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Mill Valley is one of the most expensive zip codes in Marin County. Most homes here blow past the conforming loan limit without blinking.
If you need to borrow above the FHFA conforming limit, a jumbo loan is your only conventional path. In Mill Valley, that describes the majority of purchase transactions.
700–720+
Min Credit Score
20%
Min Down Payment
12 months
Reserves Required
30–45 days
Avg Close Time
200+ wholesale
Lender Access
Jumbo Loans in Mill Valley
Jumbo lenders set stricter standards than conforming programs. Expect a minimum 700 credit score — many lenders want 720 or higher.
Most jumbo programs require at least 20% down. You also need 12 months of reserves, meaning cash left after closing.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Mill Valley.
Mill Valley is one of the most expensive zip codes in Marin County. Most homes here blow past the conforming loan limit without blinking.
If you need to borrow above the FHFA conforming limit, a jumbo loan is your only conventional path. In Mill Valley, that describes the majority of purchase transactions.
Jumbo lenders set stricter standards than conforming programs. Expect a minimum 700 credit score — many lenders want 720 or higher.
Jumbo loans don't get sold to Fannie Mae or Freddie Mac. Every lender sets their own rules — which means massive variation in rates, overlays, and qualifying criteria.
At SRK CAPITAL, we work with 200+ wholesale lenders. On a jumbo deal, that reach matters. One lender might cap at $2M. Another goes to $5M with no problem.
The biggest mistake I see on jumbo purchases: buyers go straight to their personal bank. Banks have one jumbo product. We have dozens.
Jumbo rates can swing 0.5% or more between lenders on the same file. Rates vary by borrower profile and market conditions. Shop hard — the savings are real in Mill Valley price ranges.
A conforming loan maxes out at the FHFA limit. For most Mill Valley buyers, that covers only a fraction of the purchase price.
ARMs and interest-only options exist within the jumbo space too. On a $2M loan, an interest-only period can cut monthly payments significantly — but understand the risk before you commit.
Mill Valley sits in a supply-constrained pocket of Marin. Homes move fast when priced right. Your financing needs to be bulletproof before you write an offer.
Appraisal is the other pressure point here. Jumbo lenders scrutinize appraisals harder than conforming programs. In a thin-comp market like Mill Valley, that can create friction.
Most jumbo lenders require 20% down. Some programs allow 10-15% down with strong credit and reserves.
Some lenders accept 700, but 720 or higher gets you better rates and more program options. Rates vary by borrower profile.
Loan limits depend on the lender. Some portfolio lenders we work with go to $5M or beyond on qualifying files.
Jumbo rates vary by lender and borrower profile. In some rate environments they run close to or below conforming rates.
Plan for 30-45 days. Jumbo underwriting is more intensive than conforming — don't let a seller assume you'll close in 21 days.
Most jumbo lenders require 12 months of reserves post-close. Some high-balance programs require even more.