Question 1

What is the conforming loan limit in Merced County?

Accepted Answer

The 2025 FHFA conforming limit for Merced County is $806,500. Loans above that amount require jumbo financing.

Question 2

Do jumbo loans have higher rates than conventional?

Accepted Answer

Not always. Jumbo rates vary widely by lender and borrower profile. Rates vary by borrower profile and market conditions.

Question 3

Can I put less than 20% down on a jumbo loan?

Accepted Answer

Some lenders allow 10% down on jumbo loans. Most want strong credit and reserves before approving anything below 20%.

Question 4

Which loan type is easier to qualify for?

Accepted Answer

Conventional loans are more accessible. They accept lower credit scores and require less in cash reserves than most jumbo programs.

Question 5

Are most Atwater homes priced in jumbo territory?

Accepted Answer

No. Most Atwater properties fall well inside conforming limits. Jumbo loans are rarely needed here unless buying a larger rural property.

Question 6

How many reserve months do jumbo lenders require?

Accepted Answer

Most jumbo lenders want 6-12 months of mortgage payments in reserves. Conventional loans typically require far less.

Conventional vs Jumbo Loans in Atwater, CA