Question 1

What's the minimum down payment for a jumbo loan in Temple City?

Accepted Answer

Most lenders require 10-20% down. You'll get better rates with 20% or more, especially on loans above $1.5M.

Question 2

How does my credit score affect jumbo loan rates?

Accepted Answer

Scores above 740 get the best pricing. Below 700, expect rate increases of 0.25-0.75% or denial from some lenders.

Question 3

Can I use a jumbo loan for an investment property in Temple City?

Accepted Answer

Yes, but expect 25-30% down and higher rates. Reserves requirements jump to 12-18 months for non-owner occupied properties.

Question 4

What's the maximum jumbo loan amount available in Los Angeles County?

Accepted Answer

Most lenders cap at $2-3M, though some portfolio lenders go to $4M+. Loan size affects rate and down payment requirements.

Question 5

How long does jumbo loan underwriting take compared to conventional?

Accepted Answer

Add 5-10 days to conventional timelines. Expect 30-40 days total, longer if you're self-employed or have complex income.

Jumbo Loans in Temple City: Financing Above Conforming Limits in LA County