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Gustine is a small agricultural city in Merced County. Home prices here sit well below most California metros.
Jumbo loans kick in above the FHFA conforming limit. In most of Merced County, that threshold is $832,750 as of 2026.
Above $832,750
Jumbo Threshold
700 (typical)
Min Credit Score
20% typical
Min Down Payment
12–24 months
Cash Reserves
Fixed or ARM
Rate Type
Jumbo Loans in Gustine
Jumbo loans have tighter standards than conventional loans. Most lenders want a 700+ credit score and 20% down.
Debt-to-income ratio matters a lot here. Lenders typically cap DTI at 43%, and some go lower for larger loan amounts.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Gustine.
Gustine is a small agricultural city in Merced County. Home prices here sit well below most California metros.
Jumbo loans kick in above the FHFA conforming limit. In most of Merced County, that threshold is $832,750 as of 2026.
Jumbo loans have tighter standards than conventional loans. Most lenders want a 700+ credit score and 20% down.
Not every lender offers jumbo products. Big retail banks often price them high — we shop across 200+ wholesale lenders.
Rates on jumbo loans vary more than conforming loans. Lender appetite changes fast, so timing your rate lock matters.
A jumbo loan on a Gustine property is rare — but not impossible. Farm properties, custom builds, or large estates can cross the limit.
Self-employed borrowers face extra scrutiny on jumbo files. Two years of tax returns and CPA letters are standard asks.
If your loan amount falls near the conforming limit, a conforming loan almost always wins on rate. Don't borrow jumbo if you don't have to.
ARMs are common on jumbo loans. A 7/1 or 10/1 ARM can reduce your rate if you don't plan to hold the loan long-term.
Gustine's market is rural and agricultural. Appraisers must pull comps from a wide radius, which adds uncertainty to jumbo appraisals.
Large land parcels can complicate jumbo approvals. Lenders often value the land separately, which affects your loan-to-value ratio.
The conforming limit in Merced County is $832,750 as of 2026. Any loan above that amount is jumbo.
They're uncommon here. Most Gustine purchases fall well under the jumbo threshold. Large estates or custom builds are the exception.
Most jumbo lenders want 700 or higher. Some programs allow 680, but expect tighter terms and higher rates.
Plan on 20%. Some lenders allow 10–15% down, but those programs come with stricter income and reserve requirements.
It depends on how the lender classifies the property. Many jumbo lenders limit acreage or exclude income-producing agricultural land.
If you plan to sell or refinance within 10 years, a 7/1 or 10/1 ARM often saves money. Rates vary by borrower profile and market conditions.