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Madera County has pockets of high-value real estate that push past conforming limits. When a property crosses that threshold, you need a jumbo loan.
Conforming limits are set by the FHFA each year. Any loan above that ceiling is jumbo — and jumbo plays by different rules.
700+ typical
Min Credit Score
10–20% typical
Down Payment
12 months required
Cash Reserves
Fixed or ARM
Rate Type
30–45 days
Avg Close Time
Jumbo Loans in Madera
Most jumbo lenders want a 700+ credit score. Some go down to 680, but you'll pay for it in rate.
Expect to show 12 months of reserves after closing. Lenders want proof you can handle a large payment if income dips.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Madera.
Madera County has pockets of high-value real estate that push past conforming limits. When a property crosses that threshold, you need a jumbo loan.
Conforming limits are set by the FHFA each year. Any loan above that ceiling is jumbo — and jumbo plays by different rules.
Most jumbo lenders want a 700+ credit score. Some go down to 680, but you'll pay for it in rate.
Jumbo loans aren't sold to Fannie Mae or Freddie Mac. Each lender holds them in-house, so guidelines vary widely.
We work with 200+ wholesale lenders. That matters here — one lender might cap DTI at 38%, another allows 45%.
Jumbo deals fall apart at appraisal more than any other loan type. Price your offer carefully in Madera County.
Self-employed borrowers face extra scrutiny on jumbo files. Two years of tax returns is the floor, not the ceiling.
If you're close to the conforming limit, a conventional loan is simpler and cheaper. Jumbo adds cost and complexity.
ARMs can lower your start rate on a jumbo. That tradeoff makes sense for some buyers — not all.
Madera County includes rural parcels and ag-adjacent properties. Some jumbo lenders restrict acreage — know your property type before applying.
Appraisers in less-dense markets sometimes struggle to find comps for high-value homes. This can compress appraised value and complicate approvals.
Any loan above the FHFA conforming limit for Madera County is jumbo. Check the current FHFA limit — it updates annually.
Most jumbo lenders require 10-20% down. Some programs allow less, but expect stricter terms.
Some lenders restrict loans on large acreage. We match you with lenders who accept your specific property type.
Often yes, but not always. Rates vary by borrower profile and market conditions — shopping lenders matters.
Jumbo loans typically take 30-45 days. Complex files with self-employment income can take longer.
Yes, but expect two years of full tax returns plus year-to-date financials. Income averaging is standard on jumbo files.