Question 1

What is the conforming loan limit for San Benito County?

Accepted Answer

San Benito County uses the standard FHFA baseline limit. Check the current year's FHFA announcement — limits are updated annually.

Question 2

Can I get a conforming loan with less than 20% down?

Accepted Answer

Yes. Conforming loans allow as little as 3% down. You'll pay PMI until your equity hits 20%.

Question 3

How is a conforming loan different from a jumbo loan?

Accepted Answer

Conforming loans stay within FHFA limits and get sold to Fannie or Freddie. Jumbo loans exceed those limits and carry stricter requirements.

Question 4

What credit score do I need for a conforming loan in San Juan Bautista?

Accepted Answer

Lenders require a minimum 620 score. Scores at 740 or above get the best pricing.

Question 5

Is a conforming loan better than an FHA loan here?

Accepted Answer

For buyers with solid credit and at least 5% down, conforming usually wins. FHA MIP costs more long-term in most scenarios.

Conforming Loans in San Juan Bautista, CA