Question 1

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

Accepted Answer

Most lenders require 620. You need 740+ to hit the best rate tiers and avoid pricing adjustments.

Question 2

Can I use a conventional loan to buy a short-term rental here?

Accepted Answer

Yes, but lenders classify it as an investment property. Expect 15-25% down and a higher rate than a primary residence.

Question 3

Does PMI go away on a conventional loan?

Accepted Answer

Yes. Once your loan balance drops to 80% of the home's value, you can request PMI cancellation. FHA doesn't work that way.

Question 4

Are there conventional loan limits in San Bernardino County?

Accepted Answer

Yes. Loans above the conforming limit become jumbo loans and require different underwriting. Ask us for the current limit.

Question 5

Will lenders finance a Yucca Valley property with a well and septic?

Accepted Answer

Many will, but not all. Lender selection matters here — we know which wholesale lenders handle rural San Bernardino properties.

Question 6

How much do I need to put down on a second home in Yucca Valley?

Accepted Answer

Conventional second-home loans require at least 10% down. You'll also need reserves — typically two months of payments in the bank.

Conventional Loans in Yucca Valley, CA