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Conforming Loans in Exeter
Most Exeter purchases fall well under the 2024 conforming limit of $766,550. That means buyers here get access to the lowest rates in the mortgage market.
Conforming loans dominate Tulare County because property values align perfectly with Fannie Mae and Freddie Mac standards. Lenders compete hard for this business.
Single-family homes and small farms in Exeter rarely bump against loan limits. You're shopping in the sweet spot where rates stay competitive and terms stay flexible.
You need 620 minimum credit for most conforming programs, though 680+ unlocks better pricing. Income verification follows standard employment rules.
Down payments start at 3% for first-time buyers and 5% for repeat purchases. Debt-to-income caps at 50% with compensating factors.
Property must appraise and pass standard inspections. Rural Exeter properties sometimes need septic and well inspections that urban homes skip.
SRK Capital shops your conforming loan across 200+ wholesale lenders. Rate differences of 0.25% to 0.50% are common between lenders on the same day.
Credit unions and local banks compete with national lenders in Tulare County. We track which ones move fastest on rural appraisals and septic approvals.
Overlays matter more than base guidelines. Some lenders won't touch properties over 5 acres or with agricultural zoning, even when Fannie Mae allows it.
Exeter buyers often carry lower debt ratios than urban California borrowers. That's your leverage for better pricing and flexible terms.
Watch property type carefully. A house on 3 acres prices like a standard conforming loan. Hit 5+ acres and some lenders reclassify it, killing your rate.
Pre-approval speed matters in Tulare County's tight inventory. We keep underwriter relationships warm so your offer doesn't wait 72 hours for initial review.
FHA loans cost more in Exeter. You'll pay upfront mortgage insurance plus monthly premiums that conforming loans avoid with 20% down.
Jumbo loans rarely make sense here unless you're buying premium citrus acreage. Conforming limits cover 95% of Exeter's housing stock.
Conventional loans with 5% down beat FHA in total costs if your credit exceeds 680. We run both scenarios and show you real monthly payment differences.
Tulare County appraisers know agricultural property values. Your lender needs an appraiser who won't flag citrus groves or outbuildings as problems.
Water rights and well reports affect conforming loan approval in rural Exeter. Order these early because they take 2-3 weeks and lenders won't waive them.
Flood zone properties near the Kaweah River require specific insurance. Factor this into your payment calculations before locking your rate.
$766,550 for single-family homes. This covers nearly all residential properties in Tulare County.
Yes, up to certain acreage limits that vary by lender. Most allow up to 10 acres if the property is primarily residential.
680+ gets standard pricing. Each 20-point drop below that costs roughly 0.25% in rate or adds upfront fees.
Only when you put down less than 20%. Hit that threshold and you eliminate the monthly PMI payment.
Standard suburban homes close in 21-30 days. Rural properties with wells and septic add 7-10 days for inspections.
Property must be habitable and pass appraisal. Major structural issues or missing systems will kill the deal.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.