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

Are jumbo rates higher than conventional rates?

Accepted Answer

Not always. Rates vary by lender and borrower profile. Bankrate shows conforming rates at 6.27% as of March 2026 — jumbo pricing depends on the lender.

Question 3

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

Accepted Answer

Yes. Conventional loans allow as little as 3% down. You'll pay PMI until you reach 20% equity.

Question 4

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 700 or higher. Some go up to 720. Conventional loans start at 620.

Question 5

Do jumbo loans require more cash reserves?

Accepted Answer

Yes. Twelve months of reserves is common for jumbo loans. Conventional loans typically require two to six months.

Question 6

Which loan closes faster in Twentynine Palms?

Accepted Answer

Conventional loans generally close faster. Jumbo files require more documentation and take longer to underwrite.

Conventional vs Jumbo Loans in Twentynine Palms