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Coalinga sits in western Fresno County where home prices stay well below state averages. That makes conforming loans a natural fit here.
Conforming loans follow Fannie Mae and Freddie Mac guidelines. They give you access to the best rates most buyers will ever see.
620
Min Credit Score
3%
Min Down Payment
45%
Max DTI
Fixed or ARM
Rate Type
At 20% equity
PMI Cancellation
Conforming Loans in Coalinga
Most lenders want a 620 credit score minimum for conforming loans. Score above 740 and you the best pricing tiers.
You'll need a debt-to-income ratio at or below 45%. Down payment starts at 3% for qualifying first-time buyers.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Coalinga.
Coalinga sits in western Fresno County where home prices stay well below state averages. That makes conforming loans a natural fit here.
Conforming loans follow Fannie Mae and Freddie Mac guidelines. They give you access to the best rates most buyers will ever see.
Most lenders want a 620 credit score minimum for conforming loans. Score above 740 and you the best pricing tiers.
SRK CAPITAL shops conforming loans across 200+ wholesale lenders. Retail banks give you one rate. We give you a comparison.
Wholesale pricing on conforming products is almost always sharper than what you'd get walking into a branch in Fresno.
Conforming loans price off the same mortgage-backed securities. That means rate differences between lenders come down to margin and overlays.
Some lenders add credit overlays — stricter rules on top of Fannie/Freddie minimums. We know which ones don't, and we steer you there.
FHA loans have lower credit requirements but add mortgage insurance that sticks longer. Conforming loans drop PMI once you hit 20% equity.
Jumbo loans kick in above the conforming limit. In Coalinga, most purchases stay well under that ceiling — conforming wins on cost.
Coalinga's agricultural economy means some buyers have seasonal or self-employed income. Conforming loans work best with steady W-2 documentation.
As of April 2026, the Fresno County conforming limit covers the vast majority of homes trading in Coalinga. You likely won't hit the ceiling.
Fresno County follows the standard national conforming limit set annually by the FHFA. Most Coalinga purchases fall well under that ceiling.
Yes, if you qualify as a first-time buyer under Fannie Mae or Freddie Mac guidelines. Credit score and income still have to meet minimums.
PMI — private mortgage insurance — is required below 20% down. It cancels once your equity hits 20%, unlike FHA mortgage insurance.
Yes. Fannie Mae and Freddie Mac use risk-based pricing. Higher scores get lower rates. Rates vary by borrower profile and market conditions.
For buyers above 680 credit, conforming loans usually cost less over time. FHA makes more sense when credit is between 580 and 660.
Conforming loans require standard income docs. Self-employed buyers with complex returns often fit better in a bank statement or non-QM product.