Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

San Bernardino County follows the standard national conforming limit set by Fannie Mae and Freddie Mac. Most Hesperia home purchases fall under that ceiling.

Question 2

Can I get a conforming loan with a 620 credit score?

Accepted Answer

Yes, 620 is the minimum for most conforming programs. Your rate will improve significantly if you can push that score above 700.

Question 3

Do I need 20% down for a conforming loan in Hesperia?

Accepted Answer

No. Conforming loans allow as little as 3% down. You'll pay PMI until you reach 20% equity, then it drops off.

Question 4

How does a conforming loan differ from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Jumbo loans are conventional but exceed conforming limits.

Question 5

Why use SRK CAPITAL instead of my bank for a conforming loan?

Accepted Answer

SRK CAPITAL shops 200+ wholesale lenders. Banks show you one rate. We show you the market.

Question 6

Can self-employed buyers qualify for conforming loans in Hesperia?

Accepted Answer

Yes, but lenders use your net income from tax returns — not gross. Two years of self-employment history is typically required.

Conforming Loans in Hesperia, CA