Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

The 2025 conforming limit is $806,500. Loans above that require jumbo financing.

Question 2

Do Barstow buyers typically need a jumbo loan?

Accepted Answer

Rarely. Most Barstow homes are priced well below the jumbo threshold. Conventional covers nearly all local purchases.

Question 3

Is the down payment higher for jumbo loans?

Accepted Answer

Yes. Jumbo lenders typically require 10-20% down. Conventional can go as low as 3% for qualified borrowers.

Question 4

Are jumbo rates higher than conventional rates?

Accepted Answer

Usually yes. Jumbo loans carry more lender risk, which pushes rates up. Rates vary by borrower profile and market conditions.

Question 5

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 700 or higher. Conventional loans can work with scores as low as 620.

Question 6

Can I get a conventional loan with less than 20% down?

Accepted Answer

Yes, but you'll pay PMI until you reach 20% equity. PMI cancels automatically once you hit that threshold.

Conventional vs Jumbo Loans in Barstow, CA