Question 1

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

Accepted Answer

Minimum is 620, but 740+ gets you the best rates and terms. Saratoga's competitive market rewards strong credit with pricing advantages that save thousands over the loan term.

Question 2

How much should I put down on a Saratoga home?

Accepted Answer

You can start at 3-5%, but 20% eliminates PMI and strengthens your offer. Sellers in multiple-offer situations favor buyers who bring substantial down payments.

Question 3

Do conventional loans work for Saratoga's high home prices?

Accepted Answer

Conventional loans work up to $806,500 for single-family homes. Most Saratoga properties exceed that, requiring jumbo financing instead.

Question 4

Can I use stock compensation for conventional loan income?

Accepted Answer

Yes, if you show vesting history and future schedules. Unrestricted RSUs count as income, but underwriters need documentation proving consistent vesting patterns.

Question 5

How do I remove PMI from my conventional loan?

Accepted Answer

PMI automatically drops at 78% loan-to-value, or you can request removal at 80%. We monitor your equity and file for removal as soon as you qualify.

Question 6

Are conventional rates still competitive in 2026?

Accepted Answer

Rates near 6% represent four-year lows as of February 2026. The Fed expects more cuts later this year, but current rates already offer strong value.

Conventional Loans in Saratoga: Your Path to Silicon Valley Real Estate