Question 1

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

Accepted Answer

You need at least 620 to qualify. Scores above 740 get you the sharpest rates available.

Question 2

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes — put 20% down and PMI never applies. It also cancels once you reach 20% equity if you start below that.

Question 3

How does a conventional loan compare to FHA in Sonoma County?

Accepted Answer

Conventional works better for borrowers with strong credit. FHA suits those with lower scores but carries long-term mortgage insurance costs.

Question 4

Is a fixed or adjustable rate better right now in Cotati?

Accepted Answer

With rates elevated as of April 2026, ARMs attract buyers planning shorter stays. Fixed rates offer stability if you're staying long-term. Rates vary by borrower profile and market conditions.

Question 5

What's the minimum down payment for a conventional loan here?

Accepted Answer

Some programs allow 3% down for first-time buyers. Most borrowers put down 5–20% depending on their goals.

Conventional Loans in Cotati, CA — Competitive Rates, Real Options