Question 1

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

Accepted Answer

Minimum is 620. You'll get meaningfully better rates at 700 or above.

Question 2

Can I use conventional financing on a property with well and septic?

Accepted Answer

Yes. The property must meet basic habitability standards. An experienced appraiser familiar with rural Siskiyou County properties makes a real difference.

Question 3

How does PMI work on a conventional loan?

Accepted Answer

PMI is required below 20% down. It cancels automatically when you reach 80% loan-to-value — unlike FHA insurance.

Question 4

Is a conventional loan better than FHA in Yreka?

Accepted Answer

For buyers with 700+ credit and 5%+ down, conventional almost always costs less over time. FHA makes sense when credit or savings are limited.

Question 5

What is the conforming loan limit for Siskiyou County?

Accepted Answer

Siskiyou County follows the standard conforming limit. Given Yreka's price points, most purchases fall comfortably within that limit.

Question 6

How long does a conventional loan take to close in Yreka?

Accepted Answer

Typically 21 to 30 days for a purchase. Rural appraisals can add time — order it fast and stay on top of it.

Conventional Loans in Yreka, CA