Question 1

What is the conforming loan limit for Solano County?

Accepted Answer

Solano County follows the standard conforming limit set by Fannie Mae and Freddie Mac. Loans above that threshold require jumbo financing with stricter guidelines.

Question 2

Can I put less than 20% down on a conforming loan in Fairfield?

Accepted Answer

Yes. Some conforming programs allow as little as 3% down. You'll pay PMI until you reach 20% equity, then you can cancel it.

Question 3

How does my credit score affect my conforming loan rate?

Accepted Answer

Fannie Mae and Freddie Mac use risk-based pricing. A 740+ score gets the best rates. Below 680, you'll pay noticeably more. Rates vary by borrower profile.

Question 4

Is a conforming loan better than FHA for Fairfield buyers?

Accepted Answer

At 680+ credit, conforming usually wins on total cost. FHA mortgage insurance is harder to remove, making conforming cheaper long-term.

Question 5

How long does a conforming loan take to close in Fairfield?

Accepted Answer

Most conforming loans close in 21–30 days with complete documentation. Missing paperwork is the top reason closings slow down.

Question 6

Do self-employed borrowers qualify for conforming loans?

Accepted Answer

Yes, but lenders require 2 years of tax returns and use your net income — not gross revenue. This trips up a lot of self-employed buyers.

Conforming Loans in Fairfield, CA — Rates That Actually Make Sense