Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies for high-balance conforming limits, which exceed the national baseline. Check current FHFA limits for the exact figure — they adjust annually.

Question 2

Can I use a conforming loan to buy a condo in San Jose?

Accepted Answer

Yes, but the condo project must be Fannie Mae or Freddie Mac approved. We verify this before you make an offer.

Question 3

Does RSU income count toward conforming loan qualification?

Accepted Answer

It depends on the lender and how long you've received it. Some lenders require two years of vesting history before counting RSU income.

Question 4

What credit score do I need for the best conforming rate?

Accepted Answer

You need 740 or above to hit the best pricing tiers. Below 700, expect rate adjustments that add real cost.

Question 5

When does PMI drop off a conforming loan?

Accepted Answer

PMI cancels when your loan balance reaches 80% of the home's original value. You can request removal or wait for automatic cancellation at 78%.

Question 6

How is a conforming loan different from a jumbo loan in San Jose?

Accepted Answer

Conforming loans meet Fannie and Freddie guidelines and carry lower rates. Jumbo loans exceed the high-balance limit and require stricter qualification.

Conforming Loans in San Jose: Get Fannie & Freddie Rates