Question 1

What is the conforming loan limit in Napa County?

Accepted Answer

The 2026 conforming limit is $806,500 for Napa County. Any loan above that amount requires jumbo financing with different qualification standards.

Question 2

Do jumbo loans always have higher rates?

Accepted Answer

Jumbo rates typically run 0.125-0.50% above conventional rates. The gap depends on your credit profile and current market conditions. Rates vary by borrower profile and market conditions.

Question 3

Can I get a jumbo loan with 10% down?

Accepted Answer

Some lenders offer 10% down jumbo programs for strong borrowers. Most require 15-20% down, especially on loans above $1.5 million.

Question 4

How much in reserves do jumbo lenders require?

Accepted Answer

Most jumbo lenders want 6-12 months of mortgage payments in reserves after closing. Higher loan amounts often require more reserves.

Question 5

Does PMI apply to jumbo loans?

Accepted Answer

PMI doesn't exist on jumbo loans. Instead, you pay higher rates when putting down less than 20%. Some lenders offer piggyback second mortgages to avoid this.

Conventional vs Jumbo Loans in Yountville: Which Fits Your Napa Valley Purchase?