Question 1

What is the jumbo loan threshold in Monterey County?

Accepted Answer

Jumbo loans begin above the FHFA conforming limit for Monterey County. That limit adjusts annually, so confirm the current figure before you shop.

Question 2

Do I need 20% down for a jumbo loan in Seaside?

Accepted Answer

Not always. Some lenders go as low as 10% down on jumbo loans. Stronger credit and reserves can get you there.

Question 3

Are jumbo rates higher than conventional rates?

Accepted Answer

Not necessarily. Jumbo rates fluctuate independently. Rates vary by borrower profile and market conditions.

Question 4

Can self-employed buyers get a jumbo loan in Seaside?

Accepted Answer

Yes, but documentation requirements are strict. Some lenders accept 12–24 months of bank statements in place of tax returns.

Question 5

How many months of reserves do jumbo lenders require?

Accepted Answer

Most jumbo lenders want 6–12 months of liquid reserves after closing. Higher loan amounts often push that requirement higher.

Question 6

Is a jumbo loan harder to get than a conventional loan?

Accepted Answer

Yes. Credit, income, and asset requirements are stricter. The right wholesale lender makes a meaningful difference in approval.

Jumbo Loans in Seaside, CA — Finance Beyond Conforming Limits