Question 1

What is the jumbo loan limit in Orange County?

Accepted Answer

The jumbo threshold is set by the FHFA conforming limit. Any loan amount above that limit in Orange County requires jumbo financing.

Question 2

Can I get a jumbo loan with 10% down in Anaheim?

Accepted Answer

Some lenders allow 10% down on jumbo loans. Expect stricter credit and reserve requirements at that down payment level.

Question 3

Do jumbo loans have higher interest rates than conforming loans?

Accepted Answer

Jumbo rates can run higher or lower than conforming rates depending on market conditions. Rates vary by borrower profile and market conditions.

Question 4

How many months of reserves do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 12 months of reserves post-closing. Some programs require more based on loan size or borrower profile.

Question 5

Can self-employed borrowers get jumbo loans in Anaheim?

Accepted Answer

Yes, but documentation requirements are heavier. Plan on two full years of tax returns plus a profit-and-loss statement at minimum.

Question 6

Is an ARM a good fit for a jumbo loan in Orange County?

Accepted Answer

ARM programs are popular on jumbo loans for buyers with shorter time horizons. The initial rate is typically lower, which reduces monthly payments meaningfully.

Jumbo Loans in Anaheim, CA — Finance Above Conforming Limits