Loan program
Jumbo Loans
California home prices mean a lot of buyers need financing above the conforming loan limit — especially in higher-cost counties. Jumbo loans fill that gap, with underwriting that looks a little different from a standard conventional loan.
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What makes a loan "jumbo"
Conforming loan limits — the maximum a conventional loan can be while still following Fannie Mae and Freddie Mac guidelines — vary by county and are reset annually, and many California counties sit at the higher end of that range. Anything above the limit for your specific county needs jumbo financing instead.
How qualifying is different
Because jumbo loans aren't backed by Fannie Mae or Freddie Mac, lenders carry more of the risk directly — which typically means a higher bar on credit score, a larger down payment, and proof of cash reserves after closing. None of that is disqualifying; it's just a different set of numbers to plan around.
Who this fits well
- Buyers purchasing in higher-cost California counties where home prices routinely exceed conforming limits
- Buyers with strong credit, documented income, and reserves beyond the down payment itself
- Both primary residence and second-home purchases — jumbo isn't limited to primary homes
Fixed or adjustable
Jumbo loans come in both fixed-rate and adjustable-rate structures, the same tradeoff as conforming loans — predictability versus a lower initial rate. We'll look at both based on your plans for the property.
Financing above the conforming limit?
Let's talk through what jumbo underwriting will actually look like for you.