Question 1

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

Accepted Answer

Most lenders require 620 minimum. Rates improve significantly at 740 and above.

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 later.

Question 3

How does the conforming loan limit affect me in Sonoma County?

Accepted Answer

Borrowing above the conforming limit means a jumbo loan with stricter requirements and different pricing.

Question 4

Are wildfire-affected properties harder to finance conventionally?

Accepted Answer

Some lenders flag rebuilt or at-risk areas for extra review. We work with lenders experienced in Sonoma County properties.

Question 5

How does a conventional loan compare to FHA in Santa Rosa?

Accepted Answer

Conventional rewards strong credit with no permanent mortgage insurance. FHA offers more flexibility but costs more long-term.

Question 6

What debt-to-income ratio do I need?

Accepted Answer

Under 43% is the standard ceiling. Aim for under 36% to strengthen your approval and rate.

Conventional Loans in Santa Rosa, CA