Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

The 2026 conforming limit is $832,750. Loans above that require jumbo financing.

Question 2

Can I avoid jumbo with a larger down payment?

Accepted Answer

Yes. If your purchase price is high but your loan stays under $832,750, you stay conventional. A bigger down payment can keep you in conforming territory.

Question 3

Do jumbo loans require mortgage insurance?

Accepted Answer

Most jumbo lenders skip traditional PMI. Instead, they require larger down payments and cash reserves as their risk buffer.

Question 4

Which loan type has lower rates in Chino Hills?

Accepted Answer

Conventional loans typically carry lower rates than jumbo. Rates vary by borrower profile and market conditions.

Question 5

How much in reserves do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 12 months of mortgage payments in reserves. Some high-balance jumbo loans require more.

Question 6

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

Accepted Answer

Some lenders allow 10% down on jumbo loans. Expect stricter credit and reserve requirements at lower down payment levels.

Conventional vs Jumbo Loans in Chino Hills