Question 1

What's the conforming loan limit in Greenfield?

Accepted Answer

The 2024 limit is $766,550 for single-family homes. Most Greenfield properties fall well below this threshold.

Question 2

Can I use a conforming loan on a home with acreage?

Accepted Answer

Yes, as long as the property is primarily residential. Working farmland may require commercial financing instead.

Question 3

How long does conforming loan approval take?

Accepted Answer

Typical timeline is 21-30 days from application to closing. Clean documentation speeds this up considerably.

Question 4

Do I need perfect credit for conforming rates?

Accepted Answer

No, but 680+ gets you optimal pricing. Below 680 you'll pay rate adjustments that add to monthly costs.

Question 5

Can agricultural workers qualify for conforming loans?

Accepted Answer

Absolutely, if they have W-2 income and two-year employment history. Seasonal gaps are normal and workable.

Conforming Loans in Greenfield — Fast Approvals for Monterey County Buyers