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Conforming Loans in Suisun City
Most homes in Suisun City fall comfortably under the 2024 conforming limit of $766,550. That puts you in the sweet spot for the best rates in the mortgage market.
Lenders love conforming loans because Fannie Mae and Freddie Mac buy them immediately. That competition drives your rate down — sometimes 0.25% to 0.5% lower than jumbo loans.
Solano County homes typically qualify for standard conforming limits, not high-cost area exceptions. This means cleaner underwriting and faster closings than most Bay Area counties.
If you're buying in the $400K-$700K range here, conforming loans give you more lender options than any other program. We're talking 50+ wholesale lenders competing for your business.
You need 620 minimum credit for most conforming loans, but 680+ gets you the tier-one pricing. Every 20 points below that costs you rate.
Down payment starts at 3% for first-time buyers, 5% for repeat buyers. Put down 20% and you skip PMI entirely — that's $150-$300 monthly savings on a $500K loan.
Income matters less than debt ratios. We can go to 50% DTI with strong credit and reserves, but 43% or lower gets you the cleanest approval.
Self-employed borrowers need two years of tax returns showing stable or increasing income. Lenders average your net profit after deductions — plan accordingly.
Banks advertise conforming loans heavily, but they're working with one investor. We access 200+ wholesale lenders — each pricing Fannie and Freddie loans differently each day.
Rate sheets change daily based on lock volume and investor appetite. A lender offering the best rate Monday might be middle-of-the-pack Wednesday. We shop your scenario in real time.
Credit unions often beat banks on conforming loans for members, but their underwriting moves slower. Wholesale lenders through brokers typically close 3-5 days faster.
Some lenders price VA and FHA better, others specialize in conforming. We know which ones sharpen their pencil on vanilla deals versus complex income situations.
The biggest mistake we see: borrowers fixating on rate while ignoring loan structure. A 15-year conforming loan at 5.5% builds equity faster than a 30-year at 6% — run the numbers both ways.
Timing locks matters more than most realize. Lock too early and you can't relock lower. Wait too long and rates jump. We watch the bond market daily and advise when to pull the trigger.
Appraisals kill more conforming deals in Suisun City than credit issues. Values vary wildly by neighborhood. Know your comps before you write an offer above list price.
If you're close to the conforming limit, consider a slightly smaller loan amount. Crossing into jumbo territory costs you 0.375% to 0.5% in rate — sometimes $200+ monthly on a $800K loan.
FHA loans allow 580 credit and 3.5% down, but you pay mortgage insurance for life unless you put down 10%+. Conforming loans drop PMI at 78% LTV automatically.
Jumbo loans start where conforming ends — $766,551 and up. You'll pay 0.375% to 0.625% more in rate and need 20% down minimum. Stay conforming if you can.
VA loans beat conforming for eligible veterans with zero down and no PMI. But if you're putting 20% down anyway, conforming often prices the same with less paperwork.
Adjustable-rate mortgages can start 0.5% to 0.75% lower than fixed conforming loans. They work if you're moving in 5-7 years — risky if you're staying put.
Suisun City's proximity to Travis Air Force Base creates steady buyer demand, but appraisers get conservative when flight patterns affect property values. Know which neighborhoods appraise tight.
Older homes near downtown need extra appraisal attention. Lenders want confirmation that foundation, electrical, and plumbing meet standards — budget for a pre-inspection if the house was built before 1980.
Solano County transfer taxes run lower than neighboring counties, but HOA fees in newer developments can surprise buyers. Lenders count HOA dues in your debt ratio — $300 monthly HOA equals $60K less buying power.
Commuters to Bay Area jobs dominate the buyer pool here. Lenders don't care about your commute, but rising gas costs affect your real budget. Factor that into your comfortable payment calculation.
$766,550 for single-family homes. Solano County uses standard limits, not high-cost adjustments like San Francisco or Marin counties.
Yes, but you'll pay PMI until you reach 78% LTV. Expect $100-$200 monthly PMI on a $500K loan with 5% down.
We typically close in 21-25 days with clean files. Appraisals add 7-10 days, and any income documentation issues can extend timelines.
Only if you put down less than 20%. PMI drops automatically at 78% LTV or by request at 80% with an appraisal.
740+ scores access top-tier pricing. Every 20-point drop below that costs roughly 0.125% to 0.25% in rate.
Absolutely, with two years of tax returns showing stable income. Lenders average your net profit — higher write-offs mean lower qualifying income.
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.