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Conventional Loans
in Los Angeles

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When shopping for a home loan in Los Angeles, one versatile option to consider is a conventional loan, also known as a conforming loan. A conventional loan conforms to the limits established by Fannie Mae and Freddie Mac for financing. So long as the amount you need to borrow to purchase a home falls under those limits, conventional financing is a possibility.


What Are the Conventional Loan Limits for Los Angeles?

As of 2019, here are the conventional loan limits for LA:

One Unit Limit:

$726,525

Two Unit Limit:

$930,300

Three Unit Limit:

$1,124,475

Four Unit Limit:

$1,397,400

Many homes in the Los Angeles metropolitan area can be purchased with conventional financing. Conventional loan limits in some of the surrounding counties are lower.

For example, here are the 2019 conventional loan limits in Riverside:

One-Unit Limit:

$484,350

Two-Unit Limit:

$620,200

Three-Unit Limit:

$749,650

Four-Unit Limit:

$931,600

If you are not sure what the conforming loan limits are in the area where you are shopping for a home, I can let you know the applicable caps for conventional financing.

There are, of course, many Los Angeles homes that require more financing than you can receive through a conventional loan. For those properties, consider applying for a jumbo loan.

What Will You Qualify for When You Apply for a
Conventional Loan in LA?

The interest rate and terms governing a conventional loan in Los Angeles depend on your qualification criteria. When extending you loan offers, lending companies evaluate:

Your credit score as well as your debt-to-income ratio and other important financial measures.

The down payment amount that you can make.

Your financial history.

Factors involving your employment.

The more competitive you are as a borrower, the more affordable loan offers you will receive.

What Our Clients Say

Shannon Christenot
Shannon Christenot
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Tony Bilby
Tony Bilby
03:09 07 Mar 20
Shannon and her team were professional, competent, and swift when it came to the lending associated with my home purchase. We were able to get the loan approved and close on a house in less than 30 days. Record time!read more
Joshua Barton
Joshua Barton
16:05 23 Nov 19
I have had the pleasure of working with Shannon for 8 years - her knowledge of the mortgage process and attention to clients is unparalleled. The Los Angeles market can be tricky with high dollar homes and unique income of the Entertainment Industry, but Shannon takes charge and leads everyone through to successful closings like clock work - cannot recommend her enough a true Rock Star in Mortgage world.read more
Lauren S
Lauren S
04:52 18 Oct 19
Working with Shannon was a real pleasure. She was always available and got back to me promptly with any necessary information. I was able to refinance my mortgage at a rate considerably lower than another larger company quoted who I had started working with. I look forward to working with Shannon again and I highly recommend her to anyone looking for a competent and decent mortgage broker.read more
Mike White
Mike White
02:15 27 Sep 19
As first time home buyers we had no idea what we were doing. We were pre-approved by a well known company but quickly discovered that we absolutely did not want to work with them for the actual mortgage. Shannon was recommended to us by a friend and I called on a Saturday morning. By Saturday evening we were well on our way to buying a house (we closed three days ago!). Shannon made navigating these foreign waters so easy, answering all of our newbie questions with patience and grace. Plus she got us a fantastic rate. We are so grateful for Shannon and can not recommend her enough. WE OWN A HOME!!read more
Alaine Smith
Alaine Smith
13:15 26 Sep 19
It was wonderful working with Shannon! She is attentive, thorough, and intelligent. It was easy to communicate with her because she took time to hear and understand my goals and always responded quickly. I highly recommend her to anyone looking. The customer service she provides exceeds expectations by a long shot! Thank you, Shannon, for all your help!read more
Julie Mckay
Julie Mckay
17:20 28 Aug 19
I just purchased my first home! Shannon and her team were truly a dream to work with. I was never left in the dark and she was always quick to respond with all of my questions. My experience couldn't have been easier. I highly recommend Shannon and would use her again in a heartbeat! She is the BEST!read more
jojo quijada
jojo quijada
19:55 27 Aug 19
I've been in the real estate business for over 5 years now, and I always trust Shannon to work with my clients. She and Josh are an AMAZING TEAM! Buyers love to work with Shannon as she gets things done asap and answer any and every question/concern. I couldn't recommend a better person for lending. Can't thank her enough!!read more
Rotimi Ayanbeku
Rotimi Ayanbeku
20:12 15 Aug 19
I always go back to Shannon because she is one of the best in the business! I've worked with Shannon over the years, however, she outdid herself in my last deal. She was so professional, caring and effective that my clients were comparing everyone else in the deal to Shannon. More importantly, we were ready to fund in less than two weeks. Once again, Shannon affirmed my belief in her that she always rises to the occasion. Thank you for being the best!read more
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Apply Now for a Competitive Conventional Loan in Los Angeles

I am a mortgage broker, which means that I partner with many mortgage lenders throughout the Los Angeles metropolitan area. This is what allows me to bring you as many conventional loan offers as possible so that you can choose the most competitive one. This is a big timesaver for you, and can also save you money over the lifetime of your loan.

If you are ready to find out what you qualify for, please give me a call at (818) 601-2231. I look forward to scheduling your consultation and discussing your needs.

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(818) 601-2231
shannon@shannonchristenot.com
700 Flower St #1000
Los Angeles, CA 90017
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Shannon Christenot is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

Amid global concern about COVID-19, we will continue to be here for our customers.
 
As people and companies all across the country take additional preparations to protect against the Coronavirus (COVID-19), we acknowledge that your mortgage concerns will likely not be taking a break. At this time, we will remain open full-time and will continue to service our customers with the same fast response times you’ve come to expect from us.
 
Due to the increasing number of reported cases in the U.S., we are continuously monitoring the situation. We will also continue to actively assess the necessary actions we need to take in order to ensure the health and safety of our customers, employees, and their families. We hope that you will join us in taking some basic and important measures, such as frequent hand washing, to keep communal risk low.