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Chino sits in San Bernardino County, where home prices have stayed within conforming loan limits for most buyers. That's a real advantage — conforming loans carry the lowest rates available to conventional borrowers.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. For Chino buyers locked into a conforming loan, that rate environment still beats jumbo and non-QM alternatives. Rates vary by borrower profile and market conditions.
620
Min Credit Score
3%
Min Down Payment
45%
Max DTI
6.57% (4/2/26)
30-Year Fixed
21–30 days
Typical Close Time
Conforming Loans in Chino
Fannie Mae and Freddie Mac set the rules. You need a 620 minimum credit score, though 740+ gets you the best pricing. Debt-to-income ratio — your monthly debts divided by gross income — should stay under 45%.
Down payment starts at 3% for first-time buyers. Put down 20% and you skip private mortgage insurance entirely. W-2 borrowers with clean tax returns move through underwriting fastest.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Chino.
Chino sits in San Bernardino County, where home prices have stayed within conforming loan limits for most buyers. That's a real advantage — conforming loans carry the lowest rates available to conventional borrowers.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. For Chino buyers locked into a conforming loan, that rate environment still beats jumbo and non-QM alternatives. Rates vary by borrower profile and market conditions.
Fannie Mae and Freddie Mac set the rules. You need a 620 minimum credit score, though 740+ gets you the best pricing. Debt-to-income ratio — your monthly debts divided by gross income — should stay under 45%.
Every big bank, credit union, and online lender offers conforming loans. That sounds like more options. In practice, their rates and overlays vary more than most borrowers expect.
We shop conforming loans across 200+ wholesale lenders. Retail banks quote one rate. We find where Fannie Mae and Freddie Mac pricing is actually cheapest for your specific file.
Most Chino buyers don't realize loan-level price adjustments — lender fees tied to your credit score and down payment — hit conforming loans hard between 660 and 719. A 740 score changes your pricing dramatically.
If your score sits at 718, it's worth a conversation about rapid rescore. A 22-point jump can save thousands over the loan term. That's not hypothetical — we see it work regularly.
FHA loans accept lower credit scores but add mortgage insurance for the loan's life. Conforming loans let you cancel PMI once you hit 20% equity. That difference adds up fast in Chino.
Jumbo loans kick in above conforming limits. Right now, most Chino purchases don't need one. If your loan amount stays under the county limit, a conforming loan will cost you less — full stop.
San Bernardino County's conforming loan limit applies across Chino. Single-family homes here frequently fall within that ceiling, making conforming the default — and smartest — choice for most purchases.
Chino's mix of newer construction and established neighborhoods means appraisals generally come in clean. That matters: a low appraisal on a conforming loan can force a larger down payment or a price renegotiation.
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.
Yes. Conforming loans work for new construction. Timing the appraisal correctly matters — we coordinate that with builders regularly.
PMI is required when you put down less than 20%. Once you reach 20% equity, you can request cancellation — unlike FHA insurance.
No. Lenders approve conforming loans at 620. But pricing improves significantly at 680, 700, and 740. Your score directly affects your rate.
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.
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.