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San Juan Capistrano sits in one of Orange County's most competitive corridors. Conventional loans are the dominant financing tool here — and for good reason.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping over 10% week-over-week. That rate sensitivity makes lender shopping more valuable than ever. Rates vary by borrower profile and market conditions.
620
Min Credit Score
3% (first-time buyers)
Min Down Payment
At 20% equity
PMI Removal
200+
Wholesale Lenders
6.57% (market ref)
30-Yr Fixed (Recent)
Conventional Loans in San Juan Capistrano
Most conventional loans require a 620 minimum credit score. But in San Juan Capistrano's price range, you'll typically need 700+ to get competitive pricing.
Standard down payment is 3% for first-time buyers, 5% for repeat buyers. Put down 20% and you eliminate private mortgage insurance (PMI) entirely.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in San Juan Capistrano.
San Juan Capistrano sits in one of Orange County's most competitive corridors. Conventional loans are the dominant financing tool here — and for good reason.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping over 10% week-over-week. That rate sensitivity makes lender shopping more valuable than ever. Rates vary by borrower profile and market conditions.
Most conventional loans require a 620 minimum credit score. But in San Juan Capistrano's price range, you'll typically need 700+ to get competitive pricing.
We work with 200+ wholesale lenders on conventional loans. Pricing differences between lenders on the same loan can run thousands of dollars over the life of the loan.
Retail banks quote one rate. We quote dozens. That spread matters in a high-price market like San Juan Capistrano.
San Juan Capistrano has a mix of historic properties and newer builds. Conventional loans handle both cleanly — unlike FHA, which can flag property condition issues.
If your purchase price pushes past the conforming loan limit, you're looking at jumbo territory. Know that ceiling before you start making offers.
FHA loans allow lower credit scores but carry mortgage insurance for the life of the loan. Conventional PMI drops off once you hit 20% equity.
Jumbo loans cover prices above the conforming limit but come with stricter reserves and income requirements. Conventional conforming is the cleaner path when the numbers fit.
Orange County's coastal premium means many San Juan Capistrano properties push into higher price brackets. Confirming whether you're conforming or jumbo is step one.
The city's equestrian zoning and rural residential pockets can affect appraisals. Conventional appraisals are more flexible on acreage properties than government-backed loans.
Lenders require a 620 minimum. In San Juan Capistrano's price range, aim for 700+ to get competitive rates.
Yes. Put 20% down and PMI never applies. Hit 20% equity later and you can request cancellation.
Borrow above the limit and you're in jumbo territory. That changes your rate, reserves, and qualification requirements.
They require stronger credit but have fewer property restrictions. In SJC, that trade-off usually favors conventional.
Generally yes. Conventional appraisals are less restrictive on property condition than FHA guidelines.
We shop your file across 200+ wholesale lenders. One application gets you competing offers a single bank can't match.