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in Roseville, CA
Roseville's housing market spans everything from established suburban homes to luxury estates in West Roseville and Fiddyment Ranch. That price range means you'll likely choose between a conventional loan and a jumbo loan.
The split happens at $806,500 in Placer County — the 2025 conforming loan limit. Above that threshold, you need jumbo financing with different requirements and pricing.
Conventional loans follow Fannie Mae and Freddie Mac guidelines. You can borrow up to $806,500 with as little as 3% down if you're a first-time buyer, or 5% down for repeat buyers.
Credit scores start at 620, though you'll get better rates at 740+. You'll pay PMI with less than 20% down, but it drops off once you hit 20% equity.
These loans work well for move-up buyers in established Roseville neighborhoods like Diamond Oaks or Sun City. Appraisals move faster and underwriting follows standardized rules.
Jumbo loans finance homes above $806,500 — common in West Roseville, Sierra Vista, and custom builds in Fiddyment Ranch. These aren't government-backed, so lenders set their own rules.
Expect stricter requirements: 10-20% down, 700+ credit scores, and 6-12 months of reserves. The upside? No PMI regardless of down payment, and you can finance properties worth several million.
Rates run close to conventional pricing now — sometimes even lower — because portfolio lenders compete hard for qualified jumbo borrowers.
The loan limit is the obvious split, but requirements diverge beyond price. Conventional loans allow higher debt ratios (up to 50% DTI) while jumbo lenders typically cap at 43-45%.
Documentation gets pickier with jumbo loans. Expect full income verification even if you're self-employed, plus asset statements covering 6-12 months of payments. Conventional loans offer more flexibility for non-traditional income.
Credit score thresholds matter more on jumbo loans. A 680 score might work on a conventional loan with higher pricing. On a jumbo loan, most lenders want 700+ or you'll face steep rate adjustments.
If your Roseville home costs under $806,500, conventional wins on flexibility and lower barriers to entry. You'll get approved faster with less cash in reserves and more forgiving credit standards.
Above that limit, you're in jumbo territory whether you want to be or not. The good news: if you have strong credit and solid reserves, jumbo rates compete with conventional pricing and you skip PMI entirely.
Some borrowers split the difference with an 80-10-10 structure — an $806,500 conventional first, a second mortgage, and 10% down. That works if you want to avoid jumbo underwriting but can't put 20% down on a $900,000 home.
Placer County's conforming limit is $806,500. Anything above that requires jumbo financing with different underwriting standards.
Not always. Jumbo rates now compete closely with conventional, sometimes lower, because lenders want high-quality borrowers with strong credit.
On conventional loans, no — you'll pay PMI until 20% equity. Jumbo loans never require PMI but demand larger down payments upfront.
Most jumbo lenders want 6-12 months of mortgage payments in liquid reserves. Conventional loans require less, often 2-6 months.
Conventional loans offer more flexibility with income documentation. Jumbo lenders scrutinize self-employment income more carefully, requiring full tax returns.