Question 1

What triggers a jumbo loan in Holtville?

Accepted Answer

Your loan amount must exceed the FHFA conforming limit for Imperial County. Check the current year's limit — it adjusts annually.

Question 2

Are jumbo loans harder to get than conforming?

Accepted Answer

Yes. Lenders carry the full risk, so they dig deeper into income, assets, and credit. Expect more documentation.

Question 3

Can I get a jumbo loan on a farm property?

Accepted Answer

Possibly, but lenders scrutinize rural and agricultural properties closely. Thin comps and land-heavy valuations can complicate approval.

Question 4

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 700 or above. Some go higher. Below 720, your rate options narrow significantly.

Question 5

Do jumbo loans cost more than conforming loans?

Accepted Answer

Often yes, though the gap shifts with market conditions. Rates vary by borrower profile and market conditions.

Question 6

Should I use an ARM for my jumbo loan?

Accepted Answer

If you plan to sell or refinance within 7-10 years, an ARM can lower your payment considerably. Talk to us about your timeline first.

Jumbo Loans in Holtville, CA — What You Need to Know