Question 1

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

Accepted Answer

Minimum is 620, but you need 740+ for best rates. Most Brentwood borrowers with 20% down hit that threshold easily.

Question 2

How much down payment is required?

Accepted Answer

Minimum is 3% for primary residence. Put down 20% to avoid monthly mortgage insurance and unlock better rates.

Question 3

Can I cancel mortgage insurance on a conventional loan?

Accepted Answer

Yes, PMI cancels automatically at 78% loan-to-value. You can request removal at 80% with an appraisal.

Question 4

How do Brentwood property taxes affect my loan approval?

Accepted Answer

Lenders include taxes in debt-to-income calculation. Contra Costa's 1.2-1.3% rate eats into your qualifying amount.

Question 5

Should I choose conventional or jumbo for homes above $750k?

Accepted Answer

Depends on your credit and rate spread. We compare both options since jumbo often beats high-balance conventional pricing.

Conventional Loans in Brentwood: Strong Credit Gets You the Best Rates