Question 1

What's the conforming loan limit in Belmont?

Accepted Answer

$806,500 for San Mateo County as of 2026. Loan amounts above this require jumbo financing with different qualification standards.

Question 2

Can I get a conforming loan with less than 20% down?

Accepted Answer

Yes. You can put down as little as 3% but you'll pay PMI until you reach 20% equity. Rates vary by borrower profile and market conditions.

Question 3

How do conforming rates compare to jumbo in Belmont?

Accepted Answer

Conforming rates typically run 0.25-0.50% lower. The gap narrows when jumbo lenders compete aggressively for well-qualified borrowers.

Question 4

Do conforming loans work for investment properties?

Accepted Answer

Yes, but you'll need 15-25% down and carry higher rates. Fannie and Freddie allow up to 10 financed properties under conforming guidelines.

Question 5

What credit score gets the best conforming rates?

Accepted Answer

740 or higher unlocks top-tier pricing. Every 20-point drop below that adds cost through loan-level price adjustments from Fannie and Freddie.

Conforming Loans in Belmont: Access Better Rates in San Mateo County