Question 1

What is the conforming loan limit in Merced County?

Accepted Answer

The FHFA sets conforming limits annually. Merced County follows the standard national baseline — confirm the current year's number with us before you shop.

Question 2

Do jumbo loans always have higher rates than conventional?

Accepted Answer

Not always, but often — especially when credit markets tighten. Rates vary by borrower profile and market conditions.

Question 3

Can I use a conventional loan for investment property in Dos Palos?

Accepted Answer

Yes. Conventional loans work for primary homes, second homes, and investment properties. Expect a higher rate and larger down payment for non-primary use.

Question 4

How much do I need in reserves for a jumbo loan?

Accepted Answer

Most jumbo lenders want 12 months of payments sitting in verified accounts. Some require more depending on loan size.

Question 5

What credit score do I need for a jumbo loan?

Accepted Answer

Plan for 700 or higher. Some lenders push that to 720 on larger loan amounts. Conventional is more forgiving, starting at 620.

Question 6

Is jumbo loan approval harder to get than conventional?

Accepted Answer

Yes — more documentation, stricter debt-to-income limits, and deeper asset verification. We work with 200+ wholesale lenders to find the most flexible jumbo options available.

Conventional vs Jumbo Loans in Dos Palos, CA