One of the mortgage options that you can consider is jumbo home loans, Orange County. These are loans that are larger than the conforming loan limits prescribed by government-sponsored mortgage institutions Fannie Mae and Freddie Mac. In 2020, the maximum conforming limit is USD 510,400. Now, the question becomes: Am I qualified for jumbo mortgage loans, Orange County? The following are some crucial questions you need to ask yourself. Do I have a good (if not exceptional) credit score? While every lender has different requirements for jumbo loan application approval, they generally require higher credit scores for a higher loan amount, which includes jumbo loans. Most lenders want to see 700 to 720 at the minimum for jumbo home loans. […]