Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

San Bernardino County follows the standard conforming limit set by the FHFA each year. Ask us for the current figure — it changes annually and directly affects what you can borrow.

Question 2

Can I use a conforming loan to buy a new construction home in Chino?

Accepted Answer

Yes. Conforming loans work for new construction. Timing the appraisal correctly matters — we coordinate that with builders regularly.

Question 3

How does PMI work on a conforming loan?

Accepted Answer

PMI is required when you put down less than 20%. Once you reach 20% equity, you can request cancellation — unlike FHA insurance.

Question 4

Do I need perfect credit for a conforming loan?

Accepted Answer

No. Lenders approve conforming loans at 620. But pricing improves significantly at 680, 700, and 740. Your score directly affects your rate.

Question 5

Is a conforming loan the same as a conventional loan?

Accepted Answer

Conforming loans are a subset of conventional loans. They follow Fannie Mae and Freddie Mac guidelines and stay within loan limits. Not all conventional loans are conforming.

Question 6

How long does a conforming loan take to close in Chino?

Accepted Answer

Most conforming loans close in 21 to 30 days with a complete file. Delays usually come from appraisal scheduling or missing documents — not the loan program itself.

Conforming Loans in Chino, CA — Best Rates, Real Approvals