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Tustin sits in Orange County, where home prices push hard against conforming loan limits. Knowing exactly where those limits fall is what separates a smooth purchase from a jumbo headache.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping over 10% week-over-week as of early April 2026. For conforming borrowers in Tustin, rate sensitivity is real right now.
620
Min Credit Score
3% – 5%
Min Down Payment
20% Down
PMI Required Under
45 – 50%
Max DTI (Typical)
21 – 30 Days
Typical Close Time
Conforming Loans in Tustin
Most lenders want a 620 minimum credit score for conforming loans. Score above 740 and you'll see meaningfully better pricing.
Down payment starts at 3% for qualified first-time buyers. Standard purchases typically require 5%. Put down 20% and you skip private mortgage insurance entirely.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Tustin.
Tustin sits in Orange County, where home prices push hard against conforming loan limits. Knowing exactly where those limits fall is what separates a smooth purchase from a jumbo headache.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping over 10% week-over-week as of early April 2026. For conforming borrowers in Tustin, rate sensitivity is real right now.
Most lenders want a 620 minimum credit score for conforming loans. Score above 740 and you'll see meaningfully better pricing.
Conforming loans are the most competitive product in the mortgage market. Every lender prices them, which means rates vary more than borrowers expect.
We shop conforming pricing across 200+ wholesale lenders. A quarter-point difference on a Tustin purchase adds up fast over 30 years.
The biggest mistake I see Tustin buyers make — grabbing the first conforming quote from their bank. Retail lenders price for margin, not for you.
Lock strategy matters right now. Rates vary by borrower profile and market conditions, but with this much volatility, floating can cost you thousands.
If your purchase price clears the conforming limit, you're looking at jumbo — stricter reserves, tighter credit requirements, and different pricing entirely.
FHA loans allow lower credit scores but add mortgage insurance premiums that stick around. Conforming loans let you drop PMI once you hit 20% equity.
Tustin Legacy and older established neighborhoods both have active resale markets. Conforming loans work across property types here — SFRs, condos, and townhomes.
HOA communities are common in Tustin. Lenders will check HOA financials on conforming condo loans. A distressed HOA can kill an otherwise clean approval.
Orange County qualifies for high-cost area limits set by Fannie Mae and Freddie Mac. Check current limits before assuming your loan amount is conforming.
Yes, but the condo project must be Fannie Mae or Freddie Mac approved. HOA financials and owner-occupancy ratios are both reviewed.
All conforming loans are conventional, but not all conventional loans are conforming. Conforming means it meets the specific size and guideline limits for secondary market sale.
PMI is required when you put down less than 20%. Once you reach 20% equity, you can request removal — unlike FHA mortgage insurance.
Pricing tiers improve at 680, 720, and 740. Borrowers above 740 with 20% down typically see the sharpest rates. Rates vary by borrower profile and market conditions.
Most conforming purchases close in 21-30 days. Having your documents ready upfront is the single biggest factor in hitting that timeline.