Question 1

What down payment do I need for a Sanger jumbo loan?

Accepted Answer

Most lenders require 20% down minimum, but properties over $1.5M typically need 25-30% regardless of credit score. Strong profiles occasionally qualify at 15% down.

Question 2

Do jumbo loans work for agricultural properties in Sanger?

Accepted Answer

Yes, but lenders need clear income documentation from farming operations. Properties generating ag income face tighter scrutiny on debt ratios and water rights.

Question 3

How much do jumbo rates exceed conforming rates in Fresno County?

Accepted Answer

Expect 0.25-0.75% higher rates depending on loan size and borrower profile. Rates vary by borrower profile and market conditions.

Question 4

Can I use a jumbo loan for new construction in Sanger?

Accepted Answer

Yes, but jumbo construction loans require 25-30% down and detailed builder financials. Most lenders won't fund spec builds without presales.

Question 5

What reserves do jumbo lenders require in Sanger?

Accepted Answer

Typically 6-12 months of mortgage payments in liquid assets post-closing. Loans over $1.5M often require 12-18 months regardless of income strength.

Jumbo Loans in Sanger: Financing Above Conventional Limits in Fresno County