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Jumbo Loans in Parlier
Parlier sits in central Fresno County where conforming loan limits rarely come into play. Most properties here fall well below the $806,500 threshold for standard financing.
Jumbo loans in this market typically fund large-acreage properties, estate homes, or investment portfolios. These aren't your typical first-time buyer transactions.
Expect lenders to ask for 700+ credit scores and 20-25% down minimum. Many want reserves covering 12 months of payments sitting in the bank after closing.
Debt-to-income ratios max out around 43% for most jumbo programs. Self-employed borrowers need two years of tax returns showing consistent income, not one good year.
Jumbo loans aren't sold to Fannie Mae or Freddie Mac. Lenders keep them on their books or sell to private investors, which means guidelines vary wildly between banks.
Some portfolio lenders offer flexibility on agricultural income or land values that big banks won't touch. Shopping across our 200+ wholesale lenders matters more here than on conforming deals.
Most Parlier jumbo deals involve agricultural components—orchards, vineyards, or farmland with residential structures. Standard jumbo underwriting doesn't account for farm income well.
We route these to lenders who understand crop schedules and seasonal cash flow. A citrus grower with $2M in annual revenue doesn't look like a W-2 earner to underwriters.
If you're buying under $806,500, conventional loans beat jumbo rates by 0.25-0.75% right now. The only reason to go jumbo below that threshold is if you need non-standard underwriting.
Interest-only jumbo loans work for buyers planning major property improvements or expecting income jumps. You pay only interest for 10 years, then principal and interest after that.
Parlier appraisers need agricultural property experience. A standard residential appraiser won't properly value 40 acres of stone fruit orchards with irrigation infrastructure.
Well water, ag zoning, and easement issues come up frequently here. Lenders want title companies familiar with Fresno County agricultural parcels, not cookie-cutter suburban subdivisions.
Anything over $806,500 is jumbo in Fresno County. Most Parlier properties fall below this, but large acreage estates and ag operations often exceed it.
Yes, but you need two years of Schedule F tax returns showing profit. Lenders average your net farm income and factor in depreciation add-backs.
Most lenders want 20-25% down minimum. Some portfolio lenders go to 15% down with higher rates and mortgage insurance.
Jumbo rates run 0.25-0.75% higher than conforming loans. Rates vary by borrower profile and market conditions.
Raw land typically requires 30-50% down through specialized ag lenders. Most traditional jumbo programs require an existing residence on the property.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.