Question 1

What loan amount triggers jumbo financing in Clayton?

Accepted Answer

Anything above $832,750 in Contra Costa County requires jumbo financing. Most Clayton homes exceed this threshold given local price points.

Question 2

How much down payment do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 20% down minimum. Putting down 25-30% unlocks better rate tiers and easier qualification requirements.

Question 3

Can I use a jumbo loan for investment property in Clayton?

Accepted Answer

Yes, but expect 25-30% down and stricter reserves. Lenders want 12+ months of payments in the bank for non-owner occupied jumbos.

Question 4

Do jumbo loans have higher interest rates?

Accepted Answer

Not always. Strong borrowers often get jumbo rates within 0.125-0.25% of conforming rates. Your credit and reserves matter more than loan size.

Question 5

How long does jumbo underwriting take in Clayton?

Accepted Answer

Budget 30-45 days from application to closing. Custom properties and complex income add time versus standard tract homes.

Jumbo Loans in Clayton: Financing Mount Diablo Foothills Properties