Question 1

What is the conforming loan limit in Calaveras County?

Accepted Answer

The FHFA sets the conforming limit at $806,500 for Calaveras County in 2025. Anything above that requires a jumbo loan.

Question 2

Do jumbo loans have higher rates than conventional loans?

Accepted Answer

Not always. Jumbo rates depend on the lender and your 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 lenders allow 10% down on jumbo loans. Most want strong credit and reserves to offset the lower down payment.

Question 4

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require a 620 minimum. A score above 740 gets you the best conventional pricing.

Question 5

How are jumbo loans different to underwrite?

Accepted Answer

Jumbo loans have no standardized guidelines. Each lender sets their own requirements, so approval criteria can differ significantly.

Conventional vs Jumbo Loans in Angels Camp, CA