Question 1

What is the 2025 conforming loan limit in Rocklin?

Accepted Answer

The conforming limit is $806,500 for single-family homes in Placer County. Any mortgage above that amount requires jumbo financing.

Question 2

Can I get a jumbo loan with 10% down in Rocklin?

Accepted Answer

Some lenders allow 10% down on jumbo loans with excellent credit and strong reserves. Most require 15-20% for competitive rates.

Question 3

Do jumbo loans have higher interest rates than conventional?

Accepted Answer

Not always. Rate differences depend on your credit score, down payment, and reserves. Strong borrowers often see minimal rate differences.

Question 4

Can I use a conventional loan for a second home in Rocklin?

Accepted Answer

Yes, conventional loans allow second homes and investment properties within conforming limits. Expect higher down payment requirements than primary residences.

Question 5

What credit score do I need for jumbo financing?

Accepted Answer

Most jumbo lenders require 700 minimum, with best pricing starting at 740. Below 700 rarely qualifies even with compensating factors.

Question 6

How much in reserves do jumbo lenders require?

Accepted Answer

Expect 6-12 months of mortgage payments in liquid reserves after closing. Higher loan amounts often require reserves on the upper end.

Conventional vs Jumbo Loans in Rocklin: Which Financing Fits Your Home Purchase?