Question 1

What is the conforming loan limit for Tehama County?

Accepted Answer

Tehama County uses the standard FHFA baseline conforming limit. Loans below that limit qualify for conventional conforming guidelines.

Question 2

Can I use a conforming loan to buy rural property in Red Bluff?

Accepted Answer

Yes, but the property must meet Fannie Mae or Freddie Mac guidelines. Excess acreage or mixed-use characteristics can complicate approval.

Question 3

Do I need 20% down for a conforming loan?

Accepted Answer

No. Some conforming programs allow as little as 3% down. Under 20% down triggers private mortgage insurance, or PMI.

Question 4

How is a conforming loan different from a conventional loan?

Accepted Answer

Conforming is a subset of conventional. All conforming loans are conventional, but conventional loans above the limit are jumbo — not conforming.

Question 5

Is a fixed or adjustable rate better on a conforming loan in Red Bluff?

Accepted Answer

For buyers planning to stay long-term, fixed rates remove future payment uncertainty. ARMs trade short-term savings for rate risk.

Conforming Loans in Red Bluff, CA