Question 1

What is the conforming loan limit in Napa County?

Accepted Answer

The FHFA sets conforming limits annually. In 2026, the limit for Napa County is $806,500 for a single-family home.

Question 2

Do jumbo loans require a higher credit score?

Accepted Answer

Most jumbo lenders want 700 or above. Conventional loans can go as low as 620 with the right profile.

Question 3

Are jumbo loan rates higher than conventional rates?

Accepted Answer

Not always, but they often are. Jumbo pricing varies by lender — that's why shopping multiple lenders matters. Rates vary by borrower profile and market conditions.

Question 4

Can I put less than 20% down on a jumbo loan?

Accepted Answer

Some lenders allow 10% down on jumbos, but expect stricter reserves and credit requirements. Most prefer 20% to reduce their risk.

Question 5

Do conventional loans have mortgage insurance?

Accepted Answer

Yes, if you put down less than 20%. PMI drops off once you reach 20% equity. Jumbo loans typically don't require PMI.

Question 6

Which loan closes faster in American Canyon?

Accepted Answer

Conventional loans generally close faster due to standardized guidelines. Jumbo loans involve more manual underwriting, which adds time.

Conventional vs Jumbo Loans in American Canyon, CA