Question 1

What is the conforming loan limit in Orange County?

Accepted Answer

The FHFA sets the limit annually. Any loan above that amount requires jumbo financing with private lender guidelines.

Question 2

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

Accepted Answer

Some lenders allow 10% down on jumbo. Expect stricter credit and reserve requirements at lower down payment tiers.

Question 3

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. Jumbo and conforming rates move independently. Rates vary by borrower profile and market conditions.

Question 4

Do jumbo loans require two appraisals?

Accepted Answer

Some lenders require two appraisals on larger loan amounts. It depends on the lender's internal guidelines and loan size.

Question 5

Can self-employed borrowers qualify for jumbo in Orange County?

Accepted Answer

Yes — certain lenders accept bank statements instead of tax returns. The right lender match makes all the difference.

Question 6

How much in reserves do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 6 to 12 months of payment reserves. Higher loan amounts often trigger the higher reserve requirement.

Jumbo Loans in Placentia, CA — Finance Beyond Conforming Limits