Question 1

What is the conforming loan limit in Alameda County?

Accepted Answer

Alameda County qualifies for high-cost conforming limits above the national baseline. Contact us for the current figures — limits adjust annually.

Question 2

Can I put less than 20% down on a conforming loan in Pleasanton?

Accepted Answer

Yes. You can put as little as 3% down. You'll pay PMI until you reach 20% equity, then you can cancel it.

Question 3

How is a conforming loan different from a jumbo loan?

Accepted Answer

Conforming loans stay within Fannie and Freddie limits. Jumbo loans exceed those limits and require stricter credit and larger reserves.

Question 4

What credit score do I need for a conforming loan?

Accepted Answer

Most lenders require at least 620. A score of 740 or higher gets you the best pricing available.

Question 5

Are conforming loan rates fixed or adjustable?

Accepted Answer

Both options exist. Fixed rates lock your payment for the loan term. ARMs start lower but adjust after an initial period.

Question 6

How long does a conforming loan take to close in Pleasanton?

Accepted Answer

Most conforming loans close in 21 to 30 days. Clean files with full documentation close faster.

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