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Poway is one of San Diego County's most stable suburban markets. Single-family homes here attract buyers who qualify for conventional financing.
HousingWire flagged the 30-year fixed hitting 6.57% with applications down 10.4% week-over-week. For conventional buyers in Poway, that means less competition right now.
620
Min Credit Score
3% – 5%
Min Down Payment
45%
Max DTI
6.57%*
30-Yr Fixed (Mkt)
20% Equity
PMI Removed At
Conventional Loans in Poway
Most conventional loans require a 620 minimum credit score. To avoid PMI — private mortgage insurance — you need 20% down.
Debt-to-income ratio matters too. Lenders want to see your monthly debts stay under 45% of your gross income.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Poway.
Poway is one of San Diego County's most stable suburban markets. Single-family homes here attract buyers who qualify for conventional financing.
HousingWire flagged the 30-year fixed hitting 6.57% with applications down 10.4% week-over-week. For conventional buyers in Poway, that means less competition right now.
Most conventional loans require a 620 minimum credit score. To avoid PMI — private mortgage insurance — you need 20% down.
SRK CAPITAL shops conventional rates across 200+ wholesale lenders. Retail banks show you one rate. We show you dozens.
Conventional pricing is highly credit-score sensitive. A 740 score gets meaningfully better pricing than a 680.
Poway buyers often have strong equity positions. That makes conventional the right call — no upfront mortgage insurance premium like FHA.
Rates vary by borrower profile and market conditions. Locking at the right time matters, especially with the rate volatility we've seen as of April 2026.
FHA loans have lower credit requirements but add mortgage insurance for the life of the loan. Conventional drops PMI once you hit 20% equity.
Jumbo kicks in above the conforming loan limit. Many Poway purchases fall near that line — knowing which bucket you're in changes your rate.
Poway sits in a price range where conforming limits are relevant. Many homes here fall within the San Diego County conforming ceiling.
The city's strong school district and low turnover mean properties tend to appraise well. That supports conventional loan-to-value ratios.
The minimum is 620. But scores above 740 get the best pricing — that gap is real money over the life of your loan.
Yes. Put 20% down and PMI never applies. Or reach 20% equity later and request cancellation.
Conventional wins if your credit is strong. FHA adds an upfront premium and permanent mortgage insurance.
Some do. We check the current San Diego County conforming limit on every deal before quoting a rate.
We submit your profile across 200+ wholesale lenders simultaneously. You see the best offers, not just one.