Question 1

What is the conforming loan limit in Orange County?

Accepted Answer

Orange County qualifies for a higher conforming limit than the national baseline. Confirm the current limit with us before you shop — it updates annually.

Question 2

Can I use a conforming loan on a historic property in SJC?

Accepted Answer

Yes, but lenders scrutinize these more carefully. The appraisal and property condition requirements are stricter on non-standard homes.

Question 3

What credit score do I need for the best conforming rate?

Accepted Answer

You need at least 620 to qualify. To get the best pricing tiers from Fannie and Freddie, aim for 740 or above.

Question 4

How is a conforming loan different from a conventional loan?

Accepted Answer

All conforming loans are conventional, but not all conventional loans are conforming. Conforming means it fits Fannie Mae and Freddie Mac size limits.

Question 5

Do conforming loans require PMI?

Accepted Answer

Yes, if you put less than 20% down. Unlike FHA, you can cancel PMI once you reach 20% equity in your home.

Question 6

Is a conforming loan the right fit for San Juan Capistrano?

Accepted Answer

For many buyers in SJC, yes — especially with Orange County's elevated limits. If your price exceeds the limit, we'll compare jumbo options side by side.

Conforming Loans in San Juan Capistrano, CA