If you’re looking to buy a home in Fresno, CA, you may have heard about conforming loans. These popular mortgage options help make homeownership more accessible by offering lower down payments and competitive interest rates.

At Khan Home Loans LLC, we specialize in helping homebuyers secure the best conforming loan options while navigating county loan limits and eligibility requirements.

What is a Conforming Loan?

A conforming loan is a mortgage that adheres to the loan limits and guidelines established by Fannie Mae and Freddie Mac. These loans follow the rules established by the Federal Housing Finance Agency (FHFA) and offer borrowers the benefit of lower interest rates, smaller down payments, and easier qualification requirements compared to non-conforming loans (such as jumbo loans).

Loan limits vary based on county and the number of units in a home. Each year, Fannie Mae and Freddie Mac adjust these limits based on housing costs in different areas.

Conforming Loan Limits in Fresno, CA

Each county in California has its own conforming loan limits, which set the maximum loan amount before it qualifies as a jumbo loan.

Conforming loan limits in California range from:

• $766,550 (Standard Limit)
• Up to $1,149,825 in High-Cost Areas

If your loan amount exceeds these limits, you may need a jumbo loan, which has stricter requirements such as higher down payments, credit score minimums, and reserve requirements.

Why Loan Limits Matter

If you are buying near county lines, it’s important to check loan limits before making a decision.

For example:

✔ Los Angeles County & Orange County have a higher limit of $1,149,825.
✔ Riverside County & San Bernardino County have a lower limit of $766,550.

If you’re purchasing a $800,000 home in Los Angeles or Orange County, you can still qualify for a conforming loan. But if you’re buying in Riverside or San Bernardino, this would be classified as a jumbo loan, requiring a higher down payment and stricter approval requirements.

Benefits of a Conforming Loan

✔ Lower Down Payments – As low as 3% down for eligible borrowers.
✔ Lower Interest Rates – Conforming loans generally have better rates than jumbo loans.
✔ Easier Qualification – More flexible debt-to-income (DTI) ratios and credit score requirements.
✔ Lower Reserve Requirements – Unlike jumbo loans, conforming loans don’t require months of cash reserves.
✔ FHA & VA Loan Options Available – Some conforming loans can be used with government-backed mortgage programs.

Conforming Loan vs. Jumbo Loan – Key Differences

Feature	Conforming Loan	Jumbo Loan
Loan Limit	Up to $1,149,825 in high-cost areas	Above conforming limits
Down Payment	As low as 3%	Starts at 10.01%
Interest Rates	Lower rates	Higher rates
Credit Score	More flexible	Stricter requirements
Debt-to-Income (DTI)	Flexible	Lower DTI required
Reserve Requirements	No reserves required	Requires several months of cash reserves
Approval Process	Easier	More documentation required

If your loan exceeds the conforming limit, a jumbo loan may be required, which comes with higher down payments, stricter credit requirements, and cash reserve requirements.

How to Qualify for a Conforming Loan in Fresno, CA

To qualify for a conforming mortgage, you typically need:

✔ Minimum Credit Score of 620 (higher scores may secure better interest rates)
✔ Debt-to-Income (DTI) Ratio under 45% (exceptions may apply).
✔ Stable Income & Employment History.
✔ Down Payment as Low as 3% (available for first-time homebuyers).
✔ Property Appraisal that meets conforming loan guidelines.

Every lender may have slightly different requirements, but at Khan Home Loans LLC, we work with a variety of mortgage programs to help you find the best loan that fits your budget.

Why Get Pre-Approved Before House Hunting?

🏡 Faster Home Buying Process – Sellers take offers from pre-approved buyers more seriously.
💰 Know Your Budget – Avoid wasting time looking at homes outside your price range.
📉 Lock in the Best Interest Rate – Secure the lowest rate available before market changes.
🔑 Competitive Advantage in Fresno’s Housing Market – A pre-approval letter makes your offer stronger in a competitive market.

At Khan Home Loans LLC, we provide quick and hassle-free pre-approvals so you can shop for your dream home with confidence.

Why Choose Khan Home Loans LLC for Your Conforming Loan in Fresno, CA?

🏡 Local Mortgage Experts – We understand the Fresno housing market.
✅ Personalized Loan Solutions – Tailored loan programs designed to fit your unique financial situation.
💰 Competitive Interest Rates – We work with multiple lenders to secure the best rates.
🚀 Fast Approvals & Closing Process – We streamline the process for a smooth transaction.

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