homes i'm looking at are in the $500k range - is this considered jumbo?

Jumbo is the Loan Size, so if the loan is over $417,000 (for most programs), that would be considered a Jumbo Loan.

Any loan over $417,000 is considered a jumbo loan.

HI: MAY I ASK WHAT COUNTY YOU ARE IN MAYBE I CAN CHECK ON SUPER CONFORMING LOAN AMTS DEPENDING ON COUNTY LIMITS. BANK LENDING NATIONWIDE...WE CAN ASSIST WITH CLOSING COSTS IF NEEDED. (NMLS 754875) MIKE 703 505 5300

The high-cost area loan limit in Orange County is $625,500

In Orange County, loans over $625,500 are considered jumbo. Typically a loan between $417,000 and $625,500 (in Orange, as this number varies based on county) is called a High Balance loan by some lenders, and Super Conforming by other lenders. You only need 10% down minimal for a High Balance/Super Conforming loan, while Jumbo loans typically require at least 20% down. Rates currently are pretty close on these two types of loans. If I can answer any more questions, please call. Marty Stern, HomeStreet Bank, 707-364-4115.