Question 1

What is the conforming loan limit for Tehama County?

Accepted Answer

Tehama County uses the standard national conforming limit set by Fannie Mae and Freddie Mac. Most Corning purchases fall well under that ceiling.

Question 2

Can I use a conforming loan on a property with farmland?

Accepted Answer

Yes, but the home must be the primary collateral. Excess acreage or working farm structures can complicate the appraisal and lender approval.

Question 3

How does my credit score affect my conforming loan rate?

Accepted Answer

Scores below 680 cost you in rate adjustments. Hitting 740 or higher gets you top-tier pricing with no score-based penalties.

Question 4

Is a conforming loan better than FHA in Corning?

Accepted Answer

For borrowers with 620+ credit and 5% down, conforming usually wins. PMI cancels; FHA mortgage insurance often doesn't.

Question 5

How long does conforming loan approval take?

Accepted Answer

Most conforming loans close in 21-30 days. Rural appraisals in Tehama County can add time — plan for 30 days to be safe.

Conforming Loans in Corning, CA — Straightforward Financing at the Best Rate