Loading
Loading
Turlock sits in Stanislaus County, where home prices stay well below coastal California. That keeps most purchases squarely inside conforming loan limits.
Conforming loans follow Fannie Mae and Freddie Mac guidelines. That means competitive rates and broad lender availability — advantages most Turlock buyers can actually use.
620
Min Credit Score
3%
Min Down Payment
~45%
Max DTI
6.57% (4/3/26)
30-Yr Fixed (Ref.)
Conforming Loans in Turlock
Most lenders want a 620 minimum credit score. Score above 740 and you get the best pricing tiers.
Debt-to-income ratio — your monthly debts divided by gross income — should stay under 45%. Strong reserves or income can sometimes push that higher.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Turlock.
Turlock sits in Stanislaus County, where home prices stay well below coastal California. That keeps most purchases squarely inside conforming loan limits.
Conforming loans follow Fannie Mae and Freddie Mac guidelines. That means competitive rates and broad lender availability — advantages most Turlock buyers can actually use.
Most lenders want a 620 minimum credit score. Score above 740 and you get the best pricing tiers.
Conforming loans trade on the secondary market. That competition among lenders keeps rates tighter than almost any other loan type.
HousingWire flagged a 10.4% drop in mortgage applications as the 30-year fixed hit 6.57%. Fewer buyers applying means lenders are competing harder for each deal right now.
Turlock buyers often overlook how much lender selection matters on a conforming loan. Same borrower, same property — rates can differ by 0.25% or more across lenders.
We run your file across wholesale lenders, not just retail banks. That difference alone can save thousands over the life of a 30-year loan.
FHA loans let you go down to 580 credit and 3.5% down. But they require mortgage insurance for the life of the loan in most cases. Conforming loans drop PMI once you hit 20% equity.
Jumbo loans cover higher-priced properties but come with stricter reserves and higher rates. If your purchase stays under the conforming limit, there is no reason to go jumbo.
Stanislaus County is not a high-cost area under FHFA rules. Standard conforming limits apply here — not the elevated limits you see in Bay Area counties.
Turlock's agricultural economy means some buyers have variable or seasonal income. Conforming guidelines can handle that, but documentation needs to be solid and consistent.
Stanislaus County uses the standard FHFA baseline limit. It is not a designated high-cost area, so you won't get the elevated limits seen in Bay Area counties.
Yes. Fannie Mae's HomeReady and Freddie Mac's Home Possible programs allow 3% down. Income limits and credit requirements apply.
Yes. Once you reach 20% equity, you can request PMI removal. FHA loans rarely drop mortgage insurance without a refinance.
Conforming is a subset of conventional. All conforming loans are conventional, but not all conventional loans conform to Fannie and Freddie limits.
Conforming loans use risk-based pricing. A 740+ score gets the best tier. Dropping below 680 adds meaningful cost to your rate.
Yes, but you need two years of tax returns and consistent income. Lenders use your net income after write-offs, not gross revenue.