Question 1

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

Accepted Answer

Minimum is 620, but most Cupertino buyers qualify at 740+. That higher score unlocks the best rate tiers and lowest PMI costs.

Question 2

Can I use RSU income to qualify for a conventional loan?

Accepted Answer

Yes, but lender guidelines vary widely on stock compensation. We find lenders who count it fully — that can change your qualifying amount significantly.

Question 3

How do I avoid PMI on a conventional loan?

Accepted Answer

Put 20% down and PMI never appears. If you put less down, PMI drops off once you hit 20% equity in the home.

Question 4

Is a conventional loan or jumbo better for Cupertino homes?

Accepted Answer

Depends on purchase price. We run both scenarios — sometimes jumbo pricing beats conventional plus PMI at higher loan amounts.

Question 5

How long does a conventional loan take to close in Cupertino?

Accepted Answer

Typically 21-30 days with clean documentation. Complex income situations like RSUs or bonus income can add time if not prepared upfront.

Question 6

Are conventional loans available for Cupertino condos?

Accepted Answer

Yes, but the condo project must meet Fannie Mae or Freddie Mac approval standards. We check project eligibility before you're deep into the process.

Conventional Loans in Cupertino, CA