Question 1

What is the conforming loan limit for Amador County?

Accepted Answer

The 2025 baseline conforming limit is $806,500 for a single-unit home. Most Ione properties price well below that threshold.

Question 2

Can I use a conforming loan on a rural Ione property?

Accepted Answer

It depends on acreage and property type. Residential homes qualify. Large agricultural parcels often don't meet Fannie Mae guidelines.

Question 3

Do I need 20% down for a conforming loan?

Accepted Answer

No. You can put as little as 3% down. You'll pay PMI below 20%, but it cancels once equity reaches that level.

Question 4

How does my credit score affect my conforming rate?

Accepted Answer

Score tiers directly move your rate. Scores above 740 get the best pricing. Below 680, expect a noticeable rate increase.

Question 5

Is a conforming loan better than FHA for Ione buyers?

Accepted Answer

If your score is 680 or higher, conforming usually beats FHA on total cost. FHA wins when credit is below 640.

Conforming Loans in Ione, CA — Straightforward Financing for Amador County