Question 1

What is the conforming loan limit in Orange County?

Accepted Answer

Orange County qualifies as a high-cost area. That pushes your conforming limit above the national baseline — confirm the current limit with your broker before shopping.

Question 2

Can I use a conforming loan to buy in Villa Park?

Accepted Answer

Yes, if the purchase price stays within the county limit. Many Villa Park homes exceed it, which forces a jumbo loan instead.

Question 3

What credit score do I need for a conforming loan?

Accepted Answer

Lenders require at least 620. But to get competitive pricing, aim for 740 or above — that's where the best rate tiers start.

Question 4

How does a conforming loan differ from a jumbo loan?

Accepted Answer

Conforming loans follow Fannie and Freddie guidelines. Jumbo loans exceed those limits and carry tighter requirements and often higher rates.

Question 5

Do conforming loans require private mortgage insurance?

Accepted Answer

Only if you put down less than 20%. PMI cancels automatically once your equity hits 20% — unlike FHA mortgage insurance.

Question 6

Are conforming loan rates higher right now in Villa Park?

Accepted Answer

As of April 2026, the 30-year fixed is near 6.57%. Rates vary by credit score, down payment, and lender — shopping multiple lenders matters.

Conforming Loans in Villa Park, CA