Loading
Loading
San Anselmo sits in one of California's most expensive counties. Most homes here price well above the conforming loan limit.
That limit — the maximum a standard Fannie Mae or Freddie Mac loan will cover — gets exceeded on the majority of Marin purchases. Jumbo financing is the norm, not the exception.
700+
Min Credit Score
10–20%
Down Payment
6–12 months
Reserves Required
30–45 days
Typical Close Time
Fixed or ARM
Rate Type
Jumbo Loans in San Anselmo
Jumbo lenders set their own rules. Most want a 700+ credit score, though some go higher — 720 or 740 for the best rates.
Expect to document everything. Two years of tax returns, W-2s or 1099s, and 12 months of asset statements are standard. Reserves matter too — many lenders want 12 months of mortgage payments sitting in the bank.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in San Anselmo.
San Anselmo sits in one of California's most expensive counties. Most homes here price well above the conforming loan limit.
That limit — the maximum a standard Fannie Mae or Freddie Mac loan will cover — gets exceeded on the majority of Marin purchases. Jumbo financing is the norm, not the exception.
Jumbo lenders set their own rules. Most want a 700+ credit score, though some go higher — 720 or 740 for the best rates.
Jumbo loans don't trade on the open market like conforming loans do. Each lender holds them in portfolio — which means pricing and guidelines vary widely.
We work with 200+ wholesale lenders. On a jumbo purchase in San Anselmo, that access matters. One lender might price you a full rate tier lower than another on the same file.
Self-employed buyers in Marin run into trouble with jumbo underwriting more than any other borrower type. Your write-offs hurt you here. Lenders use taxable income — not gross revenue.
If your tax returns show low net income, ask about bank statement jumbo programs. Some lenders qualify you on 12-24 months of deposits instead. It's a different product with a different rate, but it works.
If your loan amount falls near the conforming limit, a conventional loan could save you money. Conforming rates are typically lower, and guidelines are more flexible.
An ARM can also make sense on a jumbo. A 5/1 or 7/1 ARM starts lower than a 30-year fixed. If you plan to sell or refinance within that window, you pay less interest overall.
San Anselmo's charm — the walkable downtown, the tree-lined streets, the access to open space — drives strong demand and steady appreciation. Lenders know this market holds value.
Appraisals can still be a friction point. Jumbo lenders sometimes order two appraisals on larger loans. Unique or custom homes with few comps are harder to value, which can slow the process.
Most jumbo lenders want 10-20% down. Some go to 10% with strong credit and reserves, but 20% avoids mortgage insurance entirely.
Yes, but standard jumbo loans use tax return income. If your net income looks low on paper, a bank statement program may be the better path.
Usually yes. Underwriting is more manual and reserves take time to verify. Budget 30-45 days and have documents ready upfront.
Not always — at times jumbo rates run close to or below conforming. It depends on the lender and your borrower profile. Rates vary by borrower profile and market conditions.
Most want 6-12 months of mortgage payments in liquid assets after closing. Some high-balance programs require more.
Some lenders allow it, but many require that at least part of the down payment comes from your own funds. Ask before counting on gifts.