Question 1

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

Accepted Answer

Most lenders require a 620 minimum. A 740+ score gets you the best pricing available.

Question 2

Can I buy a cabin or vacation home with a conventional loan?

Accepted Answer

Yes. Second homes in Tuolumne County qualify, but expect 10% down and slightly higher rates.

Question 3

Does a property with a well and septic affect conventional approval?

Accepted Answer

It adds steps. The well and septic must meet lender standards, which often requires an inspection.

Question 4

When does PMI go away on a conventional loan?

Accepted Answer

PMI cancels automatically when your loan balance reaches 78% of the original home value.

Question 5

How does the conforming loan limit affect Sonora buyers?

Accepted Answer

Most Sonora purchases fall within the conforming limit. That keeps you in conventional territory without jumbo complexity.

Conventional Loans in Sonora, CA