Question 1

What is the conforming loan limit in Marin County?

Accepted Answer

Marin County is a high-cost area. Any loan above the FHFA limit for the county is considered jumbo and follows stricter guidelines.

Question 2

Can I get a jumbo loan with less than 20% down?

Accepted Answer

Some lenders allow 10% down on jumbo loans. Expect higher rates and stricter reserve requirements at that down payment level.

Question 3

How long does jumbo underwriting take in Fairfax?

Accepted Answer

Manual underwriting adds time. Budget 30-45 days. Complex income or unique properties can push that longer.

Question 4

Do jumbo loans require mortgage insurance?

Accepted Answer

No. Jumbo loans don't carry PMI. Lenders manage risk through stricter credit and reserve requirements instead.

Question 5

Are jumbo rates always higher than conforming rates?

Accepted Answer

Not always. As of April 2026, jumbo rates compete closely with conforming in some scenarios. Rates vary by borrower profile and market conditions.

Question 6

What reserves do jumbo lenders require in Marin County?

Accepted Answer

Most jumbo lenders want 12 months of housing payments in reserves. Some high-balance programs require more.

Jumbo Loans in Fairfax, Marin County