Question 1

What credit score do I need for a conventional loan in Apple Valley?

Accepted Answer

Most lenders require a 620 minimum. A 740+ score gets you the best pricing and avoids higher PMI tiers.

Question 2

Can I avoid PMI on a conventional loan here?

Accepted Answer

Yes — put 20% down and PMI never applies. You can also request cancellation once you hit 80% LTV through appreciation or paydown.

Question 3

How do Apple Valley home prices affect loan sizing?

Accepted Answer

Most homes here fall under the conforming loan limit. That keeps you in standard conventional territory without jumbo requirements.

Question 4

Is a conventional loan better than FHA in Apple Valley?

Accepted Answer

For buyers with 700+ credit scores and 5%+ down, conventional usually wins. FHA makes more sense below that credit threshold.

Question 5

How long does a conventional loan take to close?

Accepted Answer

Typically 21 to 30 days. Having docs ready upfront — tax returns, pay stubs, bank statements — keeps the timeline tight.

Conventional Loans in Apple Valley, CA