Question 1

Can I use a conventional loan in Los Altos Hills?

Accepted Answer

Yes, but most homes exceed conforming limits. You'll likely need a high-balance or jumbo conventional product.

Question 2

What credit score do I need for the best conventional rate?

Accepted Answer

Most lenders tier their best pricing at 740+. A 620 qualifies you, but the rate difference is significant.

Question 3

Is PMI required on conventional loans here?

Accepted Answer

PMI applies when your down payment is under 20%. At Los Altos Hills prices, that's a large monthly add-on worth avoiding.

Question 4

Should I consider an ARM instead of a fixed rate?

Accepted Answer

If your hold period is under 7 years, an ARM may price better. Rates vary by borrower profile and market conditions.

Question 5

How does RSU income affect my conventional loan approval?

Accepted Answer

Lenders treat RSU income differently. You typically need a 2-year history and a continuation letter from your employer.

Question 6

What is the high-balance conforming limit in Santa Clara County?

Accepted Answer

As of April 2026, the high-balance limit is $1,089,300. Loans above that require jumbo underwriting.

Conventional Loans in Los Altos Hills, CA