Question 1

What's the 2026 conforming loan limit in Los Angeles County?

Accepted Answer

$832,750 for single-family homes. Anything above requires jumbo financing regardless of your credit or down payment.

Question 2

Do jumbo loans have higher interest rates?

Accepted Answer

Typically 0.25-0.50% higher than conventional rates. The gap narrows with larger down payments and excellent credit.

Question 3

Can I avoid PMI with a conventional loan?

Accepted Answer

Yes, with 20% down. Below that, you'll pay PMI until reaching 78% loan-to-value through payments or appreciation.

Question 4

What credit score do I need for a jumbo loan?

Accepted Answer

Most lenders require 700 minimum. Some programs go to 680 with compensating factors like 25% down or significant reserves.

Question 5

How much reserves do jumbo lenders require?

Accepted Answer

Six months minimum for loans under $1.5M. Twelve months for larger amounts, more for multiple properties or investment homes.

Conventional vs Jumbo Loans in Rolling Hills: Which Finances Your Estate?