Question 1

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

Accepted Answer

The minimum is 620. But 740+ gets you the best rate tiers — the difference in payment is significant on an Orange County purchase.

Question 2

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes. Put 20% down and PMI never appears. Or reach 20% equity later and request removal — conventional allows that, FHA usually doesn't.

Question 3

How does a conventional loan compare to FHA in Cypress?

Accepted Answer

Conventional is cheaper long-term for qualified borrowers. FHA carries mandatory insurance that's harder to remove after closing.

Question 4

What's the conforming loan limit for Orange County?

Accepted Answer

Orange County qualifies for high-cost conforming limits. Confirm the current limit with us — going over means jumbo pricing applies.

Question 5

Are conventional rates negotiable through a broker?

Accepted Answer

Not negotiable, but shoppable. We run your profile across 200+ wholesale lenders and present the best-priced option for your scenario.

Question 6

How fast can a conventional loan close in Cypress?

Accepted Answer

Typically 21-30 days with a complete file. Clean W-2 income and good credit move the fastest through underwriting.

Conventional Loans in Cypress, CA — Competitive Rates, Real Options