Question 1

What is the jumbo loan limit in Orange County?

Accepted Answer

Any loan above the FHFA conforming limit requires jumbo financing. In Orange County, that threshold is set annually — check current limits before you start shopping.

Question 2

How much do I need to put down on a jumbo loan in Dana Point?

Accepted Answer

Most jumbo lenders require 10–20% down. Larger loan amounts or lower credit scores typically push that requirement toward 20% or more.

Question 3

Can I get a jumbo loan with self-employment income?

Accepted Answer

Yes, but lenders want two years of tax returns and strong cash reserves. Self-employed borrowers often face closer scrutiny on jumbo files.

Question 4

Are jumbo loan rates higher than conforming rates?

Accepted Answer

Not always. Jumbo rates sometimes come in below conforming rates depending on the lender and your profile. Rates vary by borrower profile and market conditions.

Question 5

Does jumbo financing work for Dana Point condos?

Accepted Answer

It can, but some condo projects face lender restrictions around HOA financials or investor concentration. We vet the project before you're deep in the deal.

Question 6

How long does a jumbo loan take to close?

Accepted Answer

Plan for 30–45 days. Jumbo underwriting is more involved — appraisal review and income analysis take longer than on conforming files.

Jumbo Loans in Dana Point: Finance the Coast Right