Question 1

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

Accepted Answer

The minimum is 620, but 740+ gets you into the best pricing tiers. Most Fountain Valley buyers I work with are at or above 700.

Question 2

Can I avoid PMI with a conventional loan?

Accepted Answer

Yes — put down 20% and PMI never appears. You can also remove it later once you reach 20% equity through payments or appreciation.

Question 3

What's the conforming loan limit in Orange County?

Accepted Answer

Orange County is a high-cost area. The conforming limit is $806,500 for 2025 — above that, you're into jumbo territory.

Question 4

Is a conventional loan better than FHA in Fountain Valley?

Accepted Answer

For borrowers above 680, conventional usually wins on total cost. FHA adds insurance that doesn't cancel the way PMI does.

Question 5

How much down payment do I need for a conventional loan?

Accepted Answer

As little as 3% for first-time buyers on a conforming conventional loan. More down lowers your rate and eliminates PMI faster.

Question 6

How long does a conventional loan take to close in Fountain Valley?

Accepted Answer

Typically 21-30 days with clean documentation. Getting fully underwritten before you write an offer can shorten that timeline.

Conventional Loans in Fountain Valley, CA