Question 1

What is the conforming loan limit in San Diego County?

Accepted Answer

The FHFA sets conforming limits annually. San Diego County qualifies for higher-cost area limits. Check current limits before assuming your loan type.

Question 2

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always. The gap has narrowed significantly. Rates vary by borrower profile and market conditions, so comparing both is worth doing.

Question 3

Can I get a jumbo loan with 10% down?

Accepted Answer

Some lenders allow 10% down on jumbo loans. Most prefer 20%, especially at higher loan amounts. Expect stricter reserve requirements either way.

Question 4

Do conventional loans require mortgage insurance?

Accepted Answer

Only if you put down less than 20%. Hit that threshold and PMI drops off entirely. Jumbo loans handle MI differently — many don't require it at all.

Question 5

What credit score do I need for a jumbo loan in Vista?

Accepted Answer

Most jumbo lenders want 720 or higher. Some will go to 700, but expect tighter terms. Conventional loans allow down to 620.

Question 6

Which loan closes faster in Vista?

Accepted Answer

Conventional loans typically close faster. Jumbo underwriting is more manual and lender-specific, which adds time. Plan for a longer timeline on jumbo purchases.

Conventional vs Jumbo Loans in Vista, CA