Question 1

What is the conforming loan limit in San Diego County?

Accepted Answer

The FHFA sets conforming limits annually. San Diego County qualifies as a high-cost area, meaning limits are higher than the national baseline.

Question 2

Do jumbo loans require a larger down payment?

Accepted Answer

Most jumbo lenders want 10-20% down. Some go higher depending on the loan size and your credit profile.

Question 3

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always, but as of March 2026 Forbes noted jumbo rates rising while conforming rates dipped. Rates vary by borrower profile and market conditions.

Question 4

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

Accepted Answer

Most jumbo lenders require 700 or higher. A 680 might work with certain portfolio lenders, but expect a higher rate.

Question 5

What is a piggyback loan and when does it make sense?

Accepted Answer

A piggyback is two loans combined — a conventional first and a second mortgage — to stay under the jumbo threshold. It can save money when conforming rates are lower.

Question 6

How many months of reserves do jumbo lenders require?

Accepted Answer

Most jumbo lenders want 12 months of mortgage payments in reserves. Conventional loans typically require far less.

Conventional vs Jumbo Loans in Carlsbad, CA