Question 1

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

Accepted Answer

Lenders require at least 620. Scores above 740 get the best rates and lowest PMI costs.

Question 2

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes. Put 20% down and PMI never applies. It also cancels once your equity reaches 20%.

Question 3

How does conventional compare to FHA in San Bernardino County?

Accepted Answer

Conventional wins with stronger credit. FHA can be cheaper if your score is below 680.

Question 4

Does SRK CAPITAL offer conventional loans in Rialto?

Accepted Answer

Yes. We shop conventional programs across 200+ wholesale lenders to find the best fit for your profile.

Question 5

What is the minimum down payment for a conventional loan?

Accepted Answer

Some programs allow 3% down for first-time buyers. Most conventional loans start at 5% down.

Question 6

Are conventional loan rates fixed or adjustable?

Accepted Answer

Both options exist. Fixed rates offer payment stability. ARMs start lower but adjust after an initial period.

Conventional Loans in Rialto, CA