Question 1

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

Accepted Answer

Most lenders require a 620 minimum. A 740+ score gets you the best rate tiers.

Question 2

Can I avoid PMI on a conventional loan here?

Accepted Answer

Yes. Put 20% down and PMI never applies. Below 20%, PMI cancels once you reach 20% equity.

Question 3

How does a conventional loan compare to FHA in Manteca?

Accepted Answer

Conventional rewards strong credit with no lifelong mortgage insurance. FHA fits buyers with lower scores but costs more long-term.

Question 4

Do conventional loans have income limits in San Joaquin County?

Accepted Answer

Standard conventional loans have no income limits. Some down payment assistance programs layered on top may have caps.

Question 5

What's the maximum loan amount for a conventional conforming loan?

Accepted Answer

Conforming limits set the ceiling. Most Manteca purchases fall within that range — jumbo financing is rarely needed here.

Conventional Loans in Manteca, CA