Question 1

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

Accepted Answer

Most lenders require a 620 minimum. Scores above 740 get the best rates.

Question 2

Can I use seasonal farm income to qualify?

Accepted Answer

Yes. Lenders average two years of documented income. Consistent work history in the same field helps.

Question 3

Do I have to put 20% down on a conventional loan?

Accepted Answer

No. You can put as little as 3% down. Below 20%, you'll pay PMI until you reach 20% equity.

Question 4

How do conventional loans compare to FHA in Greenfield?

Accepted Answer

Conventional is usually cheaper long-term for borrowers with 680+ credit. FHA helps buyers with lower scores or limited down payment.

Question 5

What is the conforming loan limit for Monterey County?

Accepted Answer

Conforming limits are set annually by Fannie Mae and Freddie Mac. Ask us for the current Monterey County figure — it affects your loan pricing.

Conventional Loans in Greenfield, CA