Question 1

What's the conforming loan limit in Suisun City for 2024?

Accepted Answer

$766,550 for single-family homes. Solano County uses standard limits, not high-cost adjustments like San Francisco or Marin counties.

Question 2

Can I get a conforming loan with 5% down?

Accepted Answer

Yes, but you'll pay PMI until you reach 78% LTV. Expect $100-$200 monthly PMI on a $500K loan with 5% down.

Question 3

How long does conforming loan approval take in Suisun City?

Accepted Answer

We typically close in 21-25 days with clean files. Appraisals add 7-10 days, and any income documentation issues can extend timelines.

Question 4

Do conforming loans require mortgage insurance?

Accepted Answer

Only if you put down less than 20%. PMI drops automatically at 78% LTV or by request at 80% with an appraisal.

Question 5

What credit score gets the best conforming rates?

Accepted Answer

740+ scores access top-tier pricing. Every 20-point drop below that costs roughly 0.125% to 0.25% in rate.

Question 6

Can self-employed buyers get conforming loans?

Accepted Answer

Absolutely, with two years of tax returns showing stable income. Lenders average your net profit — higher write-offs mean lower qualifying income.

Conforming Loans in Suisun City: Access Fannie Mae & Freddie Mac Rates