Question 1

What is the 2026 conforming loan limit in Los Angeles County?

Accepted Answer

The 2026 conforming limit is $1,249,125. Loans above that amount are jumbo and typically require 20% down and stronger credit.

Question 2

Is San Dimas an FHA high-cost area?

Accepted Answer

Yes. San Dimas qualifies as an FHA high-cost area. The FHA loan limit here is $1,249,125 for 2026.

Question 3

Is San Dimas a VA high-cost area?

Accepted Answer

Yes. San Dimas is designated a VA high-cost area. The VA loan limit for 2026 is $1,249,125.

Question 4

How much do I need to put down on a conventional loan?

Accepted Answer

Conventional loans accept 3% to 5% down for most buyers. Put 20% down to skip PMI entirely.

Question 5

What credit score do I need to buy in San Dimas?

Accepted Answer

Most conventional lenders want 620 or higher. FHA accepts 580 with 3.5% down. VA typically starts at 580. Jumbo loans usually start at 700.

Question 6

How does the LAUSD funding situation affect my home purchase?

Accepted Answer

School funding challenges may impact property values in some neighborhoods. Research specific school ratings before committing to a purchase.

Question 7

Do I need to be a first-time buyer to qualify for FHA?

Accepted Answer

No. FHA is open to all buyers, not just first-time purchasers. The 3.5% down minimum makes it popular for repeat buyers with limited cash.

Question 8

What is the difference between FHA MIP and conventional PMI?

Accepted Answer

FHA MIP runs for the life of the loan if you put down less than 10%. Conventional PMI cancels at 78% LTV. FHA upfront MIP is 1.75% of the loan amount.

Question 9

Can I get a VA loan with zero down in San Dimas?

Accepted Answer

Yes. VA loans allow zero down for eligible veterans and active-duty service members. You'll pay a funding fee instead of PMI.

Question 10

What does the VA funding fee cover?

Accepted Answer

The funding fee replaces PMI on VA loans. It's 2.15% of the loan amount for zero-down first-time users. Disabled veterans with a 10% or higher rating are exempt.

Question 11

How long does it take to close on a home in San Dimas?

Accepted Answer

Most closings take 30 to 45 days from application to funding. Appraisals, title work, and underwriting can extend that timeline.

Question 12

What is a jumbo loan and when do I need one?

Accepted Answer

A jumbo loan exceeds the $1,249,125 conforming limit. You'll need one for homes priced above that threshold. Jumbo loans typically require 20% down and 700+ credit.

Question 13

Can I use USDA financing in San Dimas?

Accepted Answer

San Dimas is not in a USDA-eligible rural area. Conventional, FHA, VA, and jumbo are your main options.

Question 14

How does Los Angeles County's median income affect my qualification?

Accepted Answer

Los Angeles County's median household income is $87,760. Lenders use this figure for some FHA calculations. Most focus on your personal income and debt ratios.

Question 15

What closing costs should I expect in San Dimas?

Accepted Answer

Closing costs typically run 2% to 5% of the purchase price. They include appraisal, title, underwriting, and escrow fees.

San Dimas mortgage questions answered