Loading
Loading
Weaverville sits in Trinity County's tight-knit market where $937,500 purchases are rare but achievable. At 5.875%, a $750,000 conventional loan runs $4,437 monthly for principal and interest alone.
Conventional loans dominate this market because they're predictable and don't carry lifetime insurance. With 20% down, you skip PMI entirely and lock in a clean rate. Most buyers here close in 30-45 days without surprises.
5.875%
Interest Rate
$4,437
Monthly P&I
740
Min FICO
20% ($187,500)
Down Payment
30-45 days
Close Timeline
Conventional Loans in Weaverville
Conventional loans in Weaverville require 740+ FICO for the best pricing. Down payment ranges from 5% to 25%, though 20% eliminates PMI.
Lenders typically want 6-12 months of reserves at this price point. Debt-to-income ratio caps at 43-50% depending on the lender. Self-employed borrowers face tighter scrutiny, but W-2 income and rental history work smoothly here.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Weaverville.
Weaverville sits in Trinity County's tight-knit market where $937,500 purchases are rare but achievable. At 5.875%, a $750,000 conventional loan runs $4,437 monthly for principal and interest alone.
Conventional loans dominate this market because they're predictable and don't carry lifetime insurance. With 20% down, you skip PMI entirely and lock in a clean rate. Most buyers here close in 30-45 days without surprises.
Conventional loans in Weaverville require 740+ FICO for the best pricing. Down payment ranges from 5% to 25%, though 20% eliminates PMI.
California's conventional market is dominated by Fannie Mae and Freddie Mac agencies. Brokers like ours access 20+ lenders competing on rate and speed. Retail banks move slower but offer relationship perks; brokers close faster and shop rates across the board.
Underwriting timelines run 15-20 days for clean files, 25-30 for anything complex. Trinity County's small population means fewer local lenders, so remote closing is standard. Most loans fund within 45 days of application.
Conventional makes sense in Weaverville above $600,000 because PMI costs more than the rate premium you'd pay on FHA. At $750,000, conventional pencils cleanly — you avoid lifetime insurance and the upfront 1.75% MIP hit.
The real win here is predictability. Your rate doesn't change, your payment doesn't change, and PMI cancels at 78% LTV automatically. In a county where most buyers stay put, that stability matters more than chasing 0.25% on an ARM.
FHA loans run lower rates but carry mortgage insurance for the life of the loan unless you refinance. At $937,500, that's roughly $200-250 monthly forever — conventional's PMI-free path saves real money over 30 years.
VA loans offer zero down for eligible veterans, but you're paying a funding fee instead of PMI. Conventional's 20% down costs less upfront and avoids both PMI and funding fees. If you're not VA-eligible, conventional is the cleaner choice at this price.
Weaverville's remote location means your mortgage timeline matters. Most lenders here work remote-only, so you'll sign documents electronically and fund via wire. That's faster than driving to a branch — expect closing in 30-45 days if your file is clean.
Trinity County's small population keeps inventory tight. When you find the right property, you need to move fast. A conventional loan with a 30-day lock gives you certainty while your inspection and appraisal happen.
At 5.875% on a $750,000 loan, principal and interest run $4,437 monthly. Add property taxes, insurance, and HOA if applicable. This assumes a $937,500 purchase with $187,500 down (20% LTV), 740 FICO, 30-day lock as of April 13, 2026.
Yes. 20% down (80% LTV) is the threshold where PMI cancels completely. Below 20%, you pay PMI until you hit 78% LTV through paydown. At 20% down, there's no PMI and no rate penalty — you get the full benefit of conventional pricing.
Clean files close in 30-45 days. Weaverville's remote market means everything happens electronically — no in-person branch visits. Appraisal and title work run parallel, so a 30-day lock covers you through closing if there are no surprises.
740+ FICO gets you the best rates and terms. Some lenders go as low as 620, but you'll pay higher rates and need larger reserves. At $937,500, most lenders want 740+ and 6-12 months of reserves in the bank.
Yes, but you'll pay PMI. At 10% down (90% LTV), PMI runs roughly $200-300 monthly depending on the lender. At 15% down (85% LTV), it's lower. PMI cancels at 78% LTV through paydown, so you're not stuck forever — but 20% down avoids it entirely.