Question 1

What is the conforming loan limit in Butte County for 2026?

Accepted Answer

The 2026 limit for a single-unit property in Butte County is $832,750. Loans above that require jumbo financing.

Question 2

Can I get a conforming loan with less than 20% down in Chico?

Accepted Answer

Yes — as low as 3% down for qualifying first-time buyers. You'll pay PMI until you reach 20% equity.

Question 3

How does my credit score affect my conforming loan rate?

Accepted Answer

Every tier matters. A 740+ score gets the best pricing. Dropping below 680 can add meaningful cost to your rate.

Question 4

Will a property with fire damage history qualify for a conforming loan?

Accepted Answer

It depends on current condition and the appraisal. Fully repaired homes typically qualify — partially repaired or damaged properties often don't.

Question 5

Is a conforming loan better than FHA for Chico buyers?

Accepted Answer

Usually, if your credit is 660 or above. Conforming PMI cancels; FHA mortgage insurance typically doesn't without a refinance.

Question 6

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

Accepted Answer

Most conforming purchases close in 21–30 days with a complete file. Appraisal and title turnaround drive most of the timeline.

Conforming Loans in Chico, CA — Rates That Make Sense