Question 1

What is the conforming loan limit in Sonoma County?

Accepted Answer

Sonoma County qualifies as a high-cost area, so its limit exceeds the national baseline. Check current Fannie Mae limits before assuming your loan amount qualifies.

Question 2

Can I use a conforming loan to buy a home with an ADU in Petaluma?

Accepted Answer

Yes, but the appraisal gets more complex. The ADU adds income potential that lenders must account for, which can slow underwriting.

Question 3

What credit score do I need for a conforming loan?

Accepted Answer

Most lenders require at least 620. Scores above 740 typically get the best pricing available.

Question 4

How much do I need to put down on a conforming loan?

Accepted Answer

As little as 3% for qualified first-time buyers. Most buyers putting less than 20% will pay private mortgage insurance.

Question 5

Is a conforming loan better than FHA for Petaluma buyers?

Accepted Answer

Usually yes, if your credit clears 620. You avoid lifetime mortgage insurance and often get a lower rate.

Question 6

How long does a conforming loan take to close in California?

Accepted Answer

Typically 21 to 30 days with complete documentation. Appraisal turnaround in Sonoma County can affect that timeline.

Conforming Loans in Petaluma, CA