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in San Juan Capistrano, CA
San Juan Capistrano sits in one of Orange County's priciest corridors. Many homes here push past the conforming loan limit — and that changes everything about how you finance them.
Conventional loans work well for purchases under that limit. Jumbo loans take over above it. Knowing which applies to your deal saves time and sets realistic expectations.
Conventional loans follow FHFA guidelines. In Orange County, the 2026 conforming limit is $1,249,125 for a single-unit property.
You need at least a 620 credit score. Put 20% down and you skip private mortgage insurance entirely — that's a real monthly savings.
Jumbo loans cover purchase prices that exceed the conforming limit. In San Juan Capistrano, that means loans above $1,249,125.
Lenders take on more risk without GSE backing. Expect stricter credit, larger reserves, and full income documentation — no shortcuts.
Local decision guide
Use this comparison to weigh Conventional Loans and Jumbo Loans through local payment fit, eligibility, documentation, and timing before choosing a path in San Juan Capistrano.
San Juan Capistrano sits in one of Orange County's priciest corridors. Many homes here push past the conforming loan limit — and that changes everything about how you finance them.
Conventional loans work well for purchases under that limit. Jumbo loans take over above it. Knowing which applies to your deal saves time and sets realistic expectations.
Conventional loans follow FHFA guidelines. In Orange County, the 2026 conforming limit is $1,249,125 for a single-unit property.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply — jumbo borrowers feel rate moves more acutely given their larger loan balances.
Conventional loans follow standardized guidelines. Jumbo guidelines vary by lender. We shop 200+ wholesale lenders to find the best jumbo terms available.
Debt-to-income limits are tighter on jumbo. Most lenders cap it at 43%. Some go to 45% with strong compensating factors like large reserves.
If your loan amount stays under $1,249,125, a conventional loan is almost always the cleaner path. Lower rate, easier approval, faster close.
If you're buying above that threshold in San Juan Capistrano — which is common — jumbo is your only option. The key is finding the right lender for your profile.
Self-employed buyers or those with complex income often find jumbo underwriting more flexible on income types than conventional GSE guidelines allow.
The FHFA sets Orange County's single-unit limit at $1,249,125. Anything above that requires a jumbo loan.
Often yes, but not always. Rates vary by borrower profile and market conditions. Strong credit can narrow the gap significantly.
Most jumbo lenders want 700 or higher. Some go to 720+ for the best pricing. Conventional starts at 620.
Some lenders allow 10% down on jumbo. Expect higher rates and strict reserves. 20% down gets you better terms.
Most want 12 months of PITI in liquid reserves. Some lenders require more on loan amounts over $2M.
Yes — if your loan amount stays under the conforming limit, conventional works even on a higher-priced home with a large down payment.