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Coronado is one of the most expensive zip codes in San Diego County. Most properties here push well past conforming loan limits.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping 10.4% week-over-week. Conforming borrowers in Coronado feel that directly — every rate tick affects buying power on high-priced homes.
620
Min Credit Score
45%
Max DTI
3%
Min Down Payment
6.57% (Apr 2026)
30-Yr Fixed (Market)
Conforming Loans in Coronado
Conforming loans follow Fannie Mae and Freddie Mac rules. That means a minimum 620 credit score, though 740+ gets you the best pricing.
Debt-to-income ratio must stay under 45% for most conforming approvals. W-2 borrowers with clean tax returns are the easiest to get through underwriting.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Coronado.
Coronado is one of the most expensive zip codes in San Diego County. Most properties here push well past conforming loan limits.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping 10.4% week-over-week. Conforming borrowers in Coronado feel that directly — every rate tick affects buying power on high-priced homes.
Conforming loans follow Fannie Mae and Freddie Mac rules. That means a minimum 620 credit score, though 740+ gets you the best pricing.
Conforming loans are the most widely available mortgage product. Banks, credit unions, and wholesale lenders all compete aggressively for these files.
That competition means pricing varies more than most borrowers expect. Shopping just one lender in Coronado is leaving money on the table.
Most Coronado buyers need to run the numbers before assuming conforming works. If your purchase price requires a loan above the conforming limit, you're automatically in jumbo territory.
For the buyers who do fit within limits — often those putting substantial cash down — conforming loans price better than jumbo right now. Rates vary by borrower profile and market conditions.
Jumbo loans dominate Coronado because of home prices. But conforming beats jumbo on rate when loan amounts qualify — sometimes by a meaningful margin.
FHA is an option for lower down payments, but loan limits are lower than conforming. ARMs can reduce the rate, but add risk on a high-value asset.
Coronado sits on a peninsula with limited inventory and strong military demand from nearby Naval Air Station North Island. That demand keeps prices elevated year-round.
VA loans are widely used here given the military population. If you don't have VA eligibility, conforming is your next-best conventional option before crossing into jumbo.
San Diego County qualifies as a high-cost area. The conforming limit is higher than the national baseline — check current FHFA limits before assuming you need jumbo.
Yes, if your loan amount falls within the county limit. Most Coronado purchases require a large down payment to get there.
Fannie Mae pricing tiers start at 620 but reward higher scores. Borrowers at 740+ get the sharpest rates. Rates vary by borrower profile and market conditions.
Only if you put less than 20% down. Hit 20% equity and PMI drops off — unlike FHA, which keeps mortgage insurance longer.
When your loan amount qualifies, conforming usually prices better than jumbo. The catch is hitting that ceiling with Coronado's price points.