Question 1

What credit score do I need for a conventional loan in Mountain View?

Accepted Answer

Minimum is 620, but 740+ gets you the best pricing. Most competitive buyers here are well above that threshold.

Question 2

Can I use RSU income to qualify for a conventional loan?

Accepted Answer

Yes, but lenders typically require two years of vesting history. How that income is averaged varies by lender — structure matters.

Question 3

Do conventional loans in Mountain View require PMI?

Accepted Answer

Only if you put less than 20% down. PMI cancels automatically once you reach 80% loan-to-value — unlike FHA mortgage insurance.

Question 4

What's the conforming loan limit for Santa Clara County?

Accepted Answer

Santa Clara County qualifies for high-cost area limits set by FHFA. Loans above that limit are jumbo and priced differently.

Question 5

How does a conventional loan compare to FHA in a competitive Mountain View offer?

Accepted Answer

Sellers prefer conventional. FHA appraisals have stricter property conditions, which some sellers want to avoid.

Question 6

Should I consider an ARM instead of a 30-year fixed?

Accepted Answer

It depends on your timeline. If you plan to sell or refi within 7 years, an ARM's lower start rate may save you money.

Conventional Loans in Mountain View, CA