Question 1

What is the conforming loan limit in Marin County?

Accepted Answer

Marin County qualifies for high-cost area limits set annually by the FHFA. Loans above that threshold are jumbo — check current limits before assuming your loan type.

Question 2

Do jumbo loans require a larger down payment?

Accepted Answer

Most jumbo lenders want 10-20% down. Some require more depending on loan size and your credit profile.

Question 3

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always. With strong credit and reserves, jumbo rates can be competitive. Shopping multiple lenders is key — rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 700 or higher. Some go up to 720 for larger loan amounts or lower down payments.

Question 5

Can I get a conventional loan for a home in Fairfax?

Accepted Answer

Yes, if the loan amount stays within the high-cost conforming limit. Many Fairfax purchases exceed that cap and require jumbo financing.

Question 6

How many months of reserves do jumbo lenders require?

Accepted Answer

Typically 12 months of mortgage payments in liquid assets. Some lenders go higher for very large loan amounts.

Conventional vs Jumbo Loans in Fairfax, CA