Question 1

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

Accepted Answer

Minimum is 620. Scores of 740+ get the best rates and lowest PMI costs.

Question 2

Can I buy land or a rural property with a conventional loan?

Accepted Answer

Some rural properties qualify, but acreage and mixed-use parcels need specific lender approval. Not every lender will touch them.

Question 3

Do conventional loans have income limits in Lassen County?

Accepted Answer

Standard conventional loans have no income caps. Some 3% down programs do carry limits — ask about your specific scenario.

Question 4

How does PMI work on a conventional loan?

Accepted Answer

PMI is required below 20% down. Unlike FHA, it cancels automatically once you reach 20% equity.

Question 5

Is a 30-year fixed or ARM better in Susanville right now?

Accepted Answer

Depends on your timeline. ARMs price lower upfront but carry rate risk. As of April 2026, rates vary — lock strategy matters.

Conventional Loans in Susanville, CA