Question 1

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

Accepted Answer

Most lenders require a 620 minimum. Higher scores get better rates — 740 and above puts you in the best pricing tier.

Question 2

Can I use farm or seasonal income to qualify?

Accepted Answer

Yes, but lender guidelines vary significantly. Some handle ag income well; others don't. Working with a broker helps you find the right fit.

Question 3

How much do I need to put down?

Accepted Answer

Conventional loans allow as little as 3% down. Put down 20% and you skip PMI entirely.

Question 4

Is a conventional loan better than FHA for Tulare buyers?

Accepted Answer

For borrowers with 620+ credit and 5%+ down, conventional usually wins. PMI goes away; FHA mortgage insurance doesn't.

Question 5

What is the conforming loan limit in Tulare County?

Accepted Answer

Tulare County follows the standard conforming loan limit. Most home purchases here fall under that cap with room to spare.

Question 6

How long does a conventional loan take to close?

Accepted Answer

Typically 21 to 30 days with a complete file. Missing documents are the most common cause of delays.

Conventional Loans in Tulare, CA