Sign Up For Our Newsletter
Summit Lending - A Direct Mortgage Lender

Summit Lending Home Loans Mortgages Orange County
A Direct Mortgage Lender

Free Home Loan Mortage Seminar

Quick Contact

Quick Contact

Purchase Loans Refinances FHA & VA Loans
Conventional & Jumbo Loans

What Is A Jumbo Loan In Southern California?

Back to all FAQs

Jumbo loans are loans in excess of the conventional loan limits in California set by Fannie Mae and Freddie Mac. In many areas of Southern California, a Jumbo loan will be required for any loan over $484,350. However, in Los Angeles and Orange County, Jumbo loans are only required for loans in excess of $726,525. Jumbo loans may have higher interest rates than a conventional or conforming loan, and they will typically require a larger down payment, and require proof of reserves. Summit Lending's Orange County based team of top rated mortgage brokers have decades of experience in helping homeowners and home-buyers throughout Southern California to obtain Jumbo loans.