Question 1

What is the conforming loan limit in San Anselmo for 2026?

Accepted Answer

The 2026 conforming limit is $1,249,125. Loans above this amount are jumbo and require stricter qualification.

Question 2

Do I need 20% down to avoid PMI on a conventional loan?

Accepted Answer

Yes — 20% down (80% LTV) skips PMI entirely. Below 20% down, PMI applies until you reach 78% LTV through paydown.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require 620 FICO minimum for conventional loans. Scores above 740 typically qualify for better rates.

Question 4

Is San Anselmo an FHA high-cost area?

Accepted Answer

Yes. San Anselmo is an FHA high-cost area. The FHA limit here matches the conforming limit of $1,249,125 for 2026.

Question 5

Can I get a VA loan with zero down in San Anselmo?

Accepted Answer

Yes — VA loans allow zero-down financing for eligible veterans and active-duty service members. San Anselmo is a VA high-cost area with a $1,249,125 limit in 2026.

Question 6

What is the VA funding fee and when is it waived?

Accepted Answer

The VA funding fee is 2.15% at zero down on first use. It's waived only if you have a VA disability rating of 10% or higher.

Question 7

How does FHA mortgage insurance work?

Accepted Answer

FHA requires upfront mortgage insurance of 1.75% of the loan amount. Annual premiums apply; if down payment is under 10%, MIP runs for the life of the loan.

Question 8

What does the new Marin mountaintop access mean for San Anselmo?

Accepted Answer

Public access to previously private open space increases recreation appeal. This supports long-term desirability for families and outdoor enthusiasts in the area.

Question 9

How much income do I need to qualify in San Anselmo?

Accepted Answer

Marin County's median household income is $142,785. Most lenders use a debt-to-income ratio of 43% to 50% for qualification.

Question 10

What's the difference between jumbo and conforming loans?

Accepted Answer

Jumbo loans exceed $1,249,125 and typically require 20% down and 700+ FICO. Rates usually run 0.125% to 0.5% above conforming.

Question 11

Can I use a USDA loan in San Anselmo?

Accepted Answer

USDA loans require properties in USDA-eligible rural areas. San Anselmo is in an urban/suburban Marin location and typically does not qualify.

Question 12

How long does closing take in San Anselmo?

Accepted Answer

Conventional loans close in 30 to 45 days. FHA and VA loans may take 45 to 60 days due to additional verification steps.

Question 13

What closing costs should I expect?

Accepted Answer

Closing costs typically range from 2% to 5% of the loan amount. This includes appraisal, title, underwriting, and lender fees.

Question 14

Can I lock my interest rate?

Accepted Answer

Yes. Most lenders offer rate locks from 15 to 60 days. Longer locks may carry a slightly higher rate.

Question 15

What's happening with Point Reyes Station near San Anselmo?

Accepted Answer

A tech entrepreneur is investing millions to preserve Point Reyes Station's historic character. This nearby development may influence regional property appeal and growth patterns.

San Anselmo mortgage FAQ for Marin County buyers