Question 1

What is the conforming loan limit for Merced County?

Accepted Answer

Merced County uses the baseline conforming limit set by the FHFA. Most Atwater home purchases fall within that ceiling without needing jumbo financing.

Question 2

Can I avoid PMI on a conforming loan in Atwater?

Accepted Answer

Yes. Put 20% down and PMI never applies. You can also request removal once your equity reaches 20% through appreciation or paydown.

Question 3

What credit score do I need for a conforming loan?

Accepted Answer

Lenders require a 620 minimum. Scores of 740 or higher get you the best rate tiers and the lowest PMI costs if applicable.

Question 4

How does a conforming loan differ from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Conforming means the loan meets Fannie Mae and Freddie Mac size and guideline requirements.

Question 5

Is a 30-year fixed or ARM better for Atwater buyers right now?

Accepted Answer

ARM demand has been shifting as rates fluctuate. For most Atwater buyers planning to stay long-term, the 30-year fixed offers more predictability.

Question 6

Why use a broker instead of a bank for a conforming loan?

Accepted Answer

Banks quote their own rate. We shop your file across 200+ wholesale lenders and find who's pricing conforming loans most aggressively that week.

Conforming Loans in Atwater, CA — Straightforward Financing at Competitive Rates