Question 1

What is the conforming loan limit for Kern County?

Accepted Answer

The FHFA sets conforming limits annually. Kern County follows the standard limit — any loan above it becomes a jumbo.

Question 2

Can I get a jumbo loan with 10% down?

Accepted Answer

Some lenders allow 10% down on jumbo loans. You'll need strong credit and solid reserves to qualify at that down payment level.

Question 3

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always. Some lenders price jumbo loans competitively for strong borrowers. Shopping multiple lenders matters more on jumbo deals.

Question 4

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders require a 620 minimum credit score. Better scores get better rates — 740+ puts you in the top pricing tier.

Question 5

Do jumbo loans require more income documentation?

Accepted Answer

Yes. Jumbo lenders typically scrutinize income more closely. Expect two years of tax returns and full asset verification.

Conventional vs Jumbo Loans in Taft, CA