Question 1

What is the conforming loan limit for Santa Clara County?

Accepted Answer

Santa Clara County qualifies for high-cost conforming limits set by Fannie Mae and Freddie Mac. Check current FHFA limits — they adjust annually.

Question 2

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

Accepted Answer

Yes, but lenders typically require a two-year history of receiving RSU income. It must also be likely to continue.

Question 3

Do conforming loans work for Saratoga's price range?

Accepted Answer

Sometimes. Many Saratoga purchases exceed conforming limits and require jumbo financing. Know your target price before choosing a program.

Question 4

How does PMI work on a conforming loan?

Accepted Answer

PMI is required when you put less than 20% down. It cancels automatically when your loan balance reaches 80% of the home's value.

Question 5

Is a conforming loan better than FHA in Saratoga?

Accepted Answer

For most buyers with 680+ credit, yes. Conforming pricing is better and PMI eventually drops — FHA mortgage insurance typically doesn't.

Question 6

What credit score gets the best conforming rate?

Accepted Answer

Pricing improves at each tier above 680. The best conforming rates typically go to borrowers with 740+ scores and 20% down.

Conforming Loans in Saratoga, CA: What You Need to Know