Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

San Bernardino County uses the standard conforming limit set by Fannie Mae and Freddie Mac. Most Victorville home purchases fall well under that ceiling.

Question 2

Can I get a conforming loan with a 620 credit score?

Accepted Answer

Yes, 620 is the floor for most conforming programs. A higher score gets you a better rate — the pricing grid rewards every 20-point improvement.

Question 3

Do conforming loans require PMI in Victorville?

Accepted Answer

PMI applies when your down payment is under 20%. The good news: you can cancel it once you reach 20% equity, unlike FHA mortgage insurance.

Question 4

How long does a conforming loan take to close?

Accepted Answer

Most conforming purchases close in 21-30 days with clean documentation. Delays usually come from appraisal or title — not the loan itself.

Question 5

Is a conforming loan better than FHA in Victorville?

Accepted Answer

For borrowers with 620+ credit and 5% down, conforming often wins on long-term cost. FHA charges ongoing MIP that conforming PMI doesn't require.

Question 6

What income documents do conforming loans require?

Accepted Answer

W-2 borrowers typically need two years of tax returns, recent pay stubs, and two months of bank statements. Self-employed borrowers face additional scrutiny.

Conforming Loans in Victorville, CA