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in Truckee, CA
Truckee is not a median-price market. Properties here routinely push past conforming loan limits, which makes the conventional vs jumbo decision very real.
Knowing which loan fits your purchase price saves time and money. The wrong choice can cost you in rate, reserves, or approval.
Conventional loans follow FHFA conforming limits. In Nevada County for 2026, that cap applies to the loan amount — not the purchase price.
These loans offer competitive rates and flexible terms for qualified W-2 borrowers. Down payments start at 3% with strong credit.
Jumbo loans cover amounts above the conforming limit. In Truckee's luxury segment, most lakefront and ski-in properties land here.
Expect tighter requirements. Lenders typically want 720+ credit, 12 months of reserves, and full income documentation.
Local decision guide
Use this comparison to weigh Conventional Loans and Jumbo Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Truckee.
Truckee is not a median-price market. Properties here routinely push past conforming loan limits, which makes the conventional vs jumbo decision very real.
Knowing which loan fits your purchase price saves time and money. The wrong choice can cost you in rate, reserves, or approval.
Conventional loans follow FHFA conforming limits. In Nevada County for 2026, that cap applies to the loan amount — not the purchase price.
The biggest split is loan size. Once your loan amount clears the conforming cap, you are in jumbo territory — no exceptions.
HousingWire flagged the 30-year fixed hitting 6.57% recently, with applications dropping sharply. Jumbo rates move differently than conforming rates and can sometimes run lower for top-tier borrowers. Rates vary by borrower profile and market conditions.
If your loan amount stays under the conforming limit, conventional wins on simplicity and rate competition. More lenders means more options.
If you are buying a higher-end Truckee property, jumbo is the path. Just come prepared — strong credit, documented income, and solid reserves are non-negotiable.
Nevada County follows the standard FHFA conforming limit. Any loan amount above that threshold is considered jumbo.
Not always. Strong-credit borrowers sometimes get jumbo rates below conforming. Rates vary by borrower profile and market conditions.
Most jumbo lenders want 12 months of payments in reserves. Some require more for second homes or investment properties.
Yes, as long as the loan amount stays under the conforming cap. Second-home conventional loans require at least 10% down.
Most jumbo products do not include PMI. Lenders offset risk through higher credit and reserve requirements instead.
Conventional loans typically move faster. Jumbo approvals involve more underwriting scrutiny and can add time to closing.