Question 1

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

Accepted Answer

Lenders require a 620 minimum. You'll get the best rates at 740 or above.

Question 2

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes. Put 20% down and PMI never applies. It also cancels once you hit 80% loan-to-value.

Question 3

Do conventional loans work for Kings County agricultural properties?

Accepted Answer

It depends on the acreage and property type. Standard residential conventional works for typical homes with small lots.

Question 4

How does conventional compare to FHA in Hanford?

Accepted Answer

Conventional costs less long-term for borrowers with 680+ credit. FHA makes sense when credit or down payment is limited.

Question 5

What's the maximum loan amount for a conventional loan in Kings County?

Accepted Answer

Kings County follows the standard conforming limit. Check current Fannie Mae limits — they adjust annually.

Question 6

How long does a conventional loan take to close in Hanford?

Accepted Answer

Typically 21 to 30 days with complete documentation. Missing paperwork is the most common cause of delays.

Conventional Loans in Hanford, CA