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Conventional Loans in Suisun City
Suisun City home prices sit below Solano County's high-cost threshold. Most properties qualify for conforming loan limits, which means better rates than jumbo financing.
Conventional loans dominate this market because they cost less than FHA once you hit 10% down. Sellers prefer them too — no appraisal repair requirements.
This isn't the Bay Area's fringe anymore. Buyers with decent credit get the same loan programs as Sacramento or Vallejo, just with lower purchase prices.
You need 620 credit minimum, but 680+ unlocks the pricing that makes conventional worth it. Below that, FHA usually costs less monthly.
Down payment starts at 3% for first-time buyers. Put down 5% and you're competitive with most other offers. Hit 20% and you drop PMI entirely.
Debt-to-income can't exceed 50% with most lenders. That includes your new mortgage, car loans, student debt, and credit cards.
Two years of steady income history matters more than job title. Self-employed? Expect to show tax returns proving consistent earnings.
Big banks quote one rate. Credit unions quote another. We check 200+ wholesale lenders to find who's pricing Suisun City loans aggressively that week.
Conventional pricing shifts daily based on your exact credit score and down payment. A 720 score with 15% down gets different pricing than 740 with 10%.
Some lenders waive appraisals on certain Suisun City purchases using automated valuation models. That shaves two weeks off closing timelines.
Portfolio lenders occasionally beat agency pricing when they're building inventory. Those opportunities last days, not weeks.
Suisun City buyers often get steered to FHA because loan officers assume lower credit scores. If you're above 680, run both scenarios — conventional wins most of the time.
The break-even point sits around 8% down. Below that, FHA's upfront insurance hurts but the monthly cost stays competitive. Above it, conventional wins clearly.
Sellers here see multiple offers regularly. Conventional financing with 10%+ down signals a cleaner closing than FHA's inspection requirements.
I've seen borrowers overpay PMI for years because they didn't know they could request removal at 80% loan-to-value. Set a calendar reminder when you hit that mark.
FHA requires 3.5% down versus conventional's 3%, but charges a 1.75% upfront fee rolled into your loan. That's $7,000 on a $400k purchase.
VA loans beat conventional if you're military — zero down and no PMI. But Suisun City isn't a military town, so most buyers don't qualify.
Jumbo loans kick in above conforming limits around $766k. Suisun City rarely hits that threshold except on waterfront or custom builds.
ARMs make sense if you're relocating in 3-5 years. Fixed rates protect you if this becomes a long-term hold as the area develops.
Suisun City sits in a growth corridor between Fairfield and Vacaville. That trajectory supports property values better than declining markets where conventional lenders tighten standards.
Condos near the waterfront sometimes hit warrantability issues with Fannie Mae. Those need manual underwriting, which adds a week and requires reserves.
First-time buyers here benefit from CalHFA down payment assistance that stacks with conventional loans. That combo beats FHA's cost structure in most scenarios.
Flood zone properties require special insurance that gets factored into debt ratios. Some conventional lenders cap total housing costs lower than FHA's 46.9% threshold.
Minimum 620, but you'll pay premium pricing. 680+ unlocks the rates that make conventional cheaper than FHA on monthly cost.
3% minimum for first-time buyers, 5% otherwise. Most sellers prefer seeing 10%+ because it signals a serious buyer with reserves.
Depends on your down payment and credit. At 5% down with 720 credit, expect $150-250/month. It drops off at 78% LTV automatically.
Yes, from immediate family. You'll need a gift letter stating it's not a loan, plus paper trail showing the transfer.
Some do, depending on automated valuation model confidence. Newer tract homes qualify more often than unique or waterfront properties.
If your credit tops 680 and you have 5%+ down, conventional costs less long-term. Below that, run the numbers on both programs.
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.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
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.