Question 1

What is the conforming loan limit in Imperial County?

Accepted Answer

Imperial County uses the standard California conforming limit set by Fannie Mae and Freddie Mac. Most Westmorland properties fall well under that ceiling.

Question 2

Can I get a conforming loan with a 620 credit score?

Accepted Answer

Yes, 620 is the floor for most conforming loans. Expect higher rates — scores above 740 get significantly better pricing.

Question 3

Do conforming loans work for agricultural workers in Westmorland?

Accepted Answer

Yes, but seasonal or variable income needs two years of tax returns. Lenders average your income, so a strong two-year history matters.

Question 4

Is PMI required on conforming loans?

Accepted Answer

Only if your down payment is under 20%. Unlike FHA, you can cancel PMI once you reach 20% equity in the home.

Question 5

How do conforming loans compare to FHA in Westmorland?

Accepted Answer

Conforming wins on rate for borrowers with solid credit. FHA makes more sense if your score is below 660 or your down payment is thin.

Conforming Loans in Westmorland, CA