or with a notary, funds are wired, and the loan records. Purchases typically close in 21–30 days.
Your Options
Conventional does not mean one-size-fits-all. These are the structures we compare side by side before you commit.
Honest Advice
Conventional financing is the best value for many borrowers, and the wrong tool for others. We will say so plainly.
At 700+ credit, conventional pricing and mortgage insurance almost always beat FHA over the life of the loan.
You skip mortgage insurance completely, which no government program allows.
Mortgage insurance can be removed once you reach 20% equity — it is not permanent like most FHA cases.
Pricing gets expensive fast. FHA is usually the cheaper answer at lower scores.
Conventional caps debt-to-income tighter than FHA. If you are stretched, another program may approve you.
Waiting periods after bankruptcy or foreclosure are longer than FHA or non-QM alternatives.
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.
Find conventional loans details for your city or county below.
Ready when you are
Same-day pre-approvals, dozens of wholesale lenders shopped for you, and one licensed loan officer from application to keys in hand.