Question 1

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

Accepted Answer

Most lenders require 620. Above 700 gets you better pricing and lower PMI rates.

Question 2

Can I use a conventional loan on a property with acreage?

Accepted Answer

Yes, but lender guidelines vary. Some cap acreage or flag outbuildings. We find lenders who handle rural parcels.

Question 3

Do I need PMI with less than 20% down?

Accepted Answer

Yes. PMI — private mortgage insurance — applies below 20% down. It cancels automatically once you hit 80% loan-to-value.

Question 4

How do conventional loans compare to FHA in Siskiyou County?

Accepted Answer

Conventional costs less long-term with strong credit. FHA works better for lower scores or minimal down payment savings.

Question 5

Will a wildfire zone affect my conventional loan approval?

Accepted Answer

Not the loan itself — but lenders require proof of homeowners insurance. Fire zone properties can be hard to insure. Start there first.

Conventional Loans in Montague, CA