Question 1

What's the conforming loan limit in San Pablo?

Accepted Answer

$832,750 for single-family homes in Contra Costa County. Anything above that requires jumbo financing.

Question 2

Can I get a jumbo loan with 10% down?

Accepted Answer

Yes, but expect higher rates and stricter requirements. 20% down unlocks better pricing and smoother approvals.

Question 3

Do jumbo loans always have higher rates?

Accepted Answer

Not always. Well-qualified borrowers with strong credit and reserves sometimes get jumbo rates competitive with conventional products.

Question 4

What credit score do I need for each loan type?

Accepted Answer

Conventional allows 620 minimum. Jumbo lenders typically want 700+, with best rates at 740 or higher.

Question 5

How much in reserves do jumbo lenders require?

Accepted Answer

Expect 6-12 months of mortgage payments in liquid reserves. Higher loan amounts push requirements toward the 12-month mark.

Conventional vs Jumbo Loans in San Pablo: Which Fits Your Budget?