Question 1

What is the conforming loan limit in Marin County?

Accepted Answer

Marin County qualifies for high-balance conforming limits set by the FHFA. Anything above that threshold is a jumbo loan.

Question 2

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always. Jumbo rates are lender-specific and can be competitive for strong borrowers. Rates vary by borrower profile and market conditions.

Question 3

How much do I need down for a jumbo loan?

Accepted Answer

Most jumbo lenders require 20% down. Some programs allow less, but expect tighter credit and reserve requirements in exchange.

Question 4

Can I get a conventional loan for a luxury property in Tiburon?

Accepted Answer

Only if the loan amount stays within Marin County's conforming limit. Above that, you're in jumbo territory by definition.

Question 5

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 700 or above. Some go higher for larger loan amounts or lower down payments.

Question 6

How long does jumbo loan approval take compared to conventional?

Accepted Answer

Jumbo loans involve manual underwriting and take longer. Budget more time for document review and lender conditions.

Conventional vs. Jumbo Loans in Tiburon, CA