Question 1

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

Accepted Answer

Minimum is 620. But 740+ gets you the best rates — the gap between 680 and 740 can move your rate noticeably.

Question 2

Can I put less than 20% down on a conventional loan?

Accepted Answer

Yes, some programs allow as little as 3% down. You'll pay PMI until you hit 20% equity, then it cancels.

Question 3

How do conventional loans compare to FHA in Imperial County?

Accepted Answer

If your credit is strong, conventional usually wins. FHA carries lifetime mortgage insurance — conventional PMI drops off.

Question 4

Are conventional loan limits high enough for Brawley home prices?

Accepted Answer

Yes. Imperial County home prices typically fall well within conforming loan limits. Jumbo financing is rarely needed here.

Question 5

Can self-employed buyers in Brawley use conventional loans?

Accepted Answer

Yes, but lenders want 2 years of tax returns. Net income after write-offs is what counts — not gross revenue.

Question 6

How long does conventional loan approval take in Brawley?

Accepted Answer

Typical timeline is 21-30 days. Thin appraisal comps in smaller markets can add time — plan for it.

Conventional Loans in Brawley, CA