Question 1

What is the minimum down payment for a jumbo loan in San Juan Capistrano?

Accepted Answer

Most jumbo lenders want 10–20% down. Properties over $2M often require 20% or more.

Question 2

Can I use a jumbo loan to buy an equestrian property in SJC?

Accepted Answer

Yes, but not all lenders will touch it. Equestrian and ag-zoned properties need lenders experienced with rural collateral.

Question 3

Are jumbo rates higher than conforming rates?

Accepted Answer

Generally yes. Jumbo loans carry a rate premium. Rates vary by borrower profile and market conditions.

Question 4

How much cash do I need in reserves for a jumbo loan?

Accepted Answer

Most lenders require 6–12 months of mortgage payments in reserves after closing. Higher loan amounts push that number up.

Question 5

Can I get a jumbo ARM instead of a fixed rate?

Accepted Answer

Yes. Jumbo ARMs — like 7/1 or 10/1 products — are common and often price better than 30-year fixed jumbo loans.

Question 6

What credit score do I need for a jumbo loan?

Accepted Answer

Most lenders start at 700. To get the best pricing, aim for 720 or higher.

Jumbo Loans in San Juan Capistrano, CA