Question 1

What's the conforming loan limit in Los Gatos?

Accepted Answer

$1,209,750 for single-family homes in Santa Clara County. Anything above that requires a jumbo loan with different terms.

Question 2

Can I use stock compensation for conforming loan income?

Accepted Answer

Yes, but lenders need two years of RSU history and vesting schedules. One-time grants or recent equity comp won't count toward qualifying income.

Question 3

How much does PMI cost on a Los Gatos conforming loan?

Accepted Answer

$300-500 monthly on loans near the conforming limit with less than 20% down. Cost drops as your equity increases.

Question 4

Do conforming loans work for Los Gatos condos?

Accepted Answer

Yes, if the HOA meets Fannie Mae standards and your lender approves the project. Not all lenders accept all condo complexes.

Question 5

Should I wait for rate cuts to buy in Los Gatos?

Accepted Answer

Rate cuts are expected later in 2026, but inventory moves fast here. Waiting could mean losing the right property for a modest rate improvement.

Question 6

What credit score do I need for best conforming rates?

Accepted Answer

680 or higher gets you into the best pricing tiers. Below that, you'll pay higher rates even if you qualify at 620.

Conforming Loans in Los Gatos: Your Path to Silicon Valley Homeownership