Question 1

What credit score do I need for a conventional loan in Exeter?

Accepted Answer

Most lenders require a 620 minimum. Scores above 740 get the best rate tiers and lowest PMI costs.

Question 2

Can I use conventional financing if I'm self-employed in Tulare County?

Accepted Answer

Yes, but lenders want two years of tax returns. Aggressive write-offs can reduce your qualifying income.

Question 3

Do I have to pay PMI on a conventional loan?

Accepted Answer

Only if you put down less than 20%. PMI cancels once you reach 20% equity — unlike FHA mortgage insurance.

Question 4

How does conventional compare to FHA for Exeter buyers?

Accepted Answer

Conventional costs less long-term if your credit qualifies. FHA suits buyers with lower scores or limited savings.

Question 5

What's the maximum loan amount for a conventional loan in Tulare County?

Accepted Answer

Tulare County follows the standard conforming loan limit. Exeter home prices typically fall well within that ceiling.

Question 6

Can I buy a property with farmland using a conventional loan?

Accepted Answer

Not if the land is income-producing agricultural acreage. Residential lots with small hobby parcels are reviewed case by case.

Conventional Loans in Exeter, CA — Competitive Rates, Real Flexibility