Question 1

What is the conforming loan limit for Mendocino County?

Accepted Answer

Mendocino County uses the standard conforming limit set annually by the FHFA. Check current limits before you shop — they adjust each year.

Question 2

Can I use a conforming loan to buy a vacation home in Fort Bragg?

Accepted Answer

Yes, but second-home loans carry pricing adjustments. Expect a higher rate than a primary residence loan.

Question 3

Does short-term rental income help me qualify?

Accepted Answer

Conforming guidelines are strict on rental income. Most lenders require a two-year history reported on tax returns.

Question 4

What credit score do I need for the best conforming rates?

Accepted Answer

Pricing tiers start improving at 680 and again at 740. Below 680, your rate gets expensive fast.

Question 5

How does PMI work on a conforming loan?

Accepted Answer

PMI is required below 20% down. It cancels automatically once you reach 20% equity based on original value.

Question 6

Is a 30-year fixed always the right conforming product here?

Accepted Answer

Not always. ARMs can make sense for buyers with shorter time horizons. Talk through your hold period before committing.

Conforming Loans in Fort Bragg, CA