Question 1

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

Accepted Answer

Minimum is 620. You'll want 740+ to access the best rates and avoid pricing hits known as loan-level price adjustments.

Question 2

Can I put 3% down on a conventional loan?

Accepted Answer

Yes, some conventional programs allow 3% down for first-time buyers. PMI applies until you reach 20% equity.

Question 3

How does conventional compare to FHA in Yuba County?

Accepted Answer

Conventional wins on total cost if your credit is strong. FHA charges mortgage insurance for the life of the loan — conventional PMI cancels.

Question 4

Are conventional loan limits high enough for Marysville homes?

Accepted Answer

In most cases, yes. Yuba County home prices typically fall well within conforming loan limits, so jumbo financing usually isn't needed.

Question 5

Does a flood zone affect my conventional loan approval?

Accepted Answer

It doesn't block approval, but lenders will require flood insurance. That adds to your monthly payment and affects your debt-to-income ratio.

Question 6

Why use a broker instead of going to my bank?

Accepted Answer

Brokers shop your file across dozens of wholesale lenders. Banks only quote their own rates, which rarely beat wholesale pricing.

Conventional Loans in Marysville, CA