Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies as a high-cost area, so limits exceed the national baseline. Check current Fannie Mae guidelines — limits adjust annually.

Question 2

Can I use a conforming loan to buy in Morgan Hill?

Accepted Answer

Yes, if your loan amount stays within the county limit. Many Morgan Hill homes fall within conforming range depending on down payment size.

Question 3

What credit score do I need for a conforming loan?

Accepted Answer

Lenders require at least 620. You'll get the best rates at 740 or above — that gap in pricing is significant.

Question 4

Do conforming loans require mortgage insurance?

Accepted Answer

Only if you put less than 20% down. Unlike FHA, you can cancel PMI once you reach 20% equity in the home.

Question 5

How does the current rate environment affect conforming loans in Morgan Hill?

Accepted Answer

HousingWire reported the 30-year fixed near 6.57% as of April 2026. That affects your monthly payment and how much home you qualify for. Rates vary by borrower profile and market conditions.

Question 6

What documents do I need to apply for a conforming loan?

Accepted Answer

Expect W-2s, two years of tax returns, recent pay stubs, and bank statements. Self-employed borrowers need additional documentation.

Conforming Loans in Morgan Hill, CA