Question 1

What credit score do I need for a conventional loan in Orange?

Accepted Answer

Lenders require a 620 minimum. For the best rates in Orange County's price range, aim for 740 or higher.

Question 2

How much down payment is required?

Accepted Answer

As low as 3% on some programs. Below 20% down, you'll pay PMI until you reach 20% equity.

Question 3

How does the conforming loan limit affect buyers in Orange?

Accepted Answer

Orange County follows higher-cost conforming limits. Going above that limit pushes you into jumbo pricing.

Question 4

Can I avoid PMI with less than 20% down?

Accepted Answer

Some lenders offer lender-paid PMI options — but they offset it with a higher rate. It's a tradeoff worth running the numbers on.

Question 5

Is a conventional loan better than FHA in Orange County?

Accepted Answer

For borrowers with 680+ credit and stable income, conventional usually wins. FHA carries lifetime mortgage insurance that adds up fast.

Question 6

How fast can I get pre-approved for a conventional loan?

Accepted Answer

We can issue a pre-approval in 24-48 hours. Orange County offers move fast — being ready matters.

Conventional Loans in Orange, CA — Real Rates, Real Terms