Question 1

What is the conforming loan limit in Napa County?

Accepted Answer

Napa County follows standard California conforming limits. Most St. Helena purchases exceed that ceiling and require jumbo financing.

Question 2

Can I use a conventional loan on a property with a vineyard?

Accepted Answer

Yes, but lender eligibility varies. Some lenders exclude properties where agricultural income is tied to the land's value.

Question 3

How does PMI work on a conventional loan?

Accepted Answer

PMI is required when you put down less than 20%. It cancels automatically when you reach 20% equity based on original value.

Question 4

Do conventional loans work for second homes in St. Helena?

Accepted Answer

Yes. Second home conventional financing requires at least 10% down and slightly higher rates than primary residence loans.

Question 5

What credit score gets the best conventional rate?

Accepted Answer

740 and above puts you in the top pricing tier. Every 20-point drop below that typically raises your rate. Rates vary by borrower profile and market conditions.

Question 6

Why does my self-employment income hurt my conventional approval?

Accepted Answer

Conventional guidelines use net taxable income from Schedule C or K-1. Heavy deductions reduce qualifying income even if cash flow is strong.

Conventional Loans in St. Helena, CA