Question 1

What credit score do I need for a jumbo loan in Rolling Hills?

Accepted Answer

Most lenders require 700 minimum, but 720+ gets you better rates. Larger loan amounts may require 740+ for approval.

Question 2

How much down payment do jumbo loans require?

Accepted Answer

Minimum 10-20% depending on loan size and lender. Loans above $3M often require 25-30% down.

Question 3

Do jumbo loans have higher interest rates than conforming loans?

Accepted Answer

Not always. Rates vary by borrower profile and market conditions, but strong credit can secure competitive jumbo rates.

Question 4

How long does jumbo loan approval take in Rolling Hills?

Accepted Answer

Expect 30-45 days minimum. Appraisals take longer here due to limited comparable sales in this exclusive market.

Question 5

Can I use stock options or RSUs for income qualification?

Accepted Answer

Yes, but documentation gets complex. Lenders typically require two-year history and apply haircuts to equity compensation.

Question 6

What reserves do lenders require for Rolling Hills jumbo loans?

Accepted Answer

Most want 6-12 months of mortgage payments in liquid reserves after closing. Larger loans may require 12-24 months.

Jumbo Loans for Rolling Hills Estates—Financing Beyond Conforming Limits