In California, there are several types of home loans available to prospective buyers. Here are some common options: Conventional Loans: These are traditional loans not backed by a government agency (such as FHA or VA). They typically require good credit and a down payment of at least 3%. FHA Loans: Insured by the Federal Housing Administration, FHA loans are popular among first-time homebuyers due to their lower down payment requirements (usually around 3.5%) and more lenient credit score requirements. VA Loans: Available to eligible veterans, active-duty service members, and some spouses, VA loans are guaranteed by the U.S. Department of Veterans Affairs and often require no down payment. USDA Loans:…