Question 1

What is the conforming loan limit in Clovis for 2026?

Accepted Answer

Fresno County uses the standard conforming limit established annually by FHFA. This limit applies to most single-family home purchases in Clovis, with higher limits for multi-unit properties.

Question 2

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

Accepted Answer

Yes, conforming conventional loans allow down payments as low as 3% for qualified first-time buyers and 5% for repeat buyers. You will pay private mortgage insurance until reaching 20% equity.

Question 3

How long does conforming loan approval take in Clovis?

Accepted Answer

Most conforming loans close within 30-45 days from application to funding. Timeline depends on appraisal scheduling, documentation completeness, and whether you need condo approval or other special reviews.

Question 4

Do conforming loans require perfect credit?

Accepted Answer

No, but better credit scores unlock better rates. Minimum scores typically start at 620, while borrowers with 740+ scores access the lowest available rates. Rates vary by borrower profile and market conditions.

Question 5

Can self-employed borrowers in Clovis get conforming loans?

Accepted Answer

Yes, self-employed borrowers qualify using two years of tax returns showing consistent income. Lenders average your income and verify your business remains active. Additional documentation may be required for newer businesses.

Conforming Loans in Clovis: Competitive Rates for Traditional Homebuyers