Loading
Loading
Modesto sits in Stanislaus County, where home prices remain well below coastal California. That keeps most purchases within conforming loan limits — no jumbo required.
HousingWire flagged the 30-year fixed hitting 6.57% with applications down over 10% week-over-week. For Modesto buyers, conforming rates still beat jumbo pricing by a meaningful margin.
620
Min Credit Score
As low as 3%
Down Payment
20% Down
PMI Required Below
Fixed or ARM
Rate Type
21–30 Days
Typical Close Time
Conforming Loans in Modesto
You need a minimum 620 credit score for most conforming loans. Put down 20% and you skip private mortgage insurance entirely.
Debt-to-income ratio — your monthly debts divided by gross income — must stay under 45% for standard approvals. Some automated systems go to 50% with strong compensating factors.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Modesto.
Modesto sits in Stanislaus County, where home prices remain well below coastal California. That keeps most purchases within conforming loan limits — no jumbo required.
HousingWire flagged the 30-year fixed hitting 6.57% with applications down over 10% week-over-week. For Modesto buyers, conforming rates still beat jumbo pricing by a meaningful margin.
You need a minimum 620 credit score for most conforming loans. Put down 20% and you skip private mortgage insurance entirely.
Conforming loans trade on the secondary market. That means lenders compete hard on price. We shop your file across 200+ wholesale lenders to find the sharpest rate.
Retail banks quote one rate. Brokers quote many. On a conforming loan in Modesto, that difference often adds up fast over a 30-year term.
Conforming loans are the cleanest approval process we run. W-2 income, two years of tax returns, and a decent credit profile — lenders price these aggressively.
Where we add value is in loan-level pricing adjustments. Your credit score tier, loan-to-value ratio, and property type all shift your rate. We know which lenders price those factors best.
FHA loans allow lower credit scores but add upfront and monthly mortgage insurance. For buyers with 620+ credit and 5% down, conforming usually wins on total cost.
Jumbo loans kick in above the conforming limit. In Stanislaus County, staying under that threshold means better pricing and simpler underwriting.
Stanislaus County conforming loan limits apply county-wide. Modesto's price range means most buyers never hit the ceiling — which is a genuine advantage here.
The Central Valley market moves differently than the Bay Area. Less bidding-war pressure means more time to shop lenders properly and close without waiving contingencies.
Stanislaus County follows the standard conforming limit set by the FHFA. Most Modesto purchases fall comfortably under that ceiling.
No. Most conforming loans approve at 620. Higher scores get better pricing — every tier matters.
PMI is required below 20% down. It drops off once you reach 20% equity in the home.
Yes, but lenders use your net income after deductions. Two years of tax returns are required.
Usually yes, if your credit is 620 or above. FHA adds mortgage insurance that's harder to remove.
Clean files with W-2 income typically close in 21 to 30 days. Complex income takes longer.