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San Fernando sits in a unique position within Los Angeles County. Properties here often hit jumbo territory faster than borrowers expect.
The conforming loan limit for 2026 in LA County is $1,249,125. Anything above that threshold requires jumbo financing, and we're seeing more San Fernando buyers cross that line.
This isn't Beverly Hills pricing, but you'd be surprised how many single-family homes and investment properties here need jumbo programs. Multi-unit buildings especially.
Jumbo Loans in San Fernando
Jumbo loans demand stronger financials than conforming programs. Most lenders want 700+ credit scores, though we've placed deals at 680 with compensating factors.
Expect 10-20% down depending on loan amount and property type. Cash reserves matter more here—lenders typically require 6-12 months of payments in the bank post-closing.
Debt-to-income ratios stay tight, usually maxing at 43-45%. Self-employed borrowers need clean tax returns showing consistent income over two years minimum.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in San Fernando.
San Fernando sits in a unique position within Los Angeles County. Properties here often hit jumbo territory faster than borrowers expect.
The conforming loan limit for 2026 in LA County is $1,249,125. Anything above that threshold requires jumbo financing, and we're seeing more San Fernando buyers cross that line.
This isn't Beverly Hills pricing, but you'd be surprised how many single-family homes and investment properties here need jumbo programs. Multi-unit buildings especially.
Not every lender does jumbo, and those that do have wildly different appetites. Some cap at $2 million, others go to $5 million or higher with the right profile.
Portfolio lenders often beat big banks on jumbo pricing because they hold these loans instead of selling them. That gives them flexibility on underwriting too.
Rate shopping matters enormously at this loan size. A quarter-point difference on $1.5 million costs you real money every month. We compare across 200+ wholesale lenders to find the tightest spread.
San Fernando buyers often don't realize they need jumbo until they're already shopping. Many assume only coastal properties require it, but LA County's high conforming limit applies everywhere in the county.
Investment properties hit jumbo limits faster because you can only put 15-20% down on a conforming loan above certain thresholds. Cash-out refinances trigger jumbo treatment frequently too.
The underwriting takes longer—plan for 30-45 days instead of the usual 21. Appraisals get more scrutiny, especially on unique properties where comps run thin.
If you're close to the conforming limit, running both scenarios makes sense. Putting more down to stay conforming sometimes costs less over the loan term despite the higher down payment.
Adjustable rate jumbos offer lower start rates than fixed, but you're taking rate risk on a big balance. Interest-only jumbos work for borrowers with irregular income or investment strategies.
Conventional conforming loans have easier qualification and faster processing. But above $1,249,125 in LA County, jumbo is your only option unless you're splitting the purchase creatively.
San Fernando's mix of older single-families and newer construction affects jumbo approvals differently. Older properties may need renovation contingencies that complicate jumbo underwriting.
Multi-generational homes are common here, and lenders scrutinize occupancy on larger properties. If it looks like an investment property but you're claiming primary residence, expect questions.
Property taxes in LA County add to your debt ratio calculation. At jumbo loan amounts, that tax payment becomes a meaningful piece of your qualifying income requirements.
Jumbo starts above $1,249,125 in LA County for 2026. That's the conforming limit for single-family homes; multi-unit properties have different thresholds.
Not always. We place jumbo loans with 10-15% down regularly. Lower down payments require stronger credit and larger reserves though.
Not currently. Jumbo rates often match or beat conforming rates because of competition among portfolio lenders. Rates vary by borrower profile and market conditions.
Yes, but you need two years of tax returns showing stable or increasing income. We can also use bank statement programs for self-employed with jumbo needs.
Expect 30-45 days for jumbo loans versus 21 days for conforming. The extra underwriting scrutiny and appraisal requirements add time to the process.
Absolutely. Investment property jumbos require 20-25% down and larger reserves. Rental income from the property can help you qualify if documented properly.