The 2024 high-balance conforming loan limit for Orange County is $1,149,825.

The 2024 “low-balance” conforming loan limit for Orange County is $766,550.

  • Both loan limits above are based on a 1-unit property.

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Loans between $766,550 and $1,149,825 for a 1-unit property in Orange County are considered high-balance conforming loans.  High-balance loans tend to have slightly higher interest rates and slightly tighter qualifying guidelines compared to loans under the low-balance limit of $766,550.  With a high-balance loan, you can put as little as 5% down, and the entire down payment can be a gift.

If you can keep your loan under $766,550, you will be rewarded with a lower interest rate and payment.  Also, you can put as little as 3% down, and the entire down payment can be a gift.

First-time home buyers purchasing a home in Orange County may qualify for lower rates and costs by waiving Loan Level Pricing Adjustments or LLPAs if their gross annual qualifying income is $126,240 or less.

Loans above $1,149,825 for 1-unit properties in Orange County are considered jumbo loans. Jumbo loans can have more difficult qualifying requirements, such as mandatory reserve funds and lower maximum debt-to-income ratios.

Here are the high-balance conforming loan limits for 2 to 4-unit properties in Orange County

  • 2-unit property – $1,472,250
  • 3-unit property – $1,779,525
  • 4-unit property – $2,211,600

You can secure a lower interest rate and put as little as 5% down on a primary residence if you keep your loan amount under the “low-balance” limits for 2 to 4-unit properties in Orange County.

Below are the “low-balance” conforming loan limits for 2 to 4-unit properties in Orange County:

  • 2-unit property – $981,500
  • 3-unit property – $1,186,350
  • 4-unit property – $1,474,400

Click Here for FHA Loan Limits for Orange County2024

If you are looking for a purchase loan or a refinance in Orange County, we would love to work with you! We can close a purchase loan in as little as 10 days and refinances in 15 days.  You won’t find a lower rate and better service than Community First Mortgage.

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Date UpdatedTime
Mar 27, 20241:29 PM
(Rates subject to change without notice)
Loan TypeLoan PurposeLoan TermInterest RateAPRPoints
ConformingPurchase30 year fixed6.125%6.260%1.143
ConformingPurchase30 year fixed6.490%6.517%0.007
ConformingPurchase20 year fixed5.990%6.064%0.318
ConformingPurchase15 year fixed5.500%5.623%0.516
FHAPurchase30 year fixed5.750%6.492%0.032
VAPurchase30 year fixed5.750%5.990%0.138

Conforming

30 Year Fixed

InterestAPRPoints
6.125%6.260%1.143
6.490%6.517%0.007

20 Year Fixed

InterestAPRPoints
5.990%6.064%0.318

15 Year Fixed

InterestAPRPoints
5.500%5.623%0.516

FHA

30 Year Fixed

InterestAPRPoints
5.750%5.990%0.138

VA

30 Year Fixed

InterestAPRPoints
5.750%6.492%0.032

Loan Assumptions