Question 1

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

Accepted Answer

Minimum is 620. You'll get meaningfully better rates at 740 or above.

Question 2

Can I avoid PMI with less than 20% down?

Accepted Answer

Not on a standard conventional loan. PMI is required below 20% down but cancels once you reach 80% LTV.

Question 3

Is conventional or FHA better for Porterville buyers?

Accepted Answer

Depends on your credit and down payment. Above 700 credit with 5%+ down, conventional usually costs less overall.

Question 4

How does being self-employed affect my conventional loan?

Accepted Answer

Lenders use your net income after deductions. Large write-offs can reduce your qualifying income significantly.

Question 5

What is the conforming loan limit for Tulare County?

Accepted Answer

Tulare County follows the standard conforming limit. Most Porterville purchases fall comfortably within it.

Conventional Loans in Porterville, CA