Question 1

What is the minimum down payment for a jumbo loan in Fountain Valley?

Accepted Answer

Most lenders require 10-20% down. Some allow 10% down, but expect stricter credit and reserve requirements.

Question 2

Are jumbo rates higher than conforming rates?

Accepted Answer

Usually yes, but not always. Rates vary by borrower profile and market conditions — shop across multiple lenders.

Question 3

Can I get a jumbo loan if I'm self-employed?

Accepted Answer

Yes, but lender options narrow. You'll need two years of returns and strong reserves to offset the complexity.

Question 4

Do jumbo loans require mortgage insurance?

Accepted Answer

Typically no. Most jumbo lenders avoid PMI by requiring larger down payments instead.

Question 5

What loan amount triggers jumbo in Orange County?

Accepted Answer

Anything above the current FHFA conforming limit for Orange County triggers jumbo guidelines and lender overlays.

Jumbo Loans in Fountain Valley, CA