Question 1

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

Accepted Answer

Minimum is 620. Score above 740 gets you the best pricing available.

Question 2

Can I use a conventional loan on a property with acreage?

Accepted Answer

Yes, but lenders scrutinize mixed-use or agricultural land. A clean residential appraisal is key.

Question 3

How does PMI work on a conventional loan?

Accepted Answer

PMI is required below 20% down. It cancels automatically when you reach 20% equity.

Question 4

Are conventional loan rates higher in rural areas like Willits?

Accepted Answer

Location alone doesn't raise your rate. Credit score, LTV, and loan size drive pricing. Rates vary by borrower profile and market conditions.

Question 5

What's the loan limit for conventional loans in Mendocino County?

Accepted Answer

Mendocino County follows the standard conforming limit. Most Willits purchases fall well within that range.

Conventional Loans in Willits, CA — Flexible Financing for Qualified Buyers