Question 1

What is the conforming loan limit in Sonoma County?

Accepted Answer

Sonoma County follows FHFA guidelines — check current Fannie Mae limits before you shop. Limits adjust annually and directly determine whether your loan qualifies as conforming.

Question 2

Do I need 20% down for a conforming loan in Rohnert Park?

Accepted Answer

No. Some conforming programs allow as little as 3% down. You'll pay PMI below 20%, but it cancels when you reach that equity threshold.

Question 3

How does my credit score affect my conforming loan rate?

Accepted Answer

Score tiers trigger different LLPAs — fees baked into your rate. A 760 score gets materially better pricing than a 680 on the same loan file.

Question 4

Can self-employed buyers in Rohnert Park get conforming loans?

Accepted Answer

Yes. Fannie and Freddie accept self-employed income with 2 years of tax returns and a CPA letter. Average your net income — gross doesn't count.

Question 5

How is a conforming loan different from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Conforming means it meets Fannie and Freddie size and guideline limits.

Question 6

Is a conforming loan better than FHA for Rohnert Park buyers?

Accepted Answer

Usually yes, if your credit is 680 or above. Conforming PMI cancels at 20% equity — FHA mortgage insurance often doesn't drop off at all.

Conforming Loans in Rohnert Park, CA