Question 1

What is the conforming loan limit in Mono County?

Accepted Answer

The FHFA sets conforming limits annually. Anything above that limit in Mono County requires a jumbo loan.

Question 2

Can I get a jumbo loan on a vacation property in Mammoth Lakes?

Accepted Answer

Yes, but second-home jumbo guidelines are stricter. Expect a higher down payment and more reserve requirements.

Question 3

Are jumbo rates higher than conventional rates right now?

Accepted Answer

Not always — the spread shifts. As of April 2026, rate conditions are volatile. Rates vary by borrower profile and market conditions.

Question 4

Do jumbo loans require private mortgage insurance?

Accepted Answer

Most jumbo products don't require PMI. Lenders manage risk through larger down payments and tighter credit standards instead.

Question 5

What credit score do I need for a jumbo loan in Mammoth Lakes?

Accepted Answer

Most jumbo lenders want 700 or higher. Some go up to 720 for better pricing, especially on second homes.

Conventional vs Jumbo Loans in Mammoth Lakes