Orange County Conventional Mortgage Benefits & Advantages
Conventional loans offer the most flexibility and competitive rates for qualified borrowers in Orange County.
Flexible Down Payments
Put down as little as 3% for first-time buyers or 5% for repeat buyers with conventional loans.
Competitive Interest Rates
Access competitive rates from 200+ lenders to secure the most competitive conventional loan rates.
No Upfront Mortgage Insurance Premium
Unlike FHA loans, conventional loans don't require upfront mortgage insurance premiums.
Higher Loan Limits
Borrow up to $1,089,300 in Orange County with conventional conforming loans in 2025.
Flexible Credit Requirements
Qualify with credit scores as low as 620, with better rates available for higher scores.
No Geographic Restrictions
Use conventional loans for primary residence, second homes, or investment properties.
Orange County Conventional Mortgage Qualification Requirements
Conventional loans have flexible qualification requirements that can accommodate a wide range of borrowers in Orange County. Compare with FHA loan requirements or explore VA loan options for veterans.
Orange County Conventional vs FHA Mortgage Comparison
Understanding the key differences can help you choose the right loan program. Learn more aboutFHA loan details or explore our complete home buying guide.
| Feature | Conventional Loan | FHA Loan |
|---|---|---|
| Minimum Down Payment | 3-5% | 3.5% |
| Minimum Credit Score | 620 | 580 |
| Mortgage Insurance | PMI (removable) | MIP (permanent) |
| Loan Limits (2025) | $1,089,300 | $1,089,300 |
| Property Types | All types | Primary residence only |
Orange County Conventional Mortgage Application Process
Our streamlined process makes getting your conventional loan faster and easier.
Pre-Qualification
Quick assessment of your borrowing capacity and rate options
Document Submission
Provide income, asset, and employment verification
Underwriting Review
Comprehensive evaluation of your loan application
Closing & Funding
Final loan approval and funding of your home purchase
Conventional Home Loans in Orange County Cities & Neighborhoods
Serving homebuyers across all major Orange County cities with competitive conventional loan rates.
Orange County Conventional Mortgage Questions & Answers
What is the minimum down payment for a conventional loan in Orange County?
First-time buyers can put down as little as 3%, while repeat buyers typically need 5-10%. The exact amount depends on your credit score, debt-to-income ratio, and loan program.
Can I remove private mortgage insurance (PMI) from a conventional loan?
Yes! PMI can be removed when you reach 20% equity in your home, either through payments or appreciation. This is a key advantage over FHA loans where mortgage insurance is typically permanent.
What credit score do I need for a conventional loan?
Most conventional loans require a minimum credit score of 620, though some programs accept scores as low as 580. Higher credit scores (740+) typically qualify for the best interest rates.
What is the 2025 conventional loan limit in Orange County?
The conforming loan limit for Orange County in 2025 is $1,089,300, as set by the Federal Housing Finance Agency. Loans above this amount are considered jumbo loans and have different requirements and rates. Learn more about our <a href="/loan-programs/jumbo-loans" className="text-blue-600 hover:text-blue-700 underline">jumbo loan options</a>.
Can I use a conventional loan for investment property?
Yes, conventional loans can be used for primary residences, second homes, and investment properties. Down payment requirements are typically higher for non-owner occupied properties.
How long does it take to close on a conventional loan?
Most conventional loans close within 2-3 weeks from start to finish with our streamlined process and lender network.