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Delano sits in Kern County's agricultural heartland. Home prices here run well below coastal California norms.
Jumbo loans kick in above the conforming limit set by the FHFA. In most of Kern County, that threshold is lower than LA or the Bay Area.
700–720+
Min Credit Score
10–20%
Down Payment
200+ Wholesale
Lender Access
12 Months PITI
Reserves Required
Jumbo Loans in Delano
Jumbo lenders want to see strong financials. Most require a credit score of 700 or higher — some push to 720.
Expect to document two years of tax returns, 12 months of bank statements, and full asset reserves. Lenders want proof you can carry a large loan.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Delano.
Delano sits in Kern County's agricultural heartland. Home prices here run well below coastal California norms.
Jumbo loans kick in above the conforming limit set by the FHFA. In most of Kern County, that threshold is lower than LA or the Bay Area.
Jumbo lenders want to see strong financials. Most require a credit score of 700 or higher — some push to 720.
Jumbo loans aren't bought by Fannie Mae or Freddie Mac. Each lender sets its own rules. That makes shopping lenders critical.
SRK CAPITAL works with 200+ wholesale lenders. In a market like Delano, finding a lender who understands rural Kern County valuations matters.
Most jumbo deals in Delano involve agricultural estates or large custom homes. Appraisers need comparable sales — and comps are scarce here.
A weak appraisal can kill a jumbo deal fast. Get a broker who knows how to build the appraisal file before the order goes in.
If your purchase price falls at or just above the conforming limit, a conforming loan is almost always cheaper. Jumbo rates run higher and qualifying is stricter.
An ARM (adjustable-rate mortgage) can lower your jumbo start rate. That works well if you plan to sell or refinance within 5-7 years.
Delano's economy ties closely to agriculture. Lenders scrutinize farm income carefully. Business cycles in ag can make income look inconsistent year to year.
Large land parcels complicate jumbo appraisals further. If the land value outweighs the home value, some lenders will pass entirely.
The conforming limit set by the FHFA applies to Kern County. Any loan above that limit is jumbo. Check current FHFA limits before assuming your loan size.
Yes, but lenders want two years of tax returns. Inconsistent ag income makes qualifying harder — a broker who knows the file structure helps.
Most jumbo lenders want 20% down. Some allow 10-15% with strong credit and reserves. Under 20% typically means higher rates.
Generally yes. Rates vary by borrower profile and market conditions. High credit scores and large reserves can narrow that gap significantly.
The loan amount is based on the appraised value, not the purchase price. A low appraisal on a jumbo deal can require more cash down or kill the deal.
Banks offer one set of guidelines. A broker shops across many lenders to find who will approve your specific file at the best terms available.