Question 1

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

Accepted Answer

Minimum is 620. Rates improve significantly at 740+, so it's worth checking your score before applying.

Question 2

Can I avoid PMI on a conventional loan here?

Accepted Answer

Yes. Put 20% down at closing and PMI never appears. It also cancels automatically once you hit 20% equity.

Question 3

Are Imperial County home prices within conforming loan limits?

Accepted Answer

Most are. Imperial County pricing keeps the majority of purchases inside standard conforming limits — no jumbo needed.

Question 4

How does a conventional loan compare to FHA in Imperial?

Accepted Answer

FHA allows lower credit scores but adds long-term mortgage insurance. Conventional is cheaper overall for borrowers with strong credit.

Question 5

Does agricultural or seasonal income qualify for a conventional loan?

Accepted Answer

It can, but underwriters look hard at two-year history and consistency. Documentation needs to be airtight.

Conventional Loans in Imperial, CA