Question 1

What is the jumbo loan limit in Marin County?

Accepted Answer

Anything above the FHFA conforming limit requires jumbo financing. In Marin, that threshold gets hit on most purchases.

Question 2

How much down payment do jumbo loans require?

Accepted Answer

Most jumbo lenders want 10-20% down. Some high-balance programs allow 10% with strong credit and reserves.

Question 3

Can self-employed buyers get jumbo loans in Larkspur?

Accepted Answer

Yes, but documentation requirements are strict. Plan on two years of tax returns and clean, consistent income history.

Question 4

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. Jumbo rates sometimes price competitively with conforming. Rates vary by borrower profile and market conditions.

Question 5

How long does jumbo loan underwriting take?

Accepted Answer

Jumbo underwriting typically runs longer than conforming — budget 30-45 days. Complex income files can push that further.

Question 6

Do jumbo loans require mortgage insurance?

Accepted Answer

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

Jumbo Loans in Larkspur, Marin County