Question 1

What is the conforming loan limit for Tulare County?

Accepted Answer

Tulare County uses the standard FHFA baseline limit. It is not a high-cost county, so you won't get an elevated cap.

Question 2

Can I use a conforming loan for a farm property in Exeter?

Accepted Answer

It depends on acreage and how the property is classified. Residential conforming loans require the home to be the primary collateral.

Question 3

What credit score do I need for a conforming loan?

Accepted Answer

Most lenders require a 620 minimum. Scores above 740 get the best pricing.

Question 4

How much down payment do conforming loans require?

Accepted Answer

As little as 3% down on some programs. Putting down 20% eliminates private mortgage insurance entirely.

Question 5

Is a conforming loan better than FHA in Exeter?

Accepted Answer

For borrowers with 620+ credit, usually yes. Conforming PMI cancels automatically; FHA mortgage insurance stays until you refinance.

Conforming Loans in Exeter, CA — Rates That Make Sense