Question 1

What is the jumbo loan limit in Orange County?

Accepted Answer

Any loan above the FHFA conforming limit requires jumbo financing. Check current FHFA limits — they adjust annually.

Question 2

Do jumbo loans require 20% down in Huntington Beach?

Accepted Answer

Not always. Some lenders allow 10% down on jumbo loans. Expect higher rates or PMI at lower down payments.

Question 3

Can self-employed borrowers get jumbo loans?

Accepted Answer

Yes, but documentation is heavy. Most lenders require two full years of tax returns and strong reserves.

Question 4

Are jumbo mortgage rates higher than conforming rates?

Accepted Answer

Historically yes — but the gap narrows when markets are competitive. Rates vary by borrower profile and market conditions.

Question 5

How long does jumbo loan approval take?

Accepted Answer

Manual underwriting adds time. Budget 30-45 days minimum. Complex files or self-employment can push that longer.

Question 6

Can I get a jumbo ARM loan in Huntington Beach?

Accepted Answer

Yes. Jumbo ARMs are popular here for buyers who plan to sell or refinance within the fixed period.

Jumbo Loans in Huntington Beach, CA