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in Calabasas, CA
Calabasas sits in the high-value LA County market where loan limits matter. Most properties here push past conforming limits, making this a jumbo versus conventional decision for many buyers.
The line between these loans is $806,500 for a single-family home in 2025. Above that, you're in jumbo territory with different rules and often better rates than you'd expect.
Conventional loans work up to $806,500 in Los Angeles County. They're backed by Fannie Mae or Freddie Mac, which standardizes underwriting and keeps costs predictable.
You can put down as little as 3% with strong credit. PMI applies below 20% down but drops off once you hit that equity threshold.
Credit requirements start at 620 for most lenders. Higher scores unlock better rates and lower down payment options through our network of wholesale lenders.
Jumbo loans handle anything above $806,500. No government backing means lenders set their own standards, but competition keeps rates sharp for qualified borrowers.
Expect 10-20% down depending on loan size and your profile. The larger the loan, the more reserves lenders want to see in your accounts.
Credit scores typically need to hit 700 minimum. Many jumbo lenders prefer 720+ and want to see 6-12 months of reserves after closing.
Down payment differs most. Conventional lets you start at 3%, while jumbo usually requires 10% minimum. That's $24,000 versus $100,000 on a $1 million property.
Credit standards tighten on jumbo loans. Conventional approves at 620, but jumbo wants 700 minimum. Debt-to-income limits also drop from 50% to typically 43% on jumbo.
Rates vary by borrower profile and market conditions. Jumbo rates often beat conventional for strong profiles because lenders compete hard for qualified high-balance borrowers.
Buy under $806,500 and conventional wins on flexibility. Lower down payment, easier credit approval, and standard underwriting make it the default choice.
Above that limit, jumbo is your only conforming option. Focus on building a strong profile: 720+ credit, 20% down, and solid reserves make you attractive to jumbo lenders.
Some Calabasas buyers split the difference with a conventional first and HELOC or second mortgage. That works when you want to preserve cash but still avoid full jumbo underwriting.
The conforming limit is $806,500 in Los Angeles County for 2025. Anything above that requires jumbo financing.
Not necessarily. Jumbo rates are competitive for borrowers with 720+ credit and 20% down. We often find jumbo rates matching or beating conventional.
Yes, but expect higher rates and stricter requirements. Most lenders prefer 20% down on jumbo loans above $1 million.
Most jumbo lenders require 700 minimum. Scores above 740 unlock the best rates and terms.
No. Jumbo loans don't use PMI. Lenders manage risk through higher credit standards and down payment requirements instead.
Only if buying under $806,500. Some buyers use a first mortgage at the conforming limit plus a second loan to avoid full jumbo underwriting.