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Wheatland sits in Yuba County — a rural stretch of Northern California where home prices run well below the Bay Area. Conventional loans fit this market well.
HousingWire flagged a 10.4% weekly drop in mortgage applications as the 30-year fixed hit 6.57%. For Wheatland buyers, that rate environment means your qualifying income matters more than ever.
6.57% (Apr 2026)
30-Year Fixed (Benchmark)
620
Min Credit Score
20%
Down to Avoid PMI
45%
Max DTI (Typical)
At 20% equity
PMI Removal
Conventional Loans in Wheatland
Most conventional loans require a 620 minimum credit score. To avoid private mortgage insurance (PMI), you need 20% down.
Debt-to-income ratio (DTI) — your monthly debts divided by gross income — should stay under 45%. Stronger credit can push that ceiling higher.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Wheatland.
Wheatland sits in Yuba County — a rural stretch of Northern California where home prices run well below the Bay Area. Conventional loans fit this market well.
HousingWire flagged a 10.4% weekly drop in mortgage applications as the 30-year fixed hit 6.57%. For Wheatland buyers, that rate environment means your qualifying income matters more than ever.
Most conventional loans require a 620 minimum credit score. To avoid private mortgage insurance (PMI), you need 20% down.
Most banks offer conventional loans, but their pricing varies widely. A broker with access to 200+ wholesale lenders finds rates retail banks simply don't advertise.
Yuba County is a smaller market. Not every lender prices rural properties aggressively. Wholesale access changes that dynamic fast.
Wheatland deals often involve larger lot sizes or rural features. Some lenders add overlays — extra requirements beyond standard guidelines — on these properties.
A buyer with 10% down and a 740 credit score gets a very different rate than someone at 620 with 5% down. Know where you stand before you shop.
FHA loans accept lower credit scores and smaller down payments — but they charge mortgage insurance for the life of the loan. Conventional PMI drops off at 20% equity.
Jumbo loans kick in above conforming loan limits. Most Wheatland purchases stay well below that threshold, making conventional the cleaner choice.
Yuba County properties sometimes include agricultural components. Conventional lenders will scrutinize mixed-use or large acreage parcels more closely.
Wheatland's proximity to Beale Air Force Base brings a steady buyer pool. VA loans compete here — but conventional works better for buyers without VA eligibility.
Most lenders require 620 minimum. A score above 740 gets you the best pricing.
Yes, but lender overlays apply. Agricultural income from the land complicates things — disclose that upfront.
20% down eliminates PMI entirely. Below that, PMI applies but cancels once you hit 20% equity.
A broker shops your file across 200+ wholesale lenders. Banks only show you their own rates.
Yuba County conforming limits cover the majority of local purchases. Jumbo is rarely needed here.
Rates are elevated as of April 2026. Your credit score and down payment still control the spread you pay.