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Los Alamitos sits in one of Orange County's tightest housing markets. Conventional loans are the dominant financing tool here — and for good reason.
HousingWire just flagged that the 30-year fixed hit 6.57%, pushing applications down sharply. For conventional borrowers, that rate sensitivity is real. Rates vary by borrower profile and market conditions.
620
Min Credit Score
6.57%*
30-Yr Fixed (as of Apr 2026)
3%
Min Down Payment
80% LTV
PMI Cancels At
21-30 Days
Typical Close Time
Conventional Loans in Los Alamitos
Most lenders want a 620 minimum credit score for conventional. But in a market like Los Alamitos, you want to be well above that.
A 740+ score puts you in the top pricing tier. Down payment options range from 3% to 20% depending on the program and your profile.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Los Alamitos.
Los Alamitos sits in one of Orange County's tightest housing markets. Conventional loans are the dominant financing tool here — and for good reason.
HousingWire just flagged that the 30-year fixed hit 6.57%, pushing applications down sharply. For conventional borrowers, that rate sensitivity is real. Rates vary by borrower profile and market conditions.
Most lenders want a 620 minimum credit score for conventional. But in a market like Los Alamitos, you want to be well above that.
We work with 200+ wholesale lenders at SRK CAPITAL. That matters because conventional pricing varies more across lenders than most borrowers realize.
Retail banks quote one rate. We shop the wholesale market and find where your specific file gets priced best — credit score, down payment, property type all factor in.
The borrowers who struggle with conventional aren't always the ones with bad credit. Self-employed buyers with complex tax returns often hit snags on income documentation.
If your adjusted gross income looks low on paper, conventional underwriting will use that number. Know what your returns show before you apply.
FHA loans allow lower credit scores and higher debt ratios. But FHA charges mortgage insurance for the life of the loan. Conventional PMI drops off at 80% loan-to-value.
If the home price exceeds conforming loan limits, you're looking at a jumbo loan instead. Jumbo has stricter reserve and income requirements than conventional conforming.
Los Alamitos has a mix of single-family homes, condos, and townhomes. Condos need to be on an approved list for conventional financing — not every complex qualifies.
Orange County's price points mean many buyers land right at or above conforming limits. Knowing where the limit sits determines whether you use conventional or jumbo.
Most lenders require 620 minimum. A 740+ score gets you the best rate tiers and lowest PMI costs.
Yes. Some programs allow as little as 3% down. You'll pay PMI until you reach 80% loan-to-value.
Conventional PMI cancels at 80% LTV. FHA mortgage insurance stays for the life of most loans — that adds up fast.
Only warrantable condos qualify. The HOA financials and owner-occupancy ratios must meet Fannie Mae guidelines.
Orange County qualifies for higher-balance conforming limits. Ask us for the current limit — it changes annually.
Typically 21-30 days for a clean file. Complex income documentation or condo approvals can add time.