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Lincoln has grown fast. Placer County's newer master-planned communities have pushed home prices well above what conventional limits cover.
When a purchase price exceeds the FHFA conforming loan limit, you need a jumbo loan. That means different rules, different lenders, and stricter underwriting.
700+ typical
Min Credit Score
10–20% min
Down Payment
12 months post-close
Cash Reserves
30–45 days
Typical Close Time
Jumbo Loans in Lincoln
Most jumbo lenders want a 700+ credit score. Some go to 680, but expect a higher rate and more scrutiny on reserves.
You'll typically need 12 months of cash reserves after closing. Down payments usually start at 10%, but 20% gets you the best pricing.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Lincoln.
Lincoln has grown fast. Placer County's newer master-planned communities have pushed home prices well above what conventional limits cover.
When a purchase price exceeds the FHFA conforming loan limit, you need a jumbo loan. That means different rules, different lenders, and stricter underwriting.
Most jumbo lenders want a 700+ credit score. Some go to 680, but expect a higher rate and more scrutiny on reserves.
Jumbo loans aren't sold to Fannie Mae or Freddie Mac. Each lender holds them in portfolio, so guidelines vary widely across lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. That matters more on jumbo than almost any other loan type — pricing differences are significant.
The biggest jumbo mistake I see: borrowers going direct to their bank and accepting the first quote. Banks have one jumbo product. We have dozens.
Self-employed buyers in Lincoln need extra prep. Two years of tax returns and a strong CPA letter can make or break a jumbo approval.
If you're just over the conforming limit, a piggyback loan — one conforming first plus a second — can sometimes beat jumbo pricing.
ARMs are popular on jumbo too. A 7/1 ARM can drop your rate meaningfully if you don't plan to hold the loan 10+ years. Rates vary by borrower profile and market conditions.
Lincoln's newer communities — think large lots and custom builds — regularly produce sale prices that trigger jumbo thresholds in Placer County.
Placer County is not a high-cost county under FHFA rules, so the baseline conforming limit applies. Know that number before you make an offer.
Placer County uses the FHFA baseline limit, not a high-cost adjustment. Anything above that threshold requires a jumbo loan.
Yes, some lenders allow 10% down on jumbo loans. Expect stricter reserve requirements and a higher rate compared to 20% down.
Usually yes — 30 to 45 days is typical. Underwriting is more manual and lenders scrutinize every layer of the file.
Not always. Jumbo rates have come close to or matched conventional rates in some markets. Rates vary by borrower profile and market conditions.
Yes, but the documentation bar is higher. Two years of returns, strong income trending up, and solid reserves all help approval odds.
Jumbo lenders set their own maximums — some go to $3M or more. It depends on the lender, your income, and your down payment.