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Calexico sits on the California-Mexico border in Imperial County. It's not a high-cost market by most California standards.
Jumbo loans kick in above the FHFA conforming limit. In Imperial County, that threshold is lower than coastal California counties.
700–720+
Min Credit Score
43%
Max DTI
12 months
Cash Reserves
10%–20%
Min Down Payment
Jumbo Loans in Calexico
Jumbo lenders want a credit score of 700 or higher — most prefer 720+. Anything below that and your options shrink fast.
Expect a debt-to-income ratio under 43%. Lenders also want 12 months of cash reserves after closing.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Calexico.
Calexico sits on the California-Mexico border in Imperial County. It's not a high-cost market by most California standards.
Jumbo loans kick in above the FHFA conforming limit. In Imperial County, that threshold is lower than coastal California counties.
Jumbo lenders want a credit score of 700 or higher — most prefer 720+. Anything below that and your options shrink fast.
Jumbo loans aren't backed by Fannie Mae or Freddie Mac. Every lender sets their own rules — and those rules vary widely.
We work with 200+ wholesale lenders at SRK CAPITAL. That matters on a jumbo, where one lender's rate can beat another's by half a point.
Jumbo deals in smaller markets like Calexico get extra scrutiny. Appraisers struggle to find comps, which can kill deals late in the process.
Get your appraisal strategy locked before going under contract. A solid comparable sales list from your agent helps the appraiser hit value.
If your loan amount falls close to the conforming limit, a conventional loan is worth running first. You'll get better rates and looser credit requirements.
ARMs are popular on jumbos — the initial fixed period can be 3, 5, or 7 years with a lower starting rate. Rates vary by borrower profile and market conditions.
Calexico's real estate market is border-economy driven. High-value property purchases here can involve cross-border business owners or investors.
Foreign income and cross-border assets complicate jumbo underwriting. Not every lender handles this well — you need one that does.
Jumbo loans start above the FHFA conforming loan limit for Imperial County. Imperial County's limit is lower than high-cost California counties like LA or San Francisco.
Some lenders accept foreign income with proper documentation. Not all jumbo lenders handle this — you need to shop specifically for ones that do.
Most jumbo lenders require 10%-20% down. Larger down payments often unlock better rates.
Generally yes, but the gap has narrowed. Rates vary by borrower profile and market conditions — shopping multiple lenders is critical.
No PMI is required on jumbo loans, even with less than 20% down. The trade-off is stricter credit and reserve requirements.
Jumbo loans are rare in Calexico compared to higher-priced California markets. They're most relevant for commercial investors or high-value residential purchases.