Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

The 2026 limit is $1,209,750 for a single-family home. Santa Clara qualifies for the high-cost ceiling set by FHFA.

Question 2

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

Accepted Answer

Yes, but lenders need a 2-year history of RSU vesting and continued stock grants. Fannie Mae guidelines on this are strict.

Question 3

How is a conforming loan different from a jumbo loan?

Accepted Answer

Conforming loans stay within FHFA limits and get sold to Fannie or Freddie. Jumbo loans exceed those limits and carry stricter requirements.

Question 4

What credit score do I need for a conforming loan in Palo Alto?

Accepted Answer

Lenders require at least 620. Aim for 740 or higher to get the best available pricing on your rate.

Question 5

What down payment is required for a conforming loan?

Accepted Answer

As low as 3% for first-time buyers under Fannie Mae programs. Most Palo Alto buyers put down 10-20% to keep the payment manageable.

Question 6

Does a conforming loan work for Palo Alto home prices?

Accepted Answer

It depends on your purchase price. If you stay at or below $1,209,750 on the loan, conforming beats jumbo on rate and flexibility.

Conforming Loans in Palo Alto — Know Your Limits