Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies for high-cost conforming limits above the national baseline. Check current limits with us — they adjust annually.

Question 2

Can I use a conforming loan to buy in Los Altos?

Accepted Answer

Yes, if the purchase price falls within the conforming limit. Many Los Altos properties exceed it and require jumbo financing.

Question 3

What credit score do I need for a conforming loan?

Accepted Answer

Most lenders set the floor at 620. Scores above 740 get the best pricing on conforming loans.

Question 4

How does a conforming loan differ from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Conforming means it meets Fannie Mae and Freddie Mac size and guideline limits.

Question 5

Are conforming loan rates better than jumbo rates in Los Altos?

Accepted Answer

Typically yes. Conforming loans carry lower rates for most borrower profiles. Rates vary by borrower profile and market conditions.

Question 6

What down payment do I need for a conforming loan in Los Altos?

Accepted Answer

First-time buyers can put down as little as 3%. Most repeat buyers in this market put down 10-20% to stay competitive.

Conforming Loans in Los Altos, CA — Know the Limits Before You Shop