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Placerville sits in El Dorado County, a foothill market where prices stay below many coastal California cities. That works in your favor with conforming loans.
HousingWire flagged that the 30-year fixed hit 6.57% with applications dropping sharply — conforming borrowers here should lock strategically. Rates vary by borrower profile and market conditions.
620
Min Credit Score
3% (first-time)
Min Down Payment
45%
Max DTI
6.57% (Apr 2026)
30-Year Fixed
21–30 days
Est. Close Time
Conforming Loans in Placerville
Most W-2 borrowers with a 620+ credit score and steady two-year employment history will qualify. A 700+ score gets you better pricing.
You'll need a debt-to-income ratio under 45%. Down payment starts at 3% for first-time buyers, 5% otherwise.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Placerville.
Placerville sits in El Dorado County, a foothill market where prices stay below many coastal California cities. That works in your favor with conforming loans.
HousingWire flagged that the 30-year fixed hit 6.57% with applications dropping sharply — conforming borrowers here should lock strategically. Rates vary by borrower profile and market conditions.
Most W-2 borrowers with a 620+ credit score and steady two-year employment history will qualify. A 700+ score gets you better pricing.
Conforming loans trade on the secondary market through Fannie Mae and Freddie Mac. That means hundreds of lenders compete for your loan.
At SRK CAPITAL, we shop across 200+ wholesale lenders. Retail banks quote one rate. We find the best one available for your profile.
Placerville buyers often choose conforming over FHA because there's no upfront mortgage insurance premium. That's real savings at closing.
If your score is above 740 and you put 20% down, you're getting the best conforming pricing available. Below that, every tier costs you something.
FHA offers more flexibility on credit but charges mortgage insurance for the life of the loan in most cases. Conforming PMI eventually goes away.
Jumbo loans kick in above the conforming limit. Many Placerville homes fall under that ceiling, so you likely don't need a jumbo.
El Dorado County is largely rural and wooded. Some properties here have well and septic systems. Fannie Mae has specific guidelines for those — not every lender handles them cleanly.
Acreage properties are common in this market. Conforming loans allow acreage, but appraisals need comparable sales. That can be trickier in rural foothills than in suburban tracts.
El Dorado County follows the standard conforming limit set by the FHFA each year. Check current limits before assuming your loan amount qualifies.
Yes, but the property must pass inspection requirements. Not all lenders handle well and septic files well — experience matters here.
First-time buyers can put as little as 3% down. Repeat buyers typically need at least 5%.
Yes, if you put less than 20% down. PMI cancels once you reach 20% equity — unlike FHA mortgage insurance.
For borrowers with 620+ credit and stable income, usually yes. Conforming costs less over time if you qualify.
Typically 21 to 30 days. Rural properties and complex appraisals can add time in El Dorado County.