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Buena Park's median home price sits near $1.56 million. At 5.875%, a $1.25 million jumbo loan carries a $7,389 monthly payment for principal and interest alone. That's the baseline for most buyers stepping above the conforming limit here.
Jumbo lending in Orange County tightened after 2023, but rates have stabilized. Lenders now compete on terms rather than price. A 740 FICO with 20% down and solid reserves moves quickly through underwriting.
5.875%
Interest Rate
$7,389
Monthly P&I
740
FICO Minimum
20% ($312K)
Down Payment
45–60 days
Close Timeline
Jumbo Loans in Buena Park
Jumbo loans in Buena Park require 740 FICO minimum and 20% down ($312,000 on a $1.56M purchase). Lenders want 6–12 months reserves in liquid assets after closing. Debt-to-income caps at 43% for most programs, sometimes 45% with strong compensating factors.
Orange County's median household income is $113,702. That income alone doesn't qualify for a $1.56M home—most jumbo buyers here earn $250K+ annually. Stated income and bonus documentation are common.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Buena Park.
Buena Park's median home price sits near $1.56 million. At 5.875%, a $1.25 million jumbo loan carries a $7,389 monthly payment for principal and interest alone. That's the baseline for most buyers stepping above the conforming limit here.
Jumbo lending in Orange County tightened after 2023, but rates have stabilized. Lenders now compete on terms rather than price. A 740 FICO with 20% down and solid reserves moves quickly through underwriting.
Jumbo loans in Buena Park require 740 FICO minimum and 20% down ($312,000 on a $1.56M purchase). Lenders want 6–12 months reserves in liquid assets after closing. Debt-to-income caps at 43% for most programs, sometimes 45% with strong compensating factors.
Jumbo lending in California splits between portfolio lenders (hold loans in-house) and jumbo aggregators (sell to secondary markets). Portfolio lenders move slower but have looser overlays.
Most jumbo closings in Orange County run 45–60 days. Appraisals are stricter—lenders order full appraisals on every jumbo deal, no waivers. Rate locks run 30–45 days standard. Broker networks access 8–12 jumbo programs; retail banks typically offer one or two.
Jumbo 30-year fixed makes sense in Buena Park when you're staying put 7+ years. At $1.56M, the 5.875% rate locks predictability. If you're selling in five years, a 5/1 ARM might save 0.3–0.5% upfront—but rates reset higher after year five.
The real trade-off: jumbo rates run 0.25–0.5% higher than conforming because of portfolio risk. That $312K down payment and 740 FICO floor eliminate most borrowers.
A 5/1 ARM on the same $1.56M purchase typically starts 0.3–0.5% lower than the 30-year fixed. You'd save $200–300 monthly for five years. After year five, the rate adjusts annually, capped at 2% per adjustment and 6% lifetime.
The 30-year fixed wins if you plan to stay through rate resets. The ARM wins if you're selling or refinancing before year six. Most Buena Park buyers choosing jumbo are staying long-term, which favors the fixed rate's predictability.
Buena Park sits between Disneyland and the Santa Ana River. Schools here feed into Fullerton Union High School District, which ranks mid-tier for Orange County. Buyers with kids often weigh the school quality against the $1.56M price tag.
The city's proximity to I-5 and the 91 freeway matters for commuters. A $1.56M home here buys more square footage than comparable properties in Irvine or Newport Beach. That trade-off—location for space—drives many jumbo buyers to Buena Park.
Principal and interest run $7,389 monthly at 5.875%. That's on a $1.56M purchase with $312K down (20%). Add property tax, insurance, and HOA—total housing cost typically hits $10,500–$11,200 monthly depending on the property.
Yes. Most jumbo lenders require 20% down minimum. Some portfolio lenders go to 15% with 740+ FICO and strong reserves, but 20% is standard and gets the best rates. Below 20%, you'll pay 0.25–0.5% higher rate and face tighter underwriting.
740 FICO is the floor for most jumbo programs. Some lenders go to 720 with compensating factors (high reserves, low debt-to-income). Below 720, jumbo options shrink and rates jump.
45–60 days is typical. Appraisals take 10–14 days (full appraisal required, no waivers). Underwriting runs 15–20 days with clean documentation. If you're self-employed or have complex income, add 10–15 days for tax return review and CPA letters.
Yes, but documentation is stricter. Lenders require two years of personal and business tax returns, profit-and-loss statements, and a CPA letter. Income must be stable or growing. Bonus income needs two-year history.