Question 1

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

Accepted Answer

Lenders require a minimum 620 score. You'll get meaningfully better rates at 740 or above.

Question 2

Can I use a conventional loan with a small down payment?

Accepted Answer

Yes. Conventional loans go as low as 3% down. PMI applies until you reach 20% equity.

Question 3

How does self-employment income affect my conventional approval?

Accepted Answer

Lenders want 2 years of tax returns and will average your net income. Write-offs can hurt your qualifying income.

Question 4

Is a conventional loan better than FHA for Visalia buyers?

Accepted Answer

If your score is above 680 and you have 5% or more down, conventional usually costs less long-term.

Question 5

What is the conforming loan limit for Tulare County?

Accepted Answer

Tulare County follows the standard conforming limit. Most Visalia home prices fall comfortably within that range.

Conventional Loans in Visalia, CA