Loading
Loading
Tustin sits in the heart of Orange County, where home prices push well past conforming limits. Jumbo financing isn't a niche here — it's the standard for serious buyers.
The conforming loan limit caps what Fannie Mae and Freddie Mac will back. Anything above that requires a jumbo loan, which means different rules and different lenders.
700 (some at 680)
Min Credit Score
10–20% typical
Down Payment
12 months liquid
Reserves Required
Fixed or ARM
Rate Type
21–30 days
Avg Approval Time
Jumbo Loans in Tustin
Most jumbo lenders want a 700+ credit score. Some go to 680, but you'll pay for it in rate. Below 700, your options shrink fast.
Expect to show 12 months of reserves — liquid assets covering a full year of payments. Debt-to-income ratio needs to stay under 43%, often tighter.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Tustin.
Tustin sits in the heart of Orange County, where home prices push well past conforming limits. Jumbo financing isn't a niche here — it's the standard for serious buyers.
The conforming loan limit caps what Fannie Mae and Freddie Mac will back. Anything above that requires a jumbo loan, which means different rules and different lenders.
Most jumbo lenders want a 700+ credit score. Some go to 680, but you'll pay for it in rate. Below 700, your options shrink fast.
Jumbo loans aren't sold to Fannie or Freddie. Each lender sets its own rules, and those rules vary more than most borrowers expect.
We work with 200+ wholesale lenders. On jumbo deals, that reach matters — one lender's overlay can kill a deal another lender closes without hesitation.
Self-employed borrowers hit the most friction on jumbo deals. Lenders want two years of tax returns, and write-offs that reduce taxable income hurt your qualifying number.
Jumbo ARM products deserve a look in Tustin. If you're buying a $1.5M home and plan to move or refinance in 7 years, a fixed 30-year rate costs you real money.
Conforming loans cap out at the FHFA limit. If your purchase price pushes past that, you either go jumbo or split the deal into two loans — called a piggyback structure.
Piggybacks can sometimes beat jumbo pricing, but not always. We run the numbers both ways before recommending a structure.
Tustin's Legacy mixed-use corridor and proximity to Irvine drive strong demand for higher-priced homes. Buyers competing in these areas can't afford financing delays.
Orange County jumbo volume is high enough that local appraisers understand the market. Low-appraisal risk exists, but it's more manageable here than in thinner markets.
Most jumbo lenders require 10-20% down. At higher loan amounts, 20% is the common floor to avoid added conditions.
Yes, but lenders scrutinize two years of tax returns closely. High write-offs can reduce your qualifying income significantly.
Not always. Rates vary by borrower profile and market conditions. On strong files, jumbo and conforming rates run close.
Most lenders require 12 months of reserves. That means liquid assets covering 12 full monthly payments after closing.
No. A piggyback loan structure splits your financing into two loans. Sometimes that beats jumbo pricing — we model both.
Expect 21-30 days with a complete file. Complex income or asset situations can add time. Get pre-approved before you offer.