Question 1

What is the conforming loan limit for San Bernardino County?

Accepted Answer

San Bernardino County follows the standard conforming limit set by the FHFA each year. Confirm the current limit with SRK CAPITAL before you write an offer.

Question 2

Can I use a conforming loan to buy in Upland with 3% down?

Accepted Answer

Yes, first-time buyers can put down as little as 3%. You will pay PMI until you reach 20% equity.

Question 3

How is a conforming loan different from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Conforming means the loan fits Fannie Mae or Freddie Mac size and guideline rules.

Question 4

Does my credit score affect my conforming loan rate in Upland?

Accepted Answer

Yes. Lenders price conforming loans in tiers. A 740 score gets significantly better rates than a 680.

Question 5

What happens if my loan amount exceeds the conforming limit?

Accepted Answer

You move into jumbo loan territory. That means different underwriting, higher reserves, and typically higher rates.

Question 6

Can self-employed borrowers get conforming loans in Upland?

Accepted Answer

Yes, but lenders require two years of tax returns. If your write-offs reduce taxable income heavily, qualifying income may fall short.

Conforming Loans in Upland, CA — Rates That Actually Make Sense