Question 1

What is the conforming loan limit for Tulare County?

Accepted Answer

Tulare County uses the standard conforming limit set annually by the FHFA. Most Woodlake purchases fall well below it.

Question 2

Can I use a conforming loan to buy a home with 3% down?

Accepted Answer

Yes. Some conforming programs allow as little as 3% down. You'll pay PMI until you reach 20% equity.

Question 3

How does my credit score affect my conforming loan rate?

Accepted Answer

Scores above 740 get the best pricing. Every tier below that raises your rate — sometimes significantly.

Question 4

Is a conforming loan better than FHA for Woodlake buyers?

Accepted Answer

Often yes, if your credit score is 680 or higher. Conforming PMI can be removed — FHA MIP usually sticks longer.

Question 5

What income types are hardest to qualify with for conforming loans?

Accepted Answer

Seasonal ag work and self-employment are the toughest. Lenders want two full years of documented earnings for both.

Question 6

How long does a conforming loan take to close in Woodlake?

Accepted Answer

Typically 21–30 days with complete documentation. Appraisal delays in thin markets can push that out.

Conforming Loans in Woodlake, CA — Straightforward Financing