Question 1

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

Accepted Answer

Minimum is 620, but rates improve significantly around 740 and above. Come in with the highest score you can.

Question 2

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes. Put 20% down and PMI never appears. You can also remove it later once you reach 20% equity.

Question 3

How does a conventional loan differ from FHA in San Joaquin County?

Accepted Answer

Conventional has no upfront mortgage insurance fee. FHA does, plus monthly MIP that can last the life of the loan.

Question 4

Is a 30-year fixed still the right call given current rates?

Accepted Answer

Depends on your timeline. If you're staying 10+ years, a fixed rate locks in certainty. Shorter horizon, run ARM numbers too.

Question 5

Does SRK CAPITAL work with Lathrop buyers on conventional loans?

Accepted Answer

Yes. We're a California mortgage broker and shop your file across 200+ wholesale lenders to find the best fit.

Conventional Loans in Lathrop, CA