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Inglewood sits in one of California's most expensive housing markets. Properties exceeding the 2026 Los Angeles County conforming limit of $1,249,125 need jumbo financing.
The city's proximity to LAX and recent development near SoFi Stadium has pushed many single-family homes and renovated properties into jumbo territory. Standard conforming loans won't cover these purchases.
Jumbo Loans in Inglewood
Most jumbo lenders want 700+ credit scores and 20% down minimum. Properties between $800K-$1.5M might qualify with 680 credit if you put 25% down.
Expect rigorous income verification. Two years of tax returns, W-2s, and bank statements showing 6-12 months of reserves after closing. Self-employed borrowers face extra scrutiny on their business documentation.
Debt-to-income ratios typically max out at 43%, though some portfolio lenders go to 45% for strong profiles. You need documented income to support the payment, not just the assets.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Inglewood.
Inglewood sits in one of California's most expensive housing markets. Properties exceeding the 2026 Los Angeles County conforming limit of $1,249,125 need jumbo financing.
The city's proximity to LAX and recent development near SoFi Stadium has pushed many single-family homes and renovated properties into jumbo territory. Standard conforming loans won't cover these purchases.
Most jumbo lenders want 700+ credit scores and 20% down minimum. Properties between $800K-$1.5M might qualify with 680 credit if you put 25% down.
Jumbo loans aren't standardized like conforming loans. Each lender sets their own guidelines, which means rate and approval odds vary wildly across our 200+ wholesale sources.
Regional banks and credit unions sometimes offer better jumbo rates than national lenders in Los Angeles County. Portfolio lenders keep loans on their books, so they price based on local market knowledge.
Shopping multiple lenders matters more for jumbo loans than any other product. We've seen rate spreads of 0.75% between lenders for identical borrower profiles.
Inglewood jumbo buyers often hit snags with appraisals. The recent development spike means comparable sales data gets thin, especially for renovated properties or new construction near entertainment venues.
Many Inglewood borrowers have income sources beyond W-2 wages. Jumbo underwriting handles commission income, bonuses, and RSUs differently than conforming loans. Documentation timing matters more than most buyers expect.
Adjustable rate jumbos price 0.50-0.875% below fixed rates right now. If you plan to sell within 7-10 years, ARMs cut your monthly payment significantly on loans over $1M.
If you're borrowing $800K-$850K, you might structure the deal as a conforming first mortgage plus a second lien to avoid jumbo pricing. This piggyback approach works when your credit and income support two loans.
Interest-only jumbo loans reduce payments during the interest-only period but require larger reserves and stronger credit. They fit borrowers with variable income or those prioritizing cash flow over equity building.
Inglewood's housing stock ranges from modest mid-century homes to high-end new construction. Lenders treat these property types differently for jumbo qualification, especially regarding down payment and reserve requirements.
Properties within a mile of SoFi Stadium face extra appraisal scrutiny due to rapid value changes. Lenders want proof that comps reflect current market conditions, not pre-development pricing.
Los Angeles County transfer taxes and fees add to closing costs. On a $1.2M purchase, plan for $13,200 in county transfer tax alone, separate from your lender fees and title costs.
Most lenders require 20% down, though some go to 10-15% with higher rates and mortgage insurance. Larger down payments unlock better pricing.
Rates vary by borrower profile and market conditions. Strong credit and large down payments sometimes get jumbo rates below conforming rates.
Yes, but expect 25-30% down and higher rates. Lenders want 12 months of reserves and proof the property generates rental income.
Add 5-10 days for extra documentation review and appraisal complexity. Underwriters scrutinize jumbo files more carefully than conforming loans.
700 minimum for most lenders, 740+ for best rates. Scores below 700 require larger down payments and face limited lender options.
ARMs currently price 0.50-0.875% below 30-year fixed rates. Choose based on how long you'll keep the property and rate risk tolerance.