Loading
Loading
Loomis sits in Placer County, one of the stronger housing markets in the Sacramento foothills. Conforming loans are the most common financing tool here.
HousingWire flagged the 30-year fixed hitting 6.57% — that rate pressure makes lender shopping more important than ever for Loomis buyers. Rates vary by borrower profile and market conditions.
620
Min Credit Score
3%
Min Down Payment
45%
Max DTI
6.57% (Apr 2026)
30-Year Fixed
Conforming Loans in Loomis
Most lenders want a 620 minimum credit score for conforming loans. A 740+ score gets you the best pricing tiers.
Debt-to-income ratio — your monthly debts divided by gross income — needs to stay under 45%. Down payment can be as low as 3% for first-time buyers.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Loomis.
Loomis sits in Placer County, one of the stronger housing markets in the Sacramento foothills. Conforming loans are the most common financing tool here.
HousingWire flagged the 30-year fixed hitting 6.57% — that rate pressure makes lender shopping more important than ever for Loomis buyers. Rates vary by borrower profile and market conditions.
Most lenders want a 620 minimum credit score for conforming loans. A 740+ score gets you the best pricing tiers.
Conforming loans trade on the secondary market through Fannie Mae and Freddie Mac. That means lenders compete hard on price — but rates still vary significantly.
We shop 200+ wholesale lenders for every Loomis file. A quarter-point rate difference on a $550K loan adds up to real money over 30 years.
The biggest mistake I see Loomis buyers make — going straight to their bank. Retail banks price conforming loans for convenience, not competition.
Loan-level price adjustments hit harder than most buyers expect. Your rate is built from your credit score, LTV, and property type — not just a posted rate.
FHA loans allow lower credit scores but add mortgage insurance that never drops without a refinance. Conforming loans drop PMI once you hit 20% equity.
Jumbo loans kick in above the conforming limit. If your Loomis purchase stays within limits, conforming is almost always the cheaper path.
Loomis properties often include acreage, horses, or outbuildings. Conforming guidelines have specific rules for mixed-use or agricultural features — flag these early.
Placer County appraisals can be tricky with rural comps. A strong appraisal strategy is part of getting a conforming loan closed without surprises.
Placer County follows the standard conforming limit set by the FHFA each year. Loans above that limit require jumbo financing with different guidelines.
Yes, but the property must be primarily residential. Fannie Mae has specific rules about agricultural use — we review this before you apply.
PMI — private mortgage insurance — is required below 20% down. It cancels automatically once your equity reaches 20% based on the original value.
740 and above unlocks the best pricing tiers. Scores between 620 and 739 still qualify but carry higher loan-level price adjustments.
Conforming is a subset of conventional. All conforming loans are conventional, but conventional loans above the limit are jumbo — not conforming.