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Point Arena sits on the Mendocino Coast — one of California's most remote and desirable stretches of coastline. Coastal properties here routinely push past conforming loan limits.
Jumbo loans cover anything above the FHFA conforming limit. In Mendocino County, that threshold matters for serious coastal buyers.
700–740 typical
Min Credit Score
10–20%
Down Payment
12 months
Cash Reserves
2 years documented
Income History
Jumbo Loans in Point Arena
Jumbo lenders typically want a 700+ credit score. Some go higher — 720 or 740 — depending on loan size and down payment.
Expect to put down 10–20%. You'll also need 12 months of reserves. Lenders want proof you won't miss a payment if income dips.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Point Arena.
Point Arena sits on the Mendocino Coast — one of California's most remote and desirable stretches of coastline. Coastal properties here routinely push past conforming loan limits.
Jumbo loans cover anything above the FHFA conforming limit. In Mendocino County, that threshold matters for serious coastal buyers.
Jumbo lenders typically want a 700+ credit score. Some go higher — 720 or 740 — depending on loan size and down payment.
Most big banks offer jumbo products, but their guidelines are rigid. Wholesale lenders often have more flexible programs — especially for self-employed borrowers.
SRK CAPITAL works with 200+ wholesale lenders. That reach matters in a niche market like Point Arena, where cookie-cutter approvals fall short.
Coastal properties in remote areas get flagged for appraisal issues. Jumbo lenders are strict about collateral — your property has to pencil out.
Appraisers often struggle to find comps in Point Arena. Get a broker who knows how to prep a loan file for low-comp coastal markets.
If your purchase price is near the conforming limit, a conventional loan saves you money. Jumbo rates run higher and requirements are stricter.
ARMs can work well on jumbos — especially if you plan to sell or refinance within 7–10 years. Compare fixed vs. ARM carefully on large balances.
Point Arena is a small coastal community. Limited sales volume means fewer comps — and that creates real appraisal risk on jumbo files.
Vacation homes and second properties are common here. Jumbo guidelines for second homes differ from primary residence rules. Know the difference before you apply.
Anything above the FHFA conforming limit requires a jumbo loan. That limit adjusts annually — confirm the current threshold before you shop.
Yes, but second home jumbo guidelines are stricter. Expect higher reserves and a larger down payment than a primary residence.
Generally yes. Jumbo rates reflect greater lender risk. Rates vary by borrower profile and market conditions.
Possibly. Low sales volume means few comps. Work with a broker experienced in coastal Mendocino County to manage this risk.
Most jumbo lenders require two years of tax returns. Bank statement programs exist for self-employed borrowers who want alternatives.