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Conforming Loans in Dixon
Most Dixon home purchases under $806,500 qualify for conforming loans. This is Fannie Mae and Freddie Mac territory—the sweet spot for solid credit and steady income.
Dixon prices typically sit well below conforming limits. You're buying in a market built for this loan type, which means more lender competition and better rates.
These loans require the cleanest documentation and strongest credit profiles. But if you qualify, you get the lowest rates and widest lender selection available.
You need 620 credit minimum, but 740+ gets you the best pricing. Income must be verifiable through W-2s, tax returns, or consistent business financials.
Down payment starts at 3% for first-timers, 5% for most buyers. Expect debt-to-income under 43%, though 50% works with strong compensating factors.
Clean credit history matters more than perfect credit. Lenders flag recent late payments, collections, and derogatory marks within the past 12 months.
Every major bank, credit union, and wholesale lender offers conforming loans. This creates intense competition, which drives rates down and keeps lenders honest.
Rate sheets change daily across 200+ lenders. A broker can shop your scenario across multiple channels—retail banks, correspondent lenders, wholesale platforms.
Conforming loans get priced in real-time based on credit score, loan-to-value, property type, and occupancy. Small changes in these factors shift your rate by 0.25-0.50%.
Most Dixon buyers default to their bank without shopping. That's leaving money on the table—conforming loans have the tightest rate spreads between lenders.
I see borrowers lose 0.375% in rate because they didn't know their 719 credit score gets worse pricing than 720. These cutoffs matter with conforming guidelines.
If you're close to the conforming limit, consider buying down to stay under it. Jumping to jumbo financing costs you rate and narrows your lender options.
Cash-out refinances get different pricing than purchases. If you're pulling equity, expect rates 0.25-0.50% higher than straight rate-and-term refinances.
FHA loans allow 580 credit and 3.5% down, but you pay mortgage insurance for life on small down payments. Conforming drops PMI at 20% equity.
Jumbo loans kick in above $806,500 with stricter requirements and higher rates. If your Dixon purchase sits near that limit, structure matters.
Conventional 97 programs offer 3% down like FHA but without lifetime mortgage insurance. You need 680+ credit and first-time buyer status.
Dixon's suburban housing stock—mostly single-family homes built 1990-2020—appraises cleanly for conforming standards. No weird property issues like in older markets.
Solano County prices haven't spiked like neighboring counties. You're typically buying in the $500K-$700K range, well under conforming limits with room to spare.
Agriculture and light industrial workers make up Dixon's employment base. Lenders want two years of stable income history, which most local employers provide.
If you work in Vacaville or commute to Sacramento, document that income carefully. Multi-county employment sometimes raises lender questions about job stability.
$806,500 for single-family homes in Solano County. Most Dixon properties sit well below this threshold, giving you full access to conforming financing.
Yes, 5% down is standard for conforming conventional loans. You'll pay PMI until you reach 20% equity, but rates beat FHA financing long-term.
Huge impact. The difference between 719 and 740 credit can cost you 0.50% in rate—$150+ monthly on a $600K loan.
Yes, but expect 15-20% down minimum and rates 0.50-0.75% higher than owner-occupied. Lenders price rental properties more conservatively.
Two years W-2s and tax returns, 60 days bank statements, and current pay stubs. Self-employed borrowers need two years business returns and profit-loss statements.
Absolutely. Once you hit 20% equity, refinancing to conforming drops your mortgage insurance and usually lowers your rate if credit has improved.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.