Question 1

What is the conforming loan limit for Humboldt County?

Accepted Answer

Humboldt County uses the standard conforming limit set annually by the FHFA. Loans above that limit require jumbo financing with stricter requirements.

Question 2

Do conforming loans work for older homes in Ferndale?

Accepted Answer

Yes, but the home must meet Fannie Mae property condition standards. Victorian-era homes with deferred maintenance can require repairs before closing.

Question 3

How much do I need to put down?

Accepted Answer

First-time buyers can put as little as 3% down. Less than 20% means you'll pay PMI until you build enough equity.

Question 4

Can self-employed borrowers use a conforming loan?

Accepted Answer

Yes, but expect to provide 2 years of tax returns and a year-to-date P&L. Fannie Mae averages your income — a bad year pulls down your qualifying number.

Question 5

Is Ferndale considered rural by lenders?

Accepted Answer

Many lenders treat it as rural, which can add overlays. Work with a broker who has lenders comfortable with Humboldt County properties.

Conforming Loans in Ferndale, CA