Question 1

What is the conforming loan limit in Lassen County?

Accepted Answer

The 2026 single-family conforming limit in Lassen County is $806,500. Anything above that requires a jumbo loan.

Question 2

Do jumbo loans have higher interest rates than conventional?

Accepted Answer

Not always — it depends on the lender and your profile. Rates vary by borrower profile and market conditions.

Question 3

Can I get a jumbo loan with 10% down?

Accepted Answer

Some lenders allow it, but 20% down is more common and gets you better pricing. Reserves matter just as much as down payment.

Question 4

Do conventional loans require mortgage insurance?

Accepted Answer

Yes, if you put less than 20% down. PMI is cancellable once you reach 20% equity. Jumbo loans typically have no PMI.

Question 5

Which loan closes faster in Susanville?

Accepted Answer

Conventional loans close faster. Jumbo loans involve manual underwriting and more documentation review — budget extra time.

Question 6

What credit score do I need for each loan type?

Accepted Answer

Conventional typically requires a 620 minimum. Most jumbo lenders want 700 or higher, sometimes 720 for the best rates.

Conventional vs Jumbo Loans in Susanville, CA