Question 1

What credit score do I need for a conventional loan in Half Moon Bay?

Accepted Answer

Minimum 620, but 740+ gets best pricing. Coastal properties sometimes require higher scores due to appraisal complexity and property risk factors.

Question 2

Can I use a conventional loan for a second home here?

Accepted Answer

Yes, if you prove it won't be rented and sits far enough from your primary residence. Lenders verify through utility bills and property records.

Question 3

How much down payment do investment properties require?

Accepted Answer

25% minimum with six months reserves. Lenders don't negotiate that floor even with excellent credit or large income.

Question 4

Do coastal properties qualify for 3% down conventional loans?

Accepted Answer

Only for primary residences with strong credit. Lenders tighten requirements for properties flagged with erosion or flood risk.

Question 5

When should I lock my rate given current Fed policy?

Accepted Answer

Lock when you find your property. Rate cuts likely later in 2026, but waiting risks losing the home or rates rising first.

Question 6

What makes Half Moon Bay conventional loans different from other cities?

Accepted Answer

Coastal appraisals take longer and cost more. Rural zoning and erosion concerns trigger stricter lender overlays than standard suburban properties.

Conventional Loans in Half Moon Bay: Financing Coastal Properties Without Government Limits