Question 1

What's the conforming loan limit in Industry for 2026?

Accepted Answer

The 2026 conforming limit in Los Angeles County is $1,249,125. Any loan at or below that amount qualifies for conventional financing. Above $1,249,125, you're in jumbo territory.

Question 2

Can I put 5% down on a jumbo loan in Industry?

Accepted Answer

No. Jumbo lenders in California require 10% down minimum. Conventional loans allow 3% to 5% down. Above $1,249,125, the only sub-10%-down option is finding a conventional purchase under the limit.

Question 3

Do I pay PMI on a jumbo loan?

Accepted Answer

No. Jumbo loans skip mortgage insurance entirely. The higher interest rate and larger down payment protect the lender. Conventional loans under 20% down add PMI, which cancels at 80% LTV.

Question 4

How much faster is conventional approval than jumbo?

Accepted Answer

Conventional loans in Industry close in 30 to 45 days. Jumbo loans take 45 to 60 days. The difference comes from portfolio lenders doing deeper underwriting on jumbo files.

Question 5

What credit score do I need for each loan type?

Accepted Answer

Conventional loans start at 620 FICO, though 740+ gets the best rates. Jumbo loans require 700 FICO minimum. Both programs reward higher scores with lower rates.

Conventional vs Jumbo Loans in Industry: Which Fits Your Purchase?