Question 1

What loan amount triggers jumbo in Kings County?

Accepted Answer

Any loan above the FHFA conforming limit for Kings County is considered jumbo. Check current limits before assuming your loan qualifies as conforming.

Question 2

Can I get a jumbo loan with 10% down in Hanford?

Accepted Answer

Some lenders allow 10% down on jumbo loans, but expect higher rates and stricter reserve requirements. Most deals in this range still favor 20% down.

Question 3

Are jumbo rates higher than conventional rates?

Accepted Answer

Usually yes, though the gap narrows for strong borrowers. Rates vary by borrower profile and market conditions.

Question 4

Do jumbo loans require a special appraisal in rural areas?

Accepted Answer

Jumbo lenders often require more rigorous appraisal review. In Kings County, limited comparable sales can make this process slower and more complex.

Question 5

Can self-employed borrowers get jumbo loans in Hanford?

Accepted Answer

Yes, but lenders will require two years of tax returns and possibly business bank statements. Jumbo guidelines here are less flexible than conforming.

Question 6

Is an ARM a smart move on a jumbo purchase in Hanford?

Accepted Answer

If your hold period is under 10 years, an ARM can cut your rate. Run the numbers against a fixed jumbo before deciding.

Jumbo Loans in Hanford, CA — Kings County's High-Value Financing