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San Dimas sits in the foothills where home values frequently exceed conforming loan limits. The city's proximity to quality schools and established neighborhoods creates demand for jumbo financing.
Properties in areas like Via Verde Country Club and north of the 210 freeway routinely require loans above conventional limits. Jumbo programs handle these higher-value transactions.
Jumbo Loans in San Dimas
Most jumbo lenders want 700+ credit scores and 20% down minimum. Self-employed borrowers face stricter documentation—expect two years of tax returns and bank statements.
Debt-to-income ratios typically cap at 43%, though some lenders allow 45% with compensating factors. Reserve requirements run 6-12 months of mortgage payments in liquid assets.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in San Dimas.
San Dimas sits in the foothills where home values frequently exceed conforming loan limits. The city's proximity to quality schools and established neighborhoods creates demand for jumbo financing.
Properties in areas like Via Verde Country Club and north of the 210 freeway routinely require loans above conventional limits. Jumbo programs handle these higher-value transactions.
Most jumbo lenders want 700+ credit scores and 20% down minimum. Self-employed borrowers face stricter documentation—expect two years of tax returns and bank statements.
Rate spreads between lenders on jumbo loans run wider than conforming products. Shopping across our 200+ wholesale sources typically saves 0.25-0.50% in rate or thousands in costs.
Some lenders specialize in high-income W-2 borrowers while others handle complex self-employed income. Portfolio lenders offer flexibility that agency guidelines don't allow.
San Dimas jumbo buyers underestimate reserve requirements. Lenders want to see 6-12 months of payments sitting liquid after closing—not tied up in retirement accounts or other real estate.
ARM products make sense for buyers planning to move within 7-10 years. A 7/1 ARM typically prices 0.375-0.625% below the 30-year fixed on jumbo amounts. Rates vary by borrower profile and market conditions.
Conventional conforming loans cap at $832,750 in Los Angeles County. Above that threshold, you enter jumbo territory where underwriting standards tighten and rate pricing changes.
Interest-only options exist in the jumbo space but require exceptional credit and reserves. ARM structures offer lower starting rates than fixed jumbos for buyers with shorter time horizons.
San Dimas appraisals require comps from similar foothill communities. Appraisers sometimes pull from Glendora or La Verne when local sales are limited, which can affect valuation.
Properties with significant land or custom features need jumbo programs that allow flexibility. Some lenders cap lot sizes or require additional scrutiny for homes with income-producing elements like guest houses.
Most lenders require 700 minimum, with 720+ getting best pricing. Scores below 700 face rate penalties or need larger down payments.
Expect 20% minimum, though 25-30% down improves pricing and approval odds. Some lenders allow 10-15% down with perfect credit and heavy reserves.
Not always. Jumbo rates sometimes match or beat conforming rates depending on market conditions. Rate spreads fluctuate based on investor appetite.
Yes, but expect 25-30% down and higher reserves. Lenders treat second homes more conservatively than primary residences on jumbo amounts.
Plan for 6-12 months of mortgage payments in liquid assets after closing. Higher loan amounts or weaker credit require reserves at the upper end.