Question 1

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

Accepted Answer

Most lenders require a 620 minimum. Scores above 740 get the best pricing.

Question 2

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

Accepted Answer

Yes. As low as 3-5% down is possible. PMI applies until you reach 20% equity.

Question 3

How does conventional compare to FHA for Vallejo buyers?

Accepted Answer

Conventional is cheaper long-term if your credit is strong. FHA suits lower scores.

Question 4

Are Vallejo home prices within conforming loan limits?

Accepted Answer

Solano County's prices often fall within conforming limits. Confirm the current limit with your broker.

Question 5

Should I consider an ARM instead of a fixed conventional loan?

Accepted Answer

ARMs suit buyers with shorter hold plans. Fixed rates offer more stability for long-term owners.

Question 6

Does SRK CAPITAL offer conventional loans in Vallejo?

Accepted Answer

Yes. We shop conventional rates across 200+ wholesale lenders to find your best fit.

Conventional Loans in Vallejo, CA