Question 1

Can I use a conventional loan to buy in Monte Sereno?

Accepted Answer

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

Question 2

What credit score do I need for a conventional loan here?

Accepted Answer

Lenders require 620 minimum. To get competitive rates in this market, aim for 740 or above.

Question 3

Do I need 20% down for a conventional loan?

Accepted Answer

No. You can put down as little as 3%. Below 20%, you'll pay PMI until you reach that equity threshold.

Question 4

How do RSUs affect my conventional loan qualification?

Accepted Answer

RSUs can count as income, but lenders handle them differently. Vesting history and continuity matter most to underwriters.

Question 5

Is a jumbo loan better than conventional in Monte Sereno?

Accepted Answer

Often yes. Jumbo lenders compete hard for strong borrowers at these price points. We compare both before recommending one.

Conventional Loans in Monte Sereno, CA