Question 1

What is the conforming loan limit for Santa Clara County?

Accepted Answer

Santa Clara County qualifies as a high-cost area. The limit is higher than the national baseline — confirm the current year's figure with us directly.

Question 2

Can I use RSU income to qualify for a conforming loan in Cupertino?

Accepted Answer

Yes, but you need a two-year history of receiving it. Fannie Mae requires documented continuance of that income type.

Question 3

How is conforming different from conventional?

Accepted Answer

Conforming is a subset of conventional. It means the loan meets Fannie Mae and Freddie Mac size and guideline limits for purchase on the secondary market.

Question 4

Does conforming PMI ever go away?

Accepted Answer

Yes. Once you hit 20% equity, you can request PMI cancellation. It automatically terminates at 22% equity under federal law.

Question 5

What credit score gets the best conforming rate?

Accepted Answer

740 and above puts you in the best pricing tier. Scores between 700 and 739 are still solid but expect a small rate adjustment.

Question 6

Is a conforming loan or jumbo loan better for Cupertino buyers?

Accepted Answer

If your loan amount fits under the conforming limit, go conforming — the rate is almost always lower. Jumbo only makes sense when you need more.

Conforming Loans in Cupertino, CA