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Hollister sits in San Benito County — smaller market, less competition than the Bay Area, real opportunity for qualified buyers.
Conventional loans are the workhorse here. No government backing, but better rates and fewer restrictions for strong borrowers.
620
Min Credit Score
3%
Min Down Payment
20% Down
PMI Eliminated At
740+ Credit Score
Best Rate Tier
Conventional Loans in Hollister
Most lenders want a 620 minimum credit score. To get the best pricing, aim for 740 or higher.
You'll need 3% down on a standard conventional loan. Put 20% down and you skip private mortgage insurance entirely.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Hollister.
Hollister sits in San Benito County — smaller market, less competition than the Bay Area, real opportunity for qualified buyers.
Conventional loans are the workhorse here. No government backing, but better rates and fewer restrictions for strong borrowers.
Most lenders want a 620 minimum credit score. To get the best pricing, aim for 740 or higher.
HousingWire flagged the 30-year fixed hitting 6.57% — applications dropped over 10% in a week. Rate sensitivity is real right now.
That rate pressure is exactly why shopping across lenders matters. We run your file through 200+ wholesale lenders to find the sharpest conventional pricing available.
Hollister buyers sometimes overlook conventional loans and default to FHA. That's often a mistake for anyone with decent credit.
On a $550,000 purchase, a conventional loan at 740+ credit will almost always beat FHA on total monthly cost — once you factor in FHA's lifetime mortgage insurance.
FHA loans require as little as 3.5% down and accept lower credit scores. But they carry upfront and annual mortgage insurance that doesn't go away.
Jumbo loans kick in above conforming limits. If your purchase stays under the conforming cap, conventional is almost always the cleaner option.
San Benito County is a USDA-eligible area in many zones. Some buyers qualify for zero-down USDA loans — worth checking before committing to conventional.
Hollister's relatively lower price points mean many buyers stay well within conforming loan limits. That keeps rates tighter and approval cleaner.
Lenders require a 620 minimum. For the best rates in this range, target 740 or above.
Yes. Put 20% down at closing and no PMI is required. It also cancels automatically at 80% loan-to-value.
FHA allows lower credit scores but carries permanent mortgage insurance. Conventional is cheaper long-term for strong-credit borrowers.
For most Hollister purchases, yes. Staying under the conforming limit keeps rates sharper and approval more straightforward.
No. Conventional loans are available to all buyers. First-time buyers may access 3% down programs specifically.