Question 1

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

Accepted Answer

Most lenders require a 620 minimum. Scores above 740 get the best rate tiers and lowest PMI costs.

Question 2

Can I put less than 20% down on a conventional loan?

Accepted Answer

Yes. You can go as low as 3% down. PMI applies until you reach 20% equity, then it cancels.

Question 3

How does conventional compare to FHA for Fairfield buyers?

Accepted Answer

Conventional is usually cheaper long-term if your score is above 680. FHA MIP often sticks for the life of the loan.

Question 4

Are conventional loan limits high enough for Fairfield homes?

Accepted Answer

For most Fairfield purchases, yes. Solano County prices generally fall within the conforming loan limit, avoiding jumbo requirements.

Question 5

Is a conventional loan a good fit if I work near Travis AFB?

Accepted Answer

If you're not VA-eligible, conventional is typically the strongest option. It offers flexibility in property type and loan structure.

Conventional Loans in Fairfield, CA