Question 1

What's the conforming loan limit in Madera County for 2026?

Accepted Answer

The 2026 conforming limit is $832,750. Loans above this require jumbo financing.

Question 2

Is Madera County an FHA high-cost area?

Accepted Answer

No. Madera County is not designated as an FHA high-cost area.

Question 3

What's the FHA loan limit in Madera County?

Accepted Answer

The 2026 FHA limit is $541,287. This is the maximum for FHA borrowers here.

Question 4

Is Madera County a VA high-cost area?

Accepted Answer

No. Madera County is not a VA high-cost area. Standard VA limits apply.

Question 5

How much do I need to put down on a conventional loan?

Accepted Answer

Conventional loans typically require 3% to 5% down for first-time buyers. With 20% down, you avoid PMI entirely.

Question 6

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require 620 or higher for conventional loans. Better rates typically start around 680.

Question 7

Do I need PMI if I put down 20%?

Accepted Answer

Yes — 20% down is the only way to skip PMI on a conventional loan. Below 20%, PMI applies until you reach 78% LTV.

Question 8

How does the high-speed rail project affect Madera's real estate market?

Accepted Answer

The Merced-to-Madera high-speed rail construction represents major regional infrastructure investment. This typically increases property values over time.

Question 9

What does Valley Children's Hospital's expansion mean for home values?

Accepted Answer

The $73 million ambulatory pavilion expansion adds medical jobs to Madera. Major employer growth usually supports stable home values.

Question 10

Can I get a VA loan with zero down in Madera?

Accepted Answer

Yes. VA loans allow zero-down financing for eligible veterans and active duty. You'll need a Certificate of Eligibility.

Question 11

What's the VA funding fee on a zero-down loan?

Accepted Answer

The VA funding fee is 2.15% of the loan amount on your first purchase. This fee rolls into your loan balance.

Question 12

Can I use an FHA loan to buy in Madera?

Accepted Answer

Yes. FHA loans are available in Madera County up to $541,287. You need 580+ FICO and 3.5% down minimum.

Question 13

What's the FHA mortgage insurance cost?

Accepted Answer

FHA upfront mortgage insurance is 1.75% of the loan amount. Annual MIP runs for life if you put down less than 10%.

Question 14

What income do I need to qualify in Madera County?

Accepted Answer

Income requirements vary by loan type and down payment. Lenders typically want your housing payment under 28% of gross income.

Question 15

How long does it take to close a home loan in Madera?

Accepted Answer

Most conventional loans close in 30 to 45 days. FHA and VA loans may take 45 to 60 days.

Madera home loan questions answered