Question 1

What is the conforming loan limit for Ventura County?

Accepted Answer

FHFA sets county-specific limits annually. Check the current limit before you shop — it determines whether you need conforming or jumbo pricing.

Question 2

Can I get a conforming loan with less than 20% down?

Accepted Answer

Yes. You can put as little as 3% down. You'll pay PMI until you reach 20% equity, then it drops off.

Question 3

How does my credit score affect my conforming rate?

Accepted Answer

Fannie Mae uses risk-based pricing. A 740+ score gets the sharpest rate. Below 680 and your rate climbs noticeably.

Question 4

Is a conforming loan better than FHA in San Buenaventura?

Accepted Answer

For borrowers with 620+ credit and 20% down, conforming wins on cost. FHA makes more sense below that credit range.

Question 5

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

Accepted Answer

A clean conforming file typically closes in 21-30 days. Missing documents are the main cause of delays.

Question 6

Do conforming loans work for condos in Ventura?

Accepted Answer

Yes, but the condo project must be Fannie Mae or Freddie Mac approved. Some buildings in the area don't qualify — check early.

Conforming Loans in San Buenaventura: Rate-Smart Buying on the Ventura Coast