Conventional Loans


Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. Equity Reach will help you find the cheapest rate possible and best mortgage rates on the market with our sponsored lenders. While many think that a 20% down payment is required for all conventional loans, many lenders now offer low down payment options like 3-5%.

For purchases it is required that a conventional loan has a down payment of at least 5%. For conventional refinances a our customers are eligible to get cash money back! (depending on the circumstance.) Some refinance-es are eligible for debt consolidation, where the money that they are getting from the equity they’ve built in their home, can be reimbursed to pay off their debts. Refinances are good ways to get your money’s worth out of a home.

Equity Reach takes pride in providing our consumers with the opportunities, that some people may never have in their lives, to take cash out of their home and use it to build enormous amounts of equity. We also encourage our borrowers to pay off any student debts with a refinance so that their credit score can increase and their buying power increases. Buying a home is a huge investment and we encourage our clients to achieve the happiness their looking for. Equity Reach invests in you so that you can achieve your financial goals, increase your buying/purchase power, help you have more financial freedom.

Equity Reach Inc has the best mortgage rates and opportunities in the Santa Maria Valley, Arroyo Grande, The Central Coast, and both Santa Barbara County and San Luis Obispo County!