Question 1

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

Accepted Answer

Lenders require a 620 minimum. Scores above 740 get the sharpest pricing available.

Question 2

Can I put 3% down on a conventional loan?

Accepted Answer

Yes, some programs allow 3% down. You'll pay PMI until you reach 20% equity in the home.

Question 3

How does conventional compare to FHA in Ventura County?

Accepted Answer

Conventional PMI cancels when equity hits 20%. FHA mortgage insurance typically stays for the life of the loan.

Question 4

Do conventional loans have income limits in Moorpark?

Accepted Answer

Standard conventional loans have no income caps. Some 3%-down programs do have limits — ask us which applies.

Question 5

What's the conforming loan limit for Ventura County?

Accepted Answer

Ventura County has a higher-cost conforming limit. Loans above that threshold shift to jumbo guidelines and pricing.

Question 6

How long does a conventional loan take to close in Moorpark?

Accepted Answer

Most conventional purchases close in 21-30 days. Having complete documents ready upfront keeps that timeline on track.

Conventional Loans in Moorpark, CA