Question 1

What is the conforming loan limit in San Diego County?

Accepted Answer

In San Diego County, the 2026 conforming limit is $1,077,550. Loan amounts above that require jumbo financing.

Question 2

Do jumbo loans have higher interest rates than conventional?

Accepted Answer

Not always. Jumbo rates vary widely by lender. We shop across 200+ lenders to find the most competitive jumbo pricing. Rates vary by borrower profile and market conditions.

Question 3

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

Accepted Answer

Most jumbo lenders want 6 to 12 months of mortgage payments in liquid reserves. Some high-balance loans require more.

Question 4

Can I put 10% down on a jumbo loan in Del Mar?

Accepted Answer

Some lenders allow 10% down on jumbo loans with strong credit. Expect closer scrutiny on reserves and income at that down payment level.

Question 5

Is mortgage insurance required on jumbo loans?

Accepted Answer

Most jumbo lenders don't require private mortgage insurance. Instead, they offset risk through stricter credit and reserve requirements.

Question 6

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want a 700 or higher credit score. Some programs go lower, but you'll pay for it in rate.

Conventional vs Jumbo Loans in Del Mar, CA