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Jumbo Loans in Santa Fe Springs
Santa Fe Springs sits in LA County where conforming limits max out at $806,500 in 2025. Properties above that threshold require jumbo financing.
Most buyers here use jumbos for commercial-industrial conversions or larger single-family homes. These loans price differently than conforming products.
LA County jumbo rates run 0.25-0.75% above conforming rates depending on loan size and borrower profile. Rates vary by borrower profile and market conditions.
Most jumbo lenders want 700+ credit and 20% down minimum. Some programs accept 10% down with 740+ scores and strong reserves.
You need 6-12 months reserves depending on loan size. Over $2M typically requires 12 months. Cash, retirement accounts, and investment portfolios count.
Debt-to-income caps at 43% for most programs. Self-employed borrowers face stricter documentation but qualify with solid tax returns.
We work with 200+ wholesale lenders including portfolio jumbo specialists. Not all lenders price jumbos the same—spreads vary by $100K+ in loan size brackets.
Some lenders cap at $2M. Others go to $5M or higher with right profile. Rate breaks happen at $1M, $1.5M, and $2M for most lenders.
Credit unions often beat banks on smaller jumbos under $1.5M. Private banks excel on loans above $3M with relationship pricing.
Santa Fe Springs buyers often underestimate reserve requirements. We see deals stall when borrowers can't show 12 months reserves on $2M+ purchases.
ARMs make sense here if you plan to sell within 7 years. The 7/1 ARM typically prices 0.50% below 30-year fixed on jumbos.
Appraisals take longer in Santa Fe Springs than coastal LA markets. Budget 2-3 weeks for complex properties or unique commercial conversions.
If your purchase is near $806,500, structuring as conforming with 20% down beats jumbo pricing. Run both scenarios before committing.
Interest-only jumbos work for high earners expecting income growth. You pay only interest for 10 years, then principal and interest.
Adjustable rate jumbos start lower than fixed but adjust after 5-10 years. Best for borrowers planning to refinance or sell before adjustment.
Santa Fe Springs has commercial-zoned properties that require specialized jumbo products. Not every lender handles mixed-use or industrial conversions.
LA County transfer taxes add to closing costs. Factor this into your cash-to-close projections on larger purchases.
Flood zone properties in Santa Fe Springs need flood insurance. This affects your debt-to-income calculation and total monthly payment.
Most lenders require 700 minimum with 20% down. You can qualify at 680 with larger down payments and strong reserves, but rates increase.
Jumbo rates run 0.25-0.75% above conforming rates depending on loan size and profile. Rates vary by borrower profile and market conditions.
Yes, with 740+ credit and 12 months reserves. Expect higher rates and possible PMI on low-down jumbo programs.
Most lenders cap at $2-3M. We have access to portfolio lenders who go to $5M+ with strong borrower profiles.
Appraisals add 1-2 weeks compared to conforming loans. Expect 30-40 days total with complex properties or unique zoning.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.