Question 1

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

Accepted Answer

Minimum is 620. You'll get the best rates at 740 or above — that's where pricing gets competitive.

Question 2

Can I avoid PMI on a conventional loan here?

Accepted Answer

Yes. Put 20% down at closing and PMI never applies. It also cancels once you reach 20% equity later.

Question 3

How do Napa County loan limits affect my purchase?

Accepted Answer

Napa County's conforming limit is higher than the national baseline. Most American Canyon purchases stay within it.

Question 4

Is conventional better than FHA for American Canyon buyers?

Accepted Answer

Usually yes, if your credit clears 680+. Conventional PMI goes away; FHA mortgage insurance often doesn't.

Question 5

How much do I need to put down as a first-time buyer?

Accepted Answer

As little as 3% on a conventional loan. You'll pay PMI until you hit 20% equity in the home.

Question 6

What if I'm self-employed in the Napa area?

Accepted Answer

Conventional requires two years of tax returns. Low reported income can be a problem — ask about bank statement loan options.

Conventional Loans in American Canyon, CA