Question 1

What is the jumbo loan limit in Merced County?

Accepted Answer

The conforming limit in Merced County is $806,500 as of 2026. Any loan above that amount is jumbo.

Question 2

Are jumbo loans common in Gustine?

Accepted Answer

They're uncommon here. Most Gustine purchases fall well under the jumbo threshold. Large estates or custom builds are the exception.

Question 3

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 700 or higher. Some programs allow 680, but expect tighter terms and higher rates.

Question 4

How much do I need to put down on a jumbo loan?

Accepted Answer

Plan on 20%. Some lenders allow 10–15% down, but those programs come with stricter income and reserve requirements.

Question 5

Can a farm property in Gustine qualify for a jumbo loan?

Accepted Answer

It depends on how the lender classifies the property. Many jumbo lenders limit acreage or exclude income-producing agricultural land.

Question 6

Should I choose a fixed or ARM rate on a jumbo loan?

Accepted Answer

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.

Jumbo Loans in Gustine, CA — What You Need to Know