Question 1

What is the jumbo loan limit in Orange County?

Accepted Answer

The jumbo threshold is any loan above the FHFA conforming limit. In Orange County, that line is crossed quickly given local home prices.

Question 2

Do jumbo loans require 20% down in Mission Viejo?

Accepted Answer

Most jumbo lenders want 10–20% down. Some allow less, but expect higher rates and stricter reserve requirements below 20%.

Question 3

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

Accepted Answer

Yes — but lenders will require two years of full tax returns and business financials. Strong reserves help offset income complexity.

Question 4

Are jumbo rates higher than conforming rates right now?

Accepted Answer

Not always. As of March 2026, Bankrate shows conforming rates at 6.27%. Some jumbo lenders actually beat that for well-qualified borrowers. Rates vary by borrower profile and market conditions.

Question 5

How long does a jumbo loan take to close?

Accepted Answer

Plan for 30–45 days. Jumbo underwriting is more manual than conforming, and appraisals on higher-value homes take longer.

Question 6

Does Mission Viejo have HOA fees that affect jumbo qualification?

Accepted Answer

Yes. Most Mission Viejo neighborhoods have HOAs. Lenders add those fees to your monthly debt, which directly impacts your DTI calculation.

Jumbo Loans in Mission Viejo — Finance Above Conforming Limits