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Davis is a tight, high-demand market anchored by UC Davis. Buyers here are often well-qualified — and conventional loans reward that.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping over 10%. In Davis, strong borrower profiles still command the best conventional pricing. Rates vary by borrower profile and market conditions.
620
Min Credit Score
20%
Down Payment (No PMI)
6.57%*
30-Yr Fixed (Recent)
45%
Max DTI (Typical)
At 20% equity
PMI Removal
Conventional Loans in Davis
Most conventional loans require a 620 minimum credit score. To avoid PMI — private mortgage insurance — you need 20% down.
Debt-to-income ratio matters here. Most lenders cap it at 45%. Some go to 50% with strong compensating factors like reserves or high credit scores.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Davis.
Davis is a tight, high-demand market anchored by UC Davis. Buyers here are often well-qualified — and conventional loans reward that.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping over 10%. In Davis, strong borrower profiles still command the best conventional pricing. Rates vary by borrower profile and market conditions.
Most conventional loans require a 620 minimum credit score. To avoid PMI — private mortgage insurance — you need 20% down.
We work with 200+ wholesale lenders. That means we shop conventional pricing across the market — not just one bank's rate sheet.
Retail banks give you one offer. We get competing bids. On a Davis purchase, that difference can mean hundreds per month.
Davis prices are high relative to Yolo County norms. Many buyers here land right at the conforming loan limit — or just above it.
If you're above conforming limits, we check jumbo. If you're below, conventional conforming usually wins on rate. Knowing the cutoff matters.
FHA loans accept lower credit scores but add mortgage insurance for the loan's life. Conventional PMI drops off at 20% equity.
ARMs have drawn more interest as fixed rates climbed. For Davis buyers planning to stay long-term, a fixed conventional often still makes more sense.
Davis sits in Yolo County, which has its own appraisal dynamics. Properties near campus can appraise inconsistently — that affects your loan-to-value.
Condos in Davis need to meet conventional warrantability standards. Not every complex qualifies. Verify before you write an offer.
Most lenders require a 620 minimum. Better rates kick in at 740 and above.
Yes — put 20% down and PMI never applies. It also cancels once you hit 20% equity.
Loans above the conforming limit become jumbo. Jumbo has stricter requirements and different pricing.
Some are, some aren't. Conventional lenders require condo projects to meet warrantability standards — check before making an offer.
We shop your file across 200+ lenders. You get competing offers, not just one bank's rate.