Question 1

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

Accepted Answer

Minimum is 620, but 740+ gets you the best rates. Below 680, you'll pay more in pricing adjustments.

Question 2

Can I avoid PMI with less than 20% down?

Accepted Answer

Some lenders offer lender-paid PMI options, but you'll take a slightly higher rate. It depends on your numbers — we run both scenarios.

Question 3

How does Sonoma County's conforming loan limit affect me?

Accepted Answer

Borrow above the conforming limit and you're in jumbo territory. Jumbo has stricter requirements and different pricing — not always worse, but different.

Question 4

Are conventional loans harder to get than FHA in Petaluma?

Accepted Answer

The credit and DTI standards are tighter. But the long-term cost is usually lower, and sellers respond better to conventional offers.

Question 5

How long does a conventional loan close in Petaluma?

Accepted Answer

Typically 21-30 days with a complete file. Appraisal turnaround in Sonoma County can affect that timeline.

Conventional Loans in Petaluma, CA