Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

San Bernardino County uses the standard FHFA baseline limit, not a high-cost area limit. Loans above that ceiling require jumbo financing.

Question 2

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

Accepted Answer

No. You can put as little as 3% down. Below 20%, you'll pay private mortgage insurance until you reach 20% equity.

Question 3

What credit score gets the best conforming rate?

Accepted Answer

740 and above puts you in the top pricing tier. Every 20-point drop below that typically adds cost to your rate.

Question 4

How does a conforming loan differ from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans conform. Conforming means it meets Fannie and Freddie's size and guideline limits.

Question 5

Can self-employed borrowers use conforming loans in Highland?

Accepted Answer

Yes, but expect to provide two years of tax returns. Lenders use net income after deductions — that can reduce your qualifying amount.

Question 6

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

Accepted Answer

Typically 21-30 days with a complete file. Missing documents or appraisal delays are the most common reason closings stretch longer.

Conforming Loans in Highland, CA — Rates That Work