Question 1

What is the conforming loan limit in Sacramento County for 2026?

Accepted Answer

The 2026 conforming limit is $832,750. Loans above that amount are jumbo and carry stricter qualification rules.

Question 2

Is Isleton in an FHA high-cost area?

Accepted Answer

Yes. Sacramento County is designated an FHA high-cost area for 2026. FHA loans cap at $764,750 instead of the standard conforming limit.

Question 3

What down payment do I need to buy in Isleton?

Accepted Answer

Conventional loans typically require 3% to 20% down. FHA requires 3.5% minimum with a 580+ credit score. VA offers zero down for eligible veterans.

Question 4

Do I need 20% down to avoid PMI?

Accepted Answer

Yes — 20% down (80% LTV) eliminates PMI on conventional loans. Below 20% down, PMI applies until you reach 78% LTV.

Question 5

What credit score do I need to qualify?

Accepted Answer

Conventional loans typically require 620+ FICO. FHA accepts 580+ FICO with 3.5% down. VA has no official minimum but most lenders want 620+.

Question 6

How does Sacramento County's median income affect my qualification?

Accepted Answer

Sacramento County's median household income is $88,724. USDA loans cap household income at the area-specific threshold for this county, scaled by family size.

Question 7

What is the FHA upfront mortgage insurance premium?

Accepted Answer

FHA charges 1.75% of the loan amount as an upfront MIP. This rolls into your loan balance. If you put down less than 10%, MIP runs for the life of the loan.

Question 8

Can I get a VA loan with zero down?

Accepted Answer

Yes — VA loans require zero down for eligible veterans, active duty, and surviving spouses with a Certificate of Eligibility. A funding fee applies instead of PMI.

Question 9

Does a VA disability rating affect my funding fee?

Accepted Answer

Yes. A VA disability rating of 10% or higher exempts you from the funding fee entirely. Without a disability rating, the funding fee applies.

Question 10

What is a jumbo loan and when do I need one?

Accepted Answer

A jumbo loan exceeds the conforming limit of $832,750. Jumbo loans typically require 700+ FICO, 20% down, and 6-12 months of liquid reserves.

Question 11

How long does it take to close a mortgage in Isleton?

Accepted Answer

Most conventional loans close in 30 to 45 days. FHA and VA loans may take 45 to 60 days due to additional appraisal and inspection requirements.

Question 12

What closing costs should I expect?

Accepted Answer

Closing costs typically run 2% to 5% of the loan amount. This includes appraisal, title, escrow, and lender fees. Your loan estimate will itemize all costs within three business days of application.

Question 13

Can I refinance my FHA loan later?

Accepted Answer

Yes. FHA streamline refinances allow you to refinance with minimal documentation. You must have made at least six on-time payments.

Isleton mortgage questions answered