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San Bernardino sits in one of California's most active inland markets. Conventional loans are the workhorse here — no FHA overlays, no VA restrictions.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. For conventional borrowers, that rate sensitivity is real. Rates vary by borrower profile and market conditions.
6.57%
30-Year Fixed (Recent)
620
Min Credit Score
3%
Min Down Payment
80% LTV
PMI Cancels At
45%
Typical Max DTI
Conventional Loans in San Bernardino
Most conventional loans require a 620 minimum credit score. But at 620, expect a higher rate — lenders price risk.
Put down 20% and you skip private mortgage insurance (PMI). Less than 20% down means PMI gets added to your monthly payment.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in San Bernardino.
San Bernardino sits in one of California's most active inland markets. Conventional loans are the workhorse here — no FHA overlays, no VA restrictions.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. For conventional borrowers, that rate sensitivity is real. Rates vary by borrower profile and market conditions.
Most conventional loans require a 620 minimum credit score. But at 620, expect a higher rate — lenders price risk.
SRK CAPITAL shops conventional loans across 200+ wholesale lenders. Retail banks show you one rate. We show you many.
Conventional pricing varies more than people expect. Two lenders can quote the same borrower 40 basis points apart on the same day.
San Bernardino borrowers often come in torn between FHA and conventional. If your score is above 680 and you have 5% down, conventional usually wins.
Watch your debt-to-income ratio. San Bernardino incomes can be tight relative to payment obligations. Cleaning up revolving debt before applying moves your approval faster.
FHA charges an upfront mortgage insurance premium plus monthly MIP — forever if you put less than 10% down. Conventional PMI drops off at 80% loan-to-value.
Jumbo loans kick in above the conforming limit. For San Bernardino County borrowers staying under that ceiling, conventional conforming is the cheaper path.
San Bernardino County's conforming loan limit allows most purchases here to qualify for conventional financing. You're not forced into jumbo territory.
The Inland Empire has seen steady buyer demand from Los Angeles relocators. Conventional loans move fast — sellers prefer them over FHA due to fewer appraisal restrictions.
Most lenders require 620. Above 740 gets you the best pricing — that's where rates drop meaningfully.
Not on a standard conventional loan. But PMI cancels once you hit 80% LTV — unlike FHA MIP.
They're stricter on credit and DTI. But the long-term cost is usually lower for qualified borrowers.
Yes. We work across 200+ wholesale lenders to find the sharpest conventional pricing available for your profile.
Most San Bernardino purchases fall under the conforming limit. That keeps you in conventional — not jumbo — territory.