Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

The FHFA sets conforming limits annually. Loans above that limit in San Bernardino County require jumbo financing.

Question 2

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

Accepted Answer

Some jumbo lenders allow 10% down. Expect stricter credit and reserve requirements at higher loan-to-value ratios.

Question 3

Do jumbo loans have higher interest rates than conventional?

Accepted Answer

Often yes. As of March 2026, Forbes flagged jumbo rates moving up while conforming rates fell. Rates vary by borrower profile and market conditions.

Question 4

Which loan is easier to qualify for?

Accepted Answer

Conventional loans are easier. Jumbo lenders set their own overlays and typically require higher credit scores and more reserves.

Question 5

Can I get a jumbo loan with a 680 credit score?

Accepted Answer

It's possible with some lenders, but most jumbo programs want 700 or higher. Fewer options are available below that threshold.

Question 6

Is private mortgage insurance required on jumbo loans?

Accepted Answer

No. Jumbo loans don't use PMI. Lenders manage risk through stricter down payment and reserve requirements instead.

Conventional vs Jumbo Loans in Grand Terrace, CA