In much of California, home prices routinely exceed the conforming loan limits set for conventional financing. Jumbo loans fill that gap, allowing qualified buyers to finance higher-value properties without being capped by conventional limits.
Because jumbo loans aren't backed by Fannie Mae or Freddie Mac, underwriting tends to be more thorough — but for well-qualified borrowers, the process is often more straightforward than people expect.
Key Benefits
Higher Loan Amounts
Finance above conforming limits for the property and market you actually want.
Competitive Structures
Fixed and adjustable options are typically available depending on your plans.
Multiple Property Types
Primary residences, second homes, and investment properties may all be eligible for qualified borrowers.
Portfolio Flexibility
Some jumbo programs offer more flexibility on asset-based or complex income qualification.
Eligibility at a Glance
- Stronger credit and larger reserves are generally expected compared to conforming loans.
- Down payment requirements are typically higher, though specifics vary by lender and loan amount.
- Income and asset documentation tends to be more thorough given the loan size.
- All terms subject to qualification and lender-specific guidelines.
How It Works
A Quick Conversation
We'll talk through your goals, income, and timeline to see how a jumbo loan fits your plans.
Pre-Approval
Once we've gathered your documents, you'll get a clear picture of what you can qualify for — so you can shop with confidence.
From Offer to Closing
I'll guide you through underwriting, appraisal, and closing, keeping you informed at every step.
Frequently Asked Questions
What counts as a jumbo loan in California?
Any loan amount above the conforming limit for your specific county is generally considered jumbo. Limits vary by county and change periodically, so it's worth checking your specific area.
Do jumbo loans require 20% down?
Not always — some jumbo programs allow less, though requirements are generally higher than conforming loans and depend on your overall financial profile.
Is it harder to qualify for a jumbo loan?
Underwriting is typically more thorough given the loan size, but well-qualified borrowers often find the process manageable with the right preparation.
Do jumbo loans have higher interest rates than conforming loans?
Rates can be higher, lower, or comparable depending on market conditions and the lender — it's less predictable than it used to be, so it's worth comparing directly.
Can I get a jumbo loan with less than perfect credit?
It's more challenging than with conforming loans, but not impossible. Strong compensating factors like reserves or a larger down payment can help offset a less-than-perfect credit profile.