Question 1

What is the conforming loan limit in Napa County?

Accepted Answer

Napa County is a high-cost area, so limits exceed the national baseline. Check the current FHFA limits — they adjust annually.

Question 2

Can I use a conforming loan for a wine country investment property?

Accepted Answer

Yes, but investment properties require at least 15-25% down. Rates are also higher than on a primary residence.

Question 3

What credit score do I need for the best conforming rate?

Accepted Answer

740 or higher gets you top-tier pricing. Below 700 and you'll see meaningful rate adjustments.

Question 4

How is a conforming loan different from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Jumbo loans are conventional but exceed conforming limits.

Question 5

Is PMI permanent on a conforming loan?

Accepted Answer

No. Once you reach 20% equity, you can request PMI removal. It cancels automatically at 22% equity by law.

Question 6

Does self-employment affect my conforming loan approval in American Canyon?

Accepted Answer

It adds documentation requirements. Lenders typically average your last two years of tax returns to calculate qualifying income.

Conforming Loans in American Canyon, CA