Question 1

What is the conforming loan limit in Santa Barbara County?

Accepted Answer

Santa Barbara County qualifies as a high-cost area. That pushes the limit above the national baseline — ask your broker for the current figure.

Question 2

Can I use a conforming loan near Vandenberg Space Force Base?

Accepted Answer

Yes. Conforming loans work for any eligible borrower. They're the right call when VA benefits aren't available.

Question 3

Do I need 20% down for a conforming loan in Lompoc?

Accepted Answer

No. Some conforming programs allow 3% down. You'll pay PMI until you reach 20% equity in the home.

Question 4

How does my credit score affect conforming loan pricing?

Accepted Answer

Scores above 740 get the best rates. Anything below 680 will cost you in pricing adjustments called LLPAs.

Question 5

Is a conforming loan better than FHA in Santa Barbara County?

Accepted Answer

Usually, yes — if your credit supports it. Conforming avoids FHA's upfront mortgage insurance premium and has a cleaner exit from monthly PMI.

Conforming Loans in Lompoc, CA