Question 1

What is the conforming loan limit in San Diego County?

Accepted Answer

For 2026, the limit is $1,104,000 in San Diego County. Loans above that amount require jumbo financing.

Question 2

Do jumbo loans have higher rates than conventional?

Accepted Answer

Not always — but the spread shifts. Rates vary by borrower profile and market conditions, so compare both options.

Question 3

How much do I need down for a jumbo loan in Santee?

Accepted Answer

Most jumbo lenders want 10–20% down. Some programs allow less, but expect stricter credit and reserve requirements.

Question 4

Can I get a conventional loan with less than 20% down?

Accepted Answer

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

Question 5

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 700 or higher. Some go lower, but rate pricing gets worse below that threshold.

Question 6

Which loan closes faster in Santee?

Accepted Answer

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

Conventional vs Jumbo Loans in Santee, CA