Question 1

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

Accepted Answer

Most lenders require 620 minimum. Scores above 740 get significantly better rates in Santa Clara County's price range.

Question 2

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes — put 20% down and PMI never applies. You can also cancel PMI once you reach 20% equity after closing.

Question 3

How does the conforming loan limit affect me in Campbell?

Accepted Answer

Santa Clara County's high conforming limit lets many Campbell buyers use conventional financing without jumping to jumbo.

Question 4

Is a fixed or adjustable rate better for Campbell buyers?

Accepted Answer

Depends on your hold period. Shorter timelines favor ARMs. Long-term owners typically do better locking a fixed rate.

Question 5

How does a mortgage broker help with conventional loans?

Accepted Answer

Brokers shop your file across multiple wholesale lenders. That competition often produces better rates than a single retail bank can offer.

Conventional Loans in Campbell, CA — Competitive Rates, No Government Red Tape