Question 1

What is the conforming loan limit that triggers jumbo loan requirements?

Accepted Answer

The conforming loan limit changes annually. For 2026, single-family homes exceed this threshold above $1,249,125 in most counties, though high-cost areas have higher limits. Loans above these amounts require jumbo financing.

Question 2

Can I get a jumbo loan with less than 20% down in San Pablo?

Accepted Answer

Yes, some lenders offer jumbo loans with 10-15% down, though you'll face stricter credit and reserve requirements. Larger down payments generally secure better rates and easier approval.

Question 3

Do jumbo loans in Contra Costa County require mortgage insurance?

Accepted Answer

Most jumbo loans avoid mortgage insurance entirely, even with less than 20% down. Instead, lenders use higher rates or stricter qualification standards to manage risk.

Question 4

How do jumbo loan rates compare to conforming rates?

Accepted Answer

Jumbo rates historically exceeded conforming rates but often run competitive or even lower today. Rates vary by borrower profile and market conditions, making shopping essential.

Question 5

What income documentation do I need for a San Pablo jumbo loan?

Accepted Answer

Expect to provide two years of tax returns, recent pay stubs, W-2s, and bank statements. Self-employed borrowers need business tax returns and may require profit-loss statements or CPA letters.

Jumbo Loans in San Pablo: Financing Beyond Conforming Limits in Contra Costa County