Loading
Loading
Susanville sits in a lower-cost California market. That works in your favor with conforming loans.
The 2026 conforming loan limit for most single-family homes is $832,750. Most Susanville purchases fall well under that ceiling.
$832,750
2026 Loan Limit
620
Min Credit Score
3%
Min Down Payment
Rates vary
30-Year Fixed Rate
Conforming Loans in Susanville
You need a 620 minimum credit score. Most lenders want 640+ for best pricing.
Down payment starts at 3% for first-time buyers. Repeat buyers typically need 5% minimum.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Susanville.
Susanville sits in a lower-cost California market. That works in your favor with conforming loans.
The 2026 conforming loan limit for most single-family homes is $832,750. Most Susanville purchases fall well under that ceiling.
You need a 620 minimum credit score. Most lenders want 640+ for best pricing.
Conforming loans are the most widely available mortgage product. Nearly every lender offers them.
That competition is good for you. Rates and fees vary significantly across lenders — even on identical loan scenarios.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. Rate sensitivity is real right now.
In a market like Susanville, small rate differences matter more. Loan amounts are modest, so overpaying on rate still costs you thousands over time.
FHA loans accept lower credit scores but add mortgage insurance for the life of the loan. Conforming loans drop PMI once you hit 20% equity.
ARMs offer lower initial rates but add payment risk. For a Susanville primary home, most buyers are better served by a fixed conforming loan.
Lassen County is a rural area. Some lenders apply overlays — extra internal requirements — on rural properties. Not all do.
Property condition matters here. Older homes in Susanville need to appraise cleanly. Deferred maintenance can kill a conforming appraisal fast.
The 2026 limit is $832,750 for a single-family home. Most Susanville purchases fall well below that.
Yes, 620 is the floor. Scores below 680 usually mean higher rates, so improving your score before applying saves real money.
Only if you put down less than 20%. PMI cancels automatically once your equity reaches 20%.
Some lenders add overlays for rural properties. Working with a broker gives you access to lenders without those restrictions.
W-2 employees typically need two years of tax returns and 30 days of pay stubs. Self-employed borrowers need two years of full returns.