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Industry sits at the edge of Los Angeles County's industrial corridor, where $1.56M purchases are now common for single-family homes. At 6.375%, a $1.25M jumbo loan runs $7,793 monthly in principal and interest alone.
The county's median household income of $87,760 means jumbo buyers here are typically investors or executives relocating for work. Jumbo lending in this price range demands 20% down and strong reserves—not every lender will touch it.
6.375%
Interest Rate
$7,793
Monthly P&I
740
Minimum FICO
20% ($312K)
Down Payment
45-60 days
Underwriting
Jumbo Loans in Industry
Jumbo loans above $1.25M require 740+ FICO, 20% down ($312K on a $1.56M purchase), and 6-12 months liquid reserves. Debt-to-income typically caps at 43%, which means your total monthly debt can't exceed $3,753 if you earn $87,760 annually.
Lenders scrutinize employment history and asset sources closely. A W-2 job with two years' history is standard; self-employed borrowers need two years of tax returns and a CPA letter. Cash reserves matter more on jumbo than on conforming loans.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Industry.
Industry sits at the edge of Los Angeles County's industrial corridor, where $1.56M purchases are now common for single-family homes. At 6.375%, a $1.25M jumbo loan runs $7,793 monthly in principal and interest alone.
The county's median household income of $87,760 means jumbo buyers here are typically investors or executives relocating for work. Jumbo lending in this price range demands 20% down and strong reserves—not every lender will touch it.
Jumbo loans above $1.25M require 740+ FICO, 20% down ($312K on a $1.56M purchase), and 6-12 months liquid reserves. Debt-to-income typically caps at 43%, which means your total monthly debt can't exceed $3,753 if you earn $87,760 annually.
Jumbo lending in California is fragmented. Portfolio lenders (banks that keep loans on their books) and jumbo specialists dominate above $1.25M. Retail banks rarely compete here; brokers access jumbo networks that retail shops can't reach.
Underwriting takes 45-60 days for jumbo because appraisals are more rigorous and employment verification is deeper. Rates typically run 0.25-0.5% higher than conforming 30-year fixed to compensate for the smaller secondary market and tighter credit box.
Jumbo makes sense in Industry when you have 20%+ down and strong reserves. At $1.56M, a jumbo at 6.375% beats a 5/1 ARM that starts lower but resets after five years—you're locked in for stability.
It doesn't make sense if you're stretching to 15% down or have less than six months reserves. Lenders will reject the file, and you'll waste time. Save, then buy jumbo clean.
Jumbo 30-year fixed locks your rate for 30 years. A 5/1 ARM starts lower but adjusts after year five—your payment could jump $500+ monthly when rates reset. In Industry's $1.56M range, that's real risk.
Conventional conforming loans max out at $1.25M, so you'd need two loans (a piggyback) to avoid jumbo. That's two sets of closing costs and two servicers—jumbo is cleaner and cheaper overall.
Industry is a light industrial and logistics hub in southeast Los Angeles County. Buyers here are often corporate relocations or investors buying for long-term rental income—jumbo loans suit that profile because they're designed for non-owner-occupied or...
The area's proximity to ports and distribution centers means stable employment for the kind of borrowers who can qualify for jumbo. That stability supports the 20% down and reserve requirements lenders demand.
At 6.375% on a $1.25M loan, principal and interest run $7,793 monthly. That's before taxes, insurance, and HOA. The full scenario: $1.56M purchase, $312K down (20%), 740 FICO, 30-day lock, 0.472 points ($5,897 upfront).
Yes. Jumbo lenders require 20% down minimum ($312K on a $1.56M purchase). Some portfolio lenders go to 15% with exceptional credit and reserves, but 20% is the standard. Below that, you'll be rejected.
45-60 days. Jumbo files require deeper employment verification, stricter appraisals, and asset review. Conforming loans close in 30-40 days; jumbo is slower because lenders keep these loans on their books, not sell them.
Yes, but you'll need two years of tax returns, a CPA letter, and a business license. Self-employed borrowers face tighter scrutiny on income stability. W-2 employees with two years' history have an easier path.
Jumbo is one loan; piggyback is two (an 80% conforming + a 10-15% second). Jumbo has one rate, one servicer, one closing. Piggyback means two sets of closing costs and two monthly payments. Jumbo is simpler and cheaper.