Question 1

What is the minimum down payment for a jumbo loan in Tustin?

Accepted Answer

Most jumbo lenders require 10-20% down. At higher loan amounts, 20% is the common floor to avoid added conditions.

Question 2

Can I get a jumbo loan if I'm self-employed?

Accepted Answer

Yes, but lenders scrutinize two years of tax returns closely. High write-offs can reduce your qualifying income significantly.

Question 3

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. Rates vary by borrower profile and market conditions. On strong files, jumbo and conforming rates run close.

Question 4

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

Accepted Answer

Most lenders require 12 months of reserves. That means liquid assets covering 12 full monthly payments after closing.

Question 5

Is a jumbo loan the only option above the conforming limit?

Accepted Answer

No. A piggyback loan structure splits your financing into two loans. Sometimes that beats jumbo pricing — we model both.

Question 6

How long does jumbo loan approval take in Orange County?

Accepted Answer

Expect 21-30 days with a complete file. Complex income or asset situations can add time. Get pre-approved before you offer.

Jumbo Loans in Tustin, CA — Finance Beyond Conforming Limits