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San Gabriel sits in the heart of Los Angeles County, where many properties exceed the 2026 conforming loan limit of $1,249,125. Single-family homes in established neighborhoods regularly push past $1 million, requiring jumbo financing.
This city attracts buyers seeking spacious homes with access to top-rated schools and cultural amenities. The local market includes both historic properties and modern builds that command premium prices.
Jumbo Loans in San Gabriel
Expect lenders to require 680-700 minimum credit scores for jumbo loans. Most want to see 720+ to unlock competitive rates. Down payment starts at 10-20% depending on loan amount and property type.
You'll need strong reserves—typically 6-12 months of mortgage payments sitting in the bank after closing. Debt-to-income ratios max out around 43%, though some lenders stretch to 45% for exceptional borrowers with compensating factors.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in San Gabriel.
San Gabriel sits in the heart of Los Angeles County, where many properties exceed the 2026 conforming loan limit of $1,249,125. Single-family homes in established neighborhoods regularly push past $1 million, requiring jumbo financing.
This city attracts buyers seeking spacious homes with access to top-rated schools and cultural amenities. The local market includes both historic properties and modern builds that command premium prices.
Expect lenders to require 680-700 minimum credit scores for jumbo loans. Most want to see 720+ to unlock competitive rates. Down payment starts at 10-20% depending on loan amount and property type.
Jumbo loans don't follow Fannie Mae or Freddie Mac rules. Each lender sets their own underwriting standards. This creates massive rate and requirement variation across the 200+ wholesale lenders we access.
Some portfolio lenders offer more flexible income documentation for self-employed borrowers. Others excel at financing investment properties or condos in mixed-use buildings. Shopping multiple lenders isn't optional—it's the only way to find your best fit.
Most San Gabriel buyers don't realize they're in jumbo territory until prequalification. They assume conventional financing will work, then discover their target price range requires different documentation and reserves.
Start gathering 24 months of bank statements and two years of tax returns before you house hunt. Self-employed borrowers should expect extra scrutiny on business financials. If you're buying in the $900K-$1.2M range, get reserves in order early—lenders will verify every dollar.
If your loan amount sits just above conforming limits, compare jumbo rates against a conforming first mortgage plus a second lien. Sometimes splitting the loan saves money, especially if jumbo rates spike.
Adjustable-rate jumbos often price 0.5-1% below fixed rates in the first 5-10 years. This works for buyers planning to sell or refinance before the adjustment period. Interest-only options exist but require pristine credit and substantial reserves.
San Gabriel's school districts drive property values and buyer competition. Homes in top-rated school boundaries command premiums that often require jumbo financing even for modest square footage.
The city's proximity to downtown Los Angeles and Asian cultural centers attracts affluent buyers with international income sources. Some lenders won't finance properties with commercial components on the ground floor—common in parts of San Gabriel—so vet the property type early.
Any loan above $832,750 is jumbo in Los Angeles County. Many San Gabriel homes exceed this, especially in top school areas.
Not always. Some lenders approve 10-15% down, but expect higher rates and stricter reserve requirements below 20%.
Yes, but you'll need two years of tax returns and strong business financials. Portfolio lenders offer more flexibility than banks.
Jumbo rates typically run 0.25-0.75% higher than conforming. Rate spreads vary by lender and borrower profile.
Minimum 680, but 720+ unlocks better rates and terms. Some lenders require 740 for loans above $2 million.
Yes, but lenders scrutinize HOA financials and owner-occupancy ratios. Some won't touch condos in buildings with ground-floor retail.