Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies for high-balance conforming limits, which are higher than the national baseline. Check current Fannie Mae limits before your purchase.

Question 2

Can I use RSU income to qualify for a conforming loan in Mountain View?

Accepted Answer

Some lenders count RSUs, others don't. A broker can match you with a lender whose guidelines fit your income structure.

Question 3

What credit score do I need for a conforming loan?

Accepted Answer

620 gets you in the door. A 740 or higher score puts you in the best rate tier.

Question 4

How much down payment does a conforming loan require?

Accepted Answer

As low as 3% for qualified borrowers. Putting down 20% eliminates private mortgage insurance.

Question 5

Is a conforming loan better than FHA in Mountain View?

Accepted Answer

For buyers with 620+ credit, conforming usually wins on total cost. FHA mortgage insurance adds expense that conforming loans avoid with 20% down.

Question 6

What happens if my loan amount exceeds the conforming limit?

Accepted Answer

You move into jumbo loan territory. Jumbo loans have stricter requirements and typically higher rates.

Conforming Loans in Mountain View, CA