Question 1

What credit score do I need for a conventional loan in Rancho Cucamonga?

Accepted Answer

Minimum is 620, but 740+ gets you the best pricing. Below 680, compare FHA costs carefully before deciding.

Question 2

Can I buy in RC with 3% down on a conventional loan?

Accepted Answer

Yes, some programs allow 3% for first-time buyers. You'll pay PMI, but it cancels once you reach 20% equity.

Question 3

How does PMI work on a conventional loan?

Accepted Answer

PMI is added to your monthly payment when you put less than 20% down. It cancels automatically at 80% loan-to-value.

Question 4

Is a conventional loan better than FHA for Rancho Cucamonga buyers?

Accepted Answer

Usually yes, if your credit score is 680 or higher. Conventional has lower long-term costs when you qualify.

Question 5

Do builder-preferred lenders offer better rates on new construction in RC?

Accepted Answer

Not always. Builders often offer incentives tied to using their lender. Get a competing quote from us first.

Question 6

What is the conforming loan limit in San Bernardino County?

Accepted Answer

San Bernardino County follows the standard conforming limit set by FHFA. Loans above that limit require jumbo financing.

Conventional Loans in Rancho Cucamonga