Question 1

What is the conforming loan limit in Orange County?

Accepted Answer

Orange County qualifies for high-cost conforming limits set by the FHFA. Check current limits before assuming you need a jumbo loan.

Question 2

Can I use a conforming loan to buy in Los Alamitos?

Accepted Answer

Yes, if the purchase price stays within the county loan limit. Many Los Alamitos homes qualify — but prices near the ceiling are common.

Question 3

Does conforming mean the same as conventional?

Accepted Answer

Conforming is a subset of conventional. All conforming loans are conventional, but not all conventional loans are conforming.

Question 4

How does PMI work on a conforming loan?

Accepted Answer

PMI is required below 20% down. Once your equity hits 20%, you can request removal — unlike FHA insurance.

Question 5

What credit score do I need for a conforming loan?

Accepted Answer

Most lenders require at least 620. Better rates kick in above 740 — that gap can mean real money over 30 years.

Question 6

How fast does conforming underwriting move?

Accepted Answer

Faster than FHA or jumbo in most cases. Clean W-2 files can close in 21-25 days with the right lender.

Conforming Loans in Los Alamitos, CA