Question 1

What is the conforming loan limit in Orange County?

Accepted Answer

Orange County qualifies for high-balance conforming limits above the national baseline. Check current Fannie Mae limits before assuming you need a jumbo loan.

Question 2

Can I cancel PMI on a conforming loan?

Accepted Answer

Yes. Once you reach 20% equity, you can request PMI removal. FHA loans don't offer that option if you put less than 10% down.

Question 3

What credit score do I need for a conforming loan in Anaheim?

Accepted Answer

Most lenders require a 620 minimum. You'll need 740 or higher to access the best rate tiers. Rates vary by borrower profile and market conditions.

Question 4

How is a conforming loan different from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Conforming means the loan meets Fannie Mae and Freddie Mac size and guideline limits.

Question 5

What happens if my loan amount is over the conforming limit?

Accepted Answer

You move into jumbo territory. Jumbo loans require stronger reserves, tighter debt ratios, and often a larger down payment.

Question 6

Is a conforming loan a good fit for Anaheim buyers?

Accepted Answer

For most W-2 borrowers buying in Anaheim, yes. The rate pricing and PMI flexibility make it the strongest baseline option before considering jumbo or FHA.

Conforming Loans in Anaheim, CA