Question 1

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

Accepted Answer

Most lenders require at least 620. Scores above 740 get the best rate pricing available.

Question 2

Can I avoid PMI with a conventional loan?

Accepted Answer

Yes. Put 20% down and PMI never applies. It also falls off once you reach 20% equity.

Question 3

How do conventional loans compare to FHA in Monterey County?

Accepted Answer

Conventional works better for stronger credit profiles. FHA suits buyers with lower scores or smaller down payments.

Question 4

Are rates higher for conventional loans right now?

Accepted Answer

Rates vary by borrower profile and market conditions. As of April 2026, the 30-year fixed is near 6.57% per HousingWire.

Question 5

Does Sand City have a conforming loan limit I should know about?

Accepted Answer

Monterey County follows California's high-cost conforming limits. Ask us for the current figure before you shop.

Question 6

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

Accepted Answer

Brokers access wholesale lenders banks can't offer you directly. That often means lower rates on the same loan product.

Conventional Loans in Sand City, CA