Question 1

What's the conforming loan limit in Fresno County for 2026?

Accepted Answer

The 2026 conforming limit is $832,750. Loans above that amount require jumbo financing, which typically demands 20% down and stronger credit.

Question 2

Can I get an FHA loan in Clovis?

Accepted Answer

Yes. FHA loans are available in Fresno County with a 3.5% down minimum and a 580+ FICO requirement. The FHA limit here is $541,287 for 2026.

Question 3

Is Fresno County an FHA high-cost area?

Accepted Answer

No. Fresno County is a standard-cost FHA area, so the standard upfront mortgage insurance and annual rates apply.

Question 4

Can I buy with a VA loan in Clovis?

Accepted Answer

Yes. VA loans are available with zero down for eligible veterans and active duty. The VA limit in Fresno County is $832,750 for 2026.

Question 5

Is Fresno County a VA high-cost area?

Accepted Answer

No. Fresno County is a standard-cost VA area, so standard VA funding fees and rates apply.

Question 6

What credit score do I need to qualify?

Accepted Answer

Conventional loans typically require 620+ FICO. FHA accepts 580+ FICO. VA has no hard floor but most lenders prefer 620+.

Question 7

How much down payment do I need?

Accepted Answer

Conventional buyers typically put 5% to 10% down. FHA requires 3.5% minimum. VA allows zero down for eligible borrowers.

Question 8

What does the Fresno County median income tell me?

Accepted Answer

Fresno County's median household income is $71,434. This helps you understand what typical local buyers earn and what price range fits the market.

Question 9

How does Tower District Porchfest affect the Clovis market?

Accepted Answer

Tower District's annual Porchfest with 400+ performances signals an active cultural scene. Proximity to that energy can influence property values and buyer interest in nearby neighborhoods.

Question 10

Do I need 20% down to avoid PMI on a conventional loan?

Accepted Answer

Yes. At 20% down (80% LTV), PMI drops off entirely. Below 20% down, PMI applies until you reach 78% LTV or request cancellation at 80% LTV.

Question 11

How long does mortgage insurance stay on an FHA loan?

Accepted Answer

If you put down less than 10%, mortgage insurance runs for the life of the loan. With 10%+ down, it cancels after 11 years.

Question 12

What's the upfront cost on an FHA loan?

Accepted Answer

FHA charges 1.75% upfront mortgage insurance on the loan amount. This rolls into your loan balance at closing.

Question 13

Can I use USDA financing in Clovis?

Accepted Answer

USDA loans are available in eligible rural areas near Clovis with zero down and income limits. Eligibility depends on property location and household size. Check USDA's published cap for this county.

Question 14

What's the difference between jumbo and conforming rates?

Accepted Answer

Jumbo loans typically run 0.125% to 0.5% above conforming rates. They require 20% down and stronger reserves than conventional loans.

Clovis mortgage questions answered