Explore dedicated financing solutions tailored to your unique goals. Select any program below to view detailed guidelines and requirements.
The standard for purchasing or refinancing. Down payments as low as 3% for qualified buyers with cancellable private mortgage insurance.
Government-insured loans with down payments starting at 3.5% and flexible guidelines for borrowers building or rebuilding credit.
Exclusive 100% financing for active-duty military, veterans, and eligible surviving spouses with zero monthly PMI ever.
Financing luxury primary residences and second homes that exceed standard conforming limits with dedicated portfolio underwriting.
Scale your real estate investment portfolio without personal tax returns. Qualify based purely on rental property cash flow.
Step-by-step guidance for down payment planning, credit readiness, pre-approval, and comparing low-down-payment loan options.
| Loan Program | Min. Down Payment | Min. Credit Score | Mortgage Insurance | 2026 CA Loan Limits | Best Suited For |
|---|---|---|---|---|---|
| Conventional | 3% to 5% | 620 | Cancellable PMI at 80% LTV | $832,750 base / $1,249,125 high-cost | Good-to-excellent credit; primary homes and condos |
| FHA Home Loan | 3.5% | 580 | 1.75% Upfront + 0.55% Annual MIP | $541,287 floor / $1,249,125 ceiling | First-time buyers, gift-fund down payments, building credit |
| VA Military Loan | 0% ($0 Down) | 580 – 620 | $0 No Monthly PMI Ever | No statutory limit (full entitlement) | Active military, veterans, and surviving spouses |
| Jumbo Financing | 10% to 20% | 680 – 720+ | No PMI with 20% down | Exceeding county caps ($1.25M to $5M+) | Luxury California primary residences and second homes |
| DSCR Investor | 20% to 25% | 660 | No Monthly PMI | Up to $3,000,000+ | Real estate investors; qualify purely on rental cash flow |
LoanPlace provides mortgage and purchase financing options across California's top metropolitan regions:
Direct answers to common questions about selecting the right mortgage program for California homebuyers and investors.
LoanPlace offers Conventional conforming, FHA, VA military, Jumbo, Rate-and-Term Refinance, Cash-Out Refinance, HELOCs, and DSCR investor loans.
We serve primary homebuyers, military service members, luxury property owners, and residential rental investors across California.
Program selection depends on your down payment capability, credit score, property type, and occupancy goals.
Conventional loans suit buyers seeking cancellable PMI; FHA offers low down payment flexibility; VA provides no-down-payment options for eligible veterans and service members; Jumbo finances luxury balances; and DSCR serves rental investors.
Conventional loans follow Fannie Mae and Freddie Mac rules and allow PMI cancellation once sufficient equity is achieved, while government loans (FHA/VA) offer flexible credit standards and specialized benefits backed by federal agencies.
FHA loans require upfront and ongoing mortgage insurance premiums, whereas VA loans require no monthly mortgage insurance for qualified military personnel.
Yes. Self-employed borrowers can qualify using business and personal tax returns, or through alternative programs such as DSCR investor financing for rental properties where evaluation focuses on property cash flow.
Our originators analyze business cash flows, depreciation add-backs, and income distributions to establish accurate qualifying income.