Question 1

What's the monthly payment on a $750,000 conforming loan in Livermore?

Accepted Answer

At 5.875% on a $750,000 loan, principal and interest run $4,437 monthly. Add property taxes, insurance, and HOA (if any) for your total. This assumes 80% LTV, 740 FICO, primary residence, 30-year fixed.

Question 2

Do I need 20% down to avoid PMI on a conforming loan?

Accepted Answer

Yes. At 20% down (80% LTV), there is no PMI. Below 20%, PMI applies until you hit 78% LTV, then it cancels automatically. At 3% down, PMI runs $150–$250 monthly for years.

Question 3

What credit score do I need for a conforming loan in Livermore?

Accepted Answer

Minimum 620 FICO. Rates improve at 680+, and best pricing kicks in at 740+. At 740, you qualify for the 5.875% rate shown here. Below 620, you'll need FHA or a co-signer.

Question 4

How long does it take to close a conforming loan in Livermore?

Accepted Answer

Typical timeline is 30–45 days from application to funding. Underwriting takes 15–20 business days. Appraisal and title add 7–10 days. A 30-day lock period covers most closings.

Question 5

Can I buy a $1.2M home in Livermore with a conforming loan?

Accepted Answer

Yes. The conforming limit is $1,249,125, so homes up to that price qualify. Above $1.25M, you'll need a jumbo loan, which requires 20% down, 750+ FICO, and 6–12 months reserves.

Conforming 30-year fixed mortgages in Livermore: 5.875% with 20% down