Question 1

What credit score do I need for a conventional loan in Pleasanton?

Accepted Answer

Minimum is 620. But 740+ gets you the best rate tiers available from wholesale lenders.

Question 2

Do conventional loans in Alameda County have higher limits?

Accepted Answer

Yes. Alameda County is a high-cost area with elevated conforming limits. You can borrow more before hitting jumbo territory.

Question 3

Can I avoid PMI on a conventional loan?

Accepted Answer

Put 20% down and PMI doesn't apply. Unlike FHA, conventional PMI also cancels once you reach 20% equity.

Question 4

Is conventional or FHA better for Pleasanton buyers?

Accepted Answer

Conventional usually wins above 700 credit. Below that, FHA pricing can be more competitive — we run both scenarios.

Question 5

How long does a conventional loan take to close in California?

Accepted Answer

Typically 21-30 days with a complete file. Delays usually come from appraisal or title, not the lender.

Question 6

Can self-employed borrowers use conventional loans in Pleasanton?

Accepted Answer

Yes, but underwriting is stricter. Expect two years of tax returns and lender scrutiny on income averaging.

Conventional Loans in Pleasanton, CA