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Gridley is a small agricultural city in Butte County. Property prices here sit well below what most people picture when they hear 'jumbo loan.'
The conforming loan limit for Butte County is $832,750 as of 2026. You only need a jumbo loan if your purchase price pushes above that threshold.
Above $832,750
Jumbo Threshold
700–720+
Min Credit Score
10–20%
Min Down Payment
12 months PITI
Cash Reserves Required
43%
Max DTI (typical)
Jumbo Loans in Gridley
Jumbo lenders are stricter than conventional lenders. Most want a credit score of 700 or higher — some require 720 or better.
Expect to document two years of tax returns, W-2s, and 12 months of asset statements. Reserves matter a lot. Many lenders want 12 months of mortgage payments sitting in your account.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Gridley.
Gridley is a small agricultural city in Butte County. Property prices here sit well below what most people picture when they hear 'jumbo loan.'
The conforming loan limit for Butte County is $832,750 as of 2026. You only need a jumbo loan if your purchase price pushes above that threshold.
Jumbo lenders are stricter than conventional lenders. Most want a credit score of 700 or higher — some require 720 or better.
Most retail banks offer jumbo products, but their guidelines are rigid. One missed layer of documentation and the file stalls.
We work with 200+ wholesale lenders at SRK CAPITAL. That reach matters on jumbo deals — some lenders price agricultural or rural properties more favorably than others.
Jumbo loans in rural counties get scrutinized hard at appraisal. Comps are thin in Gridley, and appraisers struggle to support value on larger parcels.
If your deal involves farmland or a mix of residential and agricultural use, get the appraisal conversation started early. Wrong property classification can kill a jumbo approval fast.
If your loan amount falls under $832,750, a conforming conventional loan will almost always beat a jumbo on rate and ease of approval.
Adjustable-rate mortgages (ARMs) are worth a look on jumbo deals. The initial fixed period often comes with a noticeably lower rate than a 30-year fixed jumbo. Rates vary by borrower profile and market conditions.
Butte County is not a high-cost area under FHFA rules. The baseline conforming limit applies — no local adjustment bumps the cap higher.
Large ranchettes and estate properties north of Gridley are the most likely jumbo candidates. If the land value drives the price past $832,750, you are in jumbo territory regardless of structure value.
The conforming limit is $832,750 as of 2026. Any loan above that amount requires jumbo financing.
No. Butte County uses the baseline FHFA conforming limit. There is no local high-cost adjustment.
Most jumbo lenders want 700 or higher. Some require 720. Lower scores significantly limit your lender options.
Yes. Most jumbo lenders require 10-20% down. Some programs allow less, but reserve requirements increase.
It depends on the land classification. Agricultural-use properties face tighter lender guidelines and require specialized appraisals.
ARMs offer lower initial rates on jumbo amounts. They make sense if you plan to sell or refinance within 7-10 years.