Question 1

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

Accepted Answer

Minimum 620 credit qualifies you. Scores above 740 get the best rates and easiest approvals with lower down payments.

Question 2

Can I get a conventional loan on a property with a well and septic?

Accepted Answer

Yes, but you'll need inspection reports confirming the well produces adequate flow and the septic system meets capacity requirements. Budget $500-800 for these inspections.

Question 3

How much down payment do I need in San Joaquin?

Accepted Answer

Conventional loans allow 3% down but most San Joaquin buyers put down 10-20%. Higher down payments eliminate PMI and improve your rate.

Question 4

Why does my San Joaquin appraisal take longer than in Fresno?

Accepted Answer

Fewer comparable sales exist in rural areas. Appraisers search wider geographic areas to find similar properties, adding 1-2 weeks to the timeline.

Question 5

Do lenders treat ag-zoned properties differently?

Accepted Answer

Many lenders add restrictions or won't finance homes on active farmland. We know which lenders approve these properties without extra overlays.

Question 6

When can I remove PMI from my conventional loan?

Accepted Answer

PMI automatically drops at 78% loan-to-value. You can request removal at 80% LTV with an appraisal showing your home's current value.

Conventional Loans in San Joaquin: Flexible Financing for Central Valley Buyers