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San Juan Bautista sits in San Benito County — a small, historic town with limited inventory and buyers who need to move fast.
Conventional loans compete well here. Sellers prefer them over FHA because there's no government appraisal overlay slowing the deal down.
620
Min Credit Score
3%
Min Down Payment
20% Equity
PMI Cancels At
6.57% (varies)
30-Yr Fixed (Ref.)
Conventional Loans in San Juan Bautista
Most conventional loans require a 620 minimum credit score. Better scores — 740 and above — get you the sharpest pricing.
Down payment starts at 3% for first-time buyers. 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 San Juan Bautista.
San Juan Bautista sits in San Benito County — a small, historic town with limited inventory and buyers who need to move fast.
Conventional loans compete well here. Sellers prefer them over FHA because there's no government appraisal overlay slowing the deal down.
Most conventional loans require a 620 minimum credit score. Better scores — 740 and above — get you the sharpest pricing.
San Juan Bautista is a small market. Most local banks won't have wholesale pricing — that's where a broker changes the math.
We shop conventional loans across 200+ wholesale lenders. That's how we find the rate your bank won't quote you.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. Rates vary by borrower profile and market conditions.
When volume drops like that, lenders compete harder for good files. A clean conventional borrower has real negotiating power right now.
FHA loans allow lower credit scores but add mortgage insurance for the life of the loan. Conventional PMI drops off once you hit 20% equity.
Jumbo kicks in above the conforming loan limit. If your purchase stays under that ceiling, conventional gives you better rates and fewer hoops.
San Benito County is a rural-adjacent market. Appraisals can be tricky — comparable sales are thin and values don't always support purchase price.
Pick a lender familiar with rural California comps. A bad appraisal on a conventional loan can kill a deal fast.
Most lenders set the floor at 620. You'll get meaningfully better rates at 740 or higher.
Yes — 3% down is available for qualifying first-time buyers. You'll pay PMI until you reach 20% equity.
Conventional appraisals have fewer conditions. Sellers see less risk of the deal falling apart over inspection flags.
We shop your file across 200+ wholesale lenders. That usually means lower rates than what a single retail bank offers.
They can be. Low sales volume means fewer comps. Work with a lender who knows rural California markets.