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Most Reedley buyers stay under the conforming loan limit and use conventional financing. Jumbo loans become necessary when you're buying above that threshold — rare in Reedley but not impossible.
The conforming limit for Fresno County is $832,750 in 2026. Anything above that requires jumbo financing with stricter underwriting.
Conventional loans work for purchases up to $832,750 in Fresno County. You can put down as little as 3% with PMI, though 20% down eliminates mortgage insurance.
Credit requirements start at 620, but rates improve significantly above 740. These loans offer the most flexibility for Reedley's typical housing stock.
Jumbo loans cover amounts above $832,750. Lenders require stronger financials because Fannie and Freddie won't buy these loans on the secondary market.
Expect minimum 700 credit and 10-20% down depending on loan size. Reserve requirements are steeper — usually 6-12 months of payments in the bank after closing.
Local decision guide
Use this comparison to weigh Conventional Loans and Jumbo Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Reedley.
Most Reedley buyers stay under the conforming loan limit and use conventional financing. Jumbo loans become necessary when you're buying above that threshold — rare in Reedley but not impossible.
The conforming limit for Fresno County is $832,750 in 2026. Anything above that requires jumbo financing with stricter underwriting.
Conventional loans work for purchases up to $832,750 in Fresno County. You can put down as little as 3% with PMI, though 20% down eliminates mortgage insurance.
The biggest split is underwriting rigor. Conventional loans follow Fannie/Freddie guidelines — predictable and well-defined. Jumbo loans vary by lender since each holds the risk on their own balance sheet.
Jumbo rates used to run higher than conventional, but that gap has narrowed. You might see jumbo rates within 0.25-0.50% of conforming now. The trade-off is tighter approval standards and more documentation.
If you're buying under $832,750 in Reedley, conventional wins on flexibility and ease of approval. No reason to complicate the process.
Above that threshold, jumbo is your only option. Make sure you have excellent credit, solid income documentation, and reserves to satisfy lender overlays. We shop jumbo across multiple lenders because guidelines vary widely.
The 2026 conforming limit for Fresno County is $832,750. Anything above requires jumbo financing with different approval standards.
Not necessarily. The rate gap has narrowed to 0.25-0.50% in many cases. Rates vary by borrower profile and market conditions.
Some lenders allow 10% down on jumbo loans, but expect stricter credit and reserve requirements. Most prefer 15-20% down for better terms.
Jumbo loans don't use traditional PMI. Some lenders offer lender-paid coverage at lower down payments, built into the rate.
Conventional loans typically close faster due to standardized underwriting. Jumbo loans take longer because of additional verification and lender-specific overlays.
in Reedley, CA