Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

The 2025 conforming limit is $806,500. Anything above that requires a jumbo loan.

Question 2

Do jumbo loans have higher interest rates than conventional?

Accepted Answer

Not always. Jumbo rates vary by lender and borrower profile. Rates vary by borrower profile and market conditions.

Question 3

Can I put less than 20% down on a jumbo loan?

Accepted Answer

Some lenders allow 10% down on jumbo. Expect stricter requirements and possibly mortgage insurance.

Question 4

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require a 620 minimum. Higher scores get better rates.

Question 5

How many months of reserves do jumbo lenders require?

Accepted Answer

It varies. Most jumbo lenders want 6 to 12 months of mortgage payments in reserve.

Question 6

Which loan is easier to qualify for?

Accepted Answer

Conventional loans are more forgiving. Jumbo underwriting is stricter on credit, income, and assets.

Conventional vs Jumbo Loans in Adelanto, CA