Question 1

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

Accepted Answer

Most lenders require at least 620. Higher scores get better rates — aim for 740+ to see the best pricing.

Question 2

Can I get a conventional loan on a property with farmland?

Accepted Answer

Yes, but the residential portion must be the primary use. Mixed-use agricultural parcels need careful lender matching.

Question 3

How does PMI work on a conventional loan?

Accepted Answer

PMI is required when you put less than 20% down. Once you reach 20% equity, you can request removal.

Question 4

Are conventional loan rates higher in rural areas like Tulelake?

Accepted Answer

Rates vary by borrower profile and market conditions. Small loan amounts can trigger lender pricing adjustments in rural markets.

Question 5

How long does conventional loan approval take in Siskiyou County?

Accepted Answer

Typically 21-30 days. Appraisals in low-volume rural markets can take longer — plan for extra time.

Conventional Loans in Tulelake, CA