Loading
Loading
Aliso Viejo sits in one of Orange County's most competitive submarkets. Conventional loans are the dominant financing tool here — not FHA, not VA.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. For conventional borrowers, rate sensitivity matters more than ever right now.
620
Min Credit Score
3%
Min Down Payment
20% Equity
PMI Cancels At
6.57%*
30-Yr Fixed (National)
200+
Lenders We Access
Conventional Loans in Aliso Viejo
Most conventional lenders want a 620 minimum credit score. To get competitive pricing in Aliso Viejo's price range, 740+ puts you in a different tier entirely.
Standard down payment is 3-5% for first-time buyers. Put 20% down and you skip private mortgage insurance (PMI) — the monthly fee lenders charge when your equity is low.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Aliso Viejo.
Aliso Viejo sits in one of Orange County's most competitive submarkets. Conventional loans are the dominant financing tool here — not FHA, not VA.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. For conventional borrowers, rate sensitivity matters more than ever right now.
Most conventional lenders want a 620 minimum credit score. To get competitive pricing in Aliso Viejo's price range, 740+ puts you in a different tier entirely.
Retail banks give you one rate sheet. As a wholesale broker, we shop across 200+ lenders to find who's pricing conventional loans most aggressively this week.
Not every lender treats condo purchases, investment properties, or high-balance loans the same way. Pricing overlays vary — that's where a broker earns the difference.
Aliso Viejo has a heavy condo and townhome mix. Conventional financing on a non-warrantable condo — one that fails Fannie Mae's project approval — kills deals fast.
Before you fall in love with a unit, verify the HOA's litigation status and owner-occupancy ratios. Those two factors alone knock out more buyers than credit scores do.
FHA loans accept lower credit scores but add mortgage insurance for the loan's life. Conventional PMI drops off once you hit 20% equity — that's a real long-term cost difference.
Jumbo loans cover what conventional conforming limits don't. In Orange County, the 2026 conforming limit determines where conventional ends and jumbo begins.
Orange County qualifies for high-balance conventional loans. That higher limit gives buyers more room before crossing into jumbo territory and stricter guidelines.
Aliso Viejo's condo-heavy inventory means you'll run into project approval issues regularly. A broker who checks warrantability upfront saves you a wasted 30-day escrow.
Lenders require a 620 minimum. Aim for 740+ to access the best rate tiers on Orange County price points.
Yes, but the condo project must meet Fannie Mae or Freddie Mac approval standards. HOA issues can disqualify a unit regardless of your credit.
As little as 3% for first-time buyers. Put 20% down and you avoid PMI entirely.
Lenders must cancel PMI when your equity reaches 20%. That's a key advantage over FHA, where mortgage insurance often stays for the loan's life.
It's a conventional loan above the standard conforming limit but below jumbo thresholds. Orange County qualifies, giving buyers more purchasing power before stricter jumbo rules apply.
A bank offers one rate. We shop across 200+ wholesale lenders to find who prices your specific loan profile most competitively this week.