Question 1

What's the conforming loan limit in Orange County?

Accepted Answer

The conforming limit for Orange County is $1,089,300 as of 2026. Loans above that require jumbo financing with stricter qualification standards.

Question 2

Do I need 20% down for a conventional loan in Newport Beach?

Accepted Answer

No — 3% down is available for first-time buyers. But anything under 20% adds PMI to your monthly payment.

Question 3

Can I use a conventional loan on a Newport Beach condo?

Accepted Answer

It depends on the building. Non-warrantable condos — common near the waterfront — don't qualify for standard conventional financing.

Question 4

What credit score do I need for the best conventional rates?

Accepted Answer

740 or higher puts you in the best rate tier. Scores below 680 see meaningful rate increases on conventional loans.

Question 5

Is a conventional or jumbo loan better in Newport Beach?

Accepted Answer

If your loan stays under $1,089,300, conventional wins on rate and flexibility. Above that, jumbo is your only path forward.

Question 6

How do rising rates affect conventional buyers here?

Accepted Answer

At Newport Beach price points, even a 0.5% rate move shifts monthly payments significantly. Locking early in volatile conditions is worth discussing.

Conventional Loans in Newport Beach, CA