Question 1

What loan amount triggers jumbo in Orange County?

Accepted Answer

Any loan above the FHFA conforming limit for Orange County is considered jumbo. Check current limits before assuming — they adjust annually.

Question 2

Can I get a jumbo loan with 10% down in Orange?

Accepted Answer

Yes, some lenders allow 10% down on jumbo loans. You'll need strong credit and reserves to qualify at that down payment level.

Question 3

Are jumbo rates higher than conforming rates?

Accepted Answer

Typically yes, though the gap narrows with strong credit. Rates vary by borrower profile and market conditions.

Question 4

Do jumbo loans require private mortgage insurance?

Accepted Answer

Most jumbo lenders avoid PMI by requiring 20% down. Some 10% down programs exist but may carry a higher rate instead.

Question 5

Can self-employed borrowers get jumbo loans in Orange?

Accepted Answer

Yes, but lenders will average two years of tax return income. Large write-offs can reduce qualifying income significantly.

Question 6

How long does a jumbo loan take to close in Orange?

Accepted Answer

Plan for 30–45 days. Appraisals on higher-value or unique properties can add time, especially in historic areas.

Jumbo Loans in Orange, CA: Finance Above Conforming Limits