Question 1

What is the conforming loan limit in Butte County?

Accepted Answer

The FHFA sets the 2026 conforming limit at $832,750 for Butte County. Loans above that amount require jumbo financing.

Question 2

Do jumbo loans always have higher rates than conventional?

Accepted Answer

Not always. Jumbo rates depend on the lender and your credit profile. Rates vary by borrower profile and market conditions.

Question 3

Can I put less than 20% down on a jumbo loan?

Accepted Answer

Some jumbo lenders allow 10% down, but expect stricter credit and reserve requirements. Most want 20% or more.

Question 4

What credit score do I need for each loan type?

Accepted Answer

Conventional loans start at 620. Jumbo lenders typically want 700 or higher, and some require 720 for better pricing.

Question 5

Is a conventional loan faster to close than a jumbo?

Accepted Answer

Generally yes. Conventional underwriting follows standardized guidelines. Jumbo loans involve more documentation and manual review.

Question 6

How many months of reserves does a jumbo lender require?

Accepted Answer

Most jumbo lenders want 12 months of mortgage payments in reserves. Some go higher depending on loan size and credit profile.

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