Question 1

Can I get a conventional loan on a cabin in Markleeville?

Accepted Answer

Yes, but condition and functionality matter. The property must meet conventional habitability standards and pass appraisal.

Question 2

What credit score do I need for a conventional loan here?

Accepted Answer

Most conventional programs start at 620. Higher scores get better rates — 740+ typically hits the best pricing tiers.

Question 3

How does wildfire risk affect my loan approval?

Accepted Answer

Lenders require proof of hazard insurance before closing. If you can't get coverage, the loan can't close.

Question 4

Is PMI required on a conventional loan in Alpine County?

Accepted Answer

PMI applies when you put down less than 20%. It cancels once you reach 80% loan-to-value — unlike most FHA loans.

Question 5

Why use a broker instead of a bank for this loan?

Accepted Answer

Rural Alpine County files get declined by lenders unfamiliar with the area. A broker finds lenders who actually close these deals.

Conventional Loans in Markleeville, CA