Question 1

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

Accepted Answer

Lenders require a 620 minimum. You need 740 or above to hit the best rate tiers.

Question 2

Can I avoid PMI on a conventional loan?

Accepted Answer

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

Question 3

How do Orange County conforming limits affect my loan?

Accepted Answer

Orange County limits are above the national baseline. More purchases in Buena Park stay under the conventional threshold.

Question 4

Is a conventional loan better than FHA in Buena Park?

Accepted Answer

For buyers with 620+ credit and 5%+ down, conventional usually wins. FHA MIP lasts the full loan term.

Question 5

Do conventional loans work for condos in Buena Park?

Accepted Answer

They can. The condo complex must pass lender approval — HOA finances and owner-occupancy ratios both get reviewed.

Conventional Loans in Buena Park, CA