Question 1

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

Accepted Answer

Most lenders require a 620 minimum. You'll want 740+ to access the best rates and lowest PMI costs.

Question 2

Can I buy in Fillmore with 3% down using a conventional loan?

Accepted Answer

Yes, for first-time buyers. Some programs allow 3% down, though you'll pay PMI until you reach 20% equity.

Question 3

Do conventional loans work for Fillmore's rural properties?

Accepted Answer

Usually yes, but agricultural land or non-standard properties may require extra appraisal review. We know which lenders handle these deals well.

Question 4

How do conventional loans compare to FHA loans in Ventura County?

Accepted Answer

Conventional wins on long-term cost if your credit is strong. FHA is better when your score is below 680.

Question 5

What is the conforming loan limit for Ventura County?

Accepted Answer

Ventura County qualifies for higher conforming limits as a high-cost area. Most Fillmore purchases fall within that range. Rates vary by borrower profile and market conditions.

Question 6

When does PMI go away on a conventional loan?

Accepted Answer

Lenders must cancel PMI when your loan balance drops to 80% of the original home value. You can also request removal once you hit that threshold.

Conventional Loans in Fillmore, CA — Competitive Rates, Flexible Terms