Question 1

What is the jumbo loan limit in Placer County?

Accepted Answer

Any loan exceeding the current FHFA conforming limit is considered jumbo. Check the FHFA site for the exact Placer County figure each year.

Question 2

Do jumbo rates run higher than conventional rates?

Accepted Answer

Usually yes, though the gap has narrowed. Rates vary by borrower profile and market conditions.

Question 3

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

Accepted Answer

Some lenders allow it at 90% LTV. Expect stricter credit and reserve requirements when putting less than 20% down.

Question 4

Are jumbo loans harder to get approved for?

Accepted Answer

Yes. Lenders underwrite more carefully without the GSE safety net. Strong credit, income, and assets are non-negotiable.

Question 5

Can self-employed borrowers get jumbo loans in Rocklin?

Accepted Answer

Yes. Some wholesale lenders accept bank statement programs for jumbo borrowers. Standard docs are still the easiest path.

Question 6

How long does a jumbo loan approval take?

Accepted Answer

Expect 30-45 days. Complex income or asset situations can push that longer — have your docs organized early.

Jumbo Loans in Rocklin, CA — Finance Above Conforming Limits