Question 1

What is the 2026 conforming loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies for the high-balance limit of $1,089,300. Most Gilroy homes price well below that ceiling.

Question 2

Can I put less than 20% down on a conforming loan in Gilroy?

Accepted Answer

Yes. Conforming loans allow as little as 3% down. You'll pay PMI until you reach 20% equity, then it drops off.

Question 3

How is a conforming loan different from a conventional loan?

Accepted Answer

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

Question 4

What credit score do I need for a conforming loan?

Accepted Answer

620 gets you in the door. Scores above 740 typically earn the best rates. Rates vary by borrower profile and market conditions.

Question 5

Is a conforming ARM a good fit for Gilroy buyers right now?

Accepted Answer

It depends on your timeline. If you plan to move or refinance within 7 years, an ARM's lower initial rate can save real money.

Question 6

Why use a broker instead of a bank for a conforming loan in Gilroy?

Accepted Answer

We access 200+ wholesale lenders. Banks only show you their own rates. On a conforming loan, that difference adds up fast.

Conforming Loans in Gilroy, CA — Smart Financing for South County