Question 1

What is the conforming loan limit for Ventura County?

Accepted Answer

Ventura County's limit exceeds the national baseline due to higher local home values. Confirm the current year's limit with your broker before pricing a loan.

Question 2

Can I put less than 20% down on a conforming loan?

Accepted Answer

Yes. Conforming loans allow as little as 3% down. You'll pay PMI until you reach 20% equity, then you can cancel it.

Question 3

How does my credit score affect my conforming rate?

Accepted Answer

Scores below 680 trigger rate adjustments called LLPAs. A 740 or higher score gets you the cleanest pricing available.

Question 4

Is a conforming loan better than FHA in Camarillo?

Accepted Answer

Usually yes, if your credit is 680 or above. Conforming PMI cancels at 20% equity — FHA mortgage insurance often doesn't.

Question 5

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

Accepted Answer

Most conforming loans close in 21 to 30 days. Having clean documentation ready speeds that up significantly.

Conforming Loans in Camarillo, CA