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Brea sits in Orange County where the median household income of $113,702 supports homes in the $1.5M+ range. At 5.875%, a $1.25M jumbo loan carries a $7,389 monthly payment for principal and interest alone.
Jumbo loans here require tighter underwriting than conforming mortgages. Lenders expect 740+ FICO, 20% down minimum, and six months of liquid reserves. The rate reflects that stricter scrutiny.
5.875%
Interest Rate
$7,389
Monthly P&I
740
FICO Minimum
20% ($312K)
Down Payment
6 months PITI
Reserves Required
45 days
Closing Timeline
Jumbo Loans in Brea
Jumbo loans in Brea start at 740 FICO and require 20% down. On a $1.56M purchase, that's $312K down and a $1.25M loan. Debt-to-income caps at 43% for most jumbo lenders, though some go to 45% with strong reserves.
Orange County's median household income of $113,702 means a single earner at that level won't qualify for $1.56M. You'll need household income around $200K+ to support the debt comfortably.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Brea.
Brea sits in Orange County where the median household income of $113,702 supports homes in the $1.5M+ range. At 5.875%, a $1.25M jumbo loan carries a $7,389 monthly payment for principal and interest alone.
Jumbo loans here require tighter underwriting than conforming mortgages. Lenders expect 740+ FICO, 20% down minimum, and six months of liquid reserves. The rate reflects that stricter scrutiny.
Jumbo loans in Brea start at 740 FICO and require 20% down. On a $1.56M purchase, that's $312K down and a $1.25M loan. Debt-to-income caps at 43% for most jumbo lenders, though some go to 45% with strong reserves.
Jumbo lending in California is tighter than conforming. Retail banks and portfolio lenders dominate this space—brokers access jumbo programs through correspondent relationships with agencies that hold loans on their books.
Underwriting takes 45–60 days for jumbo because lenders verify employment, assets, and credit more deeply. Appraisals are stricter. Rate locks run 30–45 days. Brokers typically close faster than retail banks because they're not managing branch overhead.
Jumbo makes sense in Brea when you're buying above $1.25M and have the income and reserves to prove it. Below that threshold, conforming loans run 0.25–0.5% cheaper because they carry less lender risk.
The real win for jumbo buyers here is speed. If you have strong financials and need to close in 45 days, a broker jumbo beats a retail bank's 60+ day timeline. The rate at 5.875% reflects the tighter scrutiny—it's the price of access to the $1.56M market.
Conforming loans top out at $1.25M in Orange County. Above that, you're in jumbo territory. Conforming rates run lower because Fannie Mae and Freddie Mac guarantee the loans—lenders take less risk.
Jumbo rates typically run 0.25–0.5% higher than conforming because the lender holds the entire loan. You pay for that risk premium. The tradeoff: jumbo lenders are faster and more flexible on reserves if your income is strong enough.
Brea's location in north Orange County puts buyers near the 57 freeway and close to employment hubs in Anaheim and Santa Ana. That proximity supports home values for $1.5M+ properties.
The city's school district and suburban character appeal to families upgrading from smaller homes. Jumbo buyers here are often refinancing or moving up within Orange County, not relocating from out of state.
Principal and interest run $7,389 per month on the scenario shown. Add property taxes, insurance, and HOA fees—total housing cost typically runs $9,500–$10,500 depending on the property.
Yes. Jumbo lenders require 20% down minimum. On a $1.56M purchase, that's $312K. Some lenders go to 15% down with 740+ FICO and strong reserves, but 20% is the standard floor.
740 FICO minimum for most jumbo lenders. Some will go to 720 with compensating factors like high income or large reserves. Below 720, jumbo approval becomes very difficult.
Six months of PITI (principal, interest, taxes, insurance) in liquid assets. On a $1.56M property, that's roughly $50K–$60K in savings or investments the lender can verify.
Broker jumbo loans typically close in 45 days. Retail banks often take 60+ days. Underwriting is stricter because lenders hold the full loan risk, so verification takes longer than conforming.