Question 1

What is the jumbo loan limit in Placer County?

Accepted Answer

Placer County follows the national FHFA conforming limit. Any loan above that threshold is jumbo. Verify the current limit with us — it adjusts annually.

Question 2

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

Accepted Answer

Some lenders allow 10% down on jumbo. You'll pay a higher rate and need very strong credit — typically 720 or above.

Question 3

Do jumbo loans take longer to close?

Accepted Answer

Yes, typically 30-45 days. Underwriting is more manual and thorough. Have all documents ready before you go under contract.

Question 4

Are jumbo rates higher than conforming rates?

Accepted Answer

Usually yes, though the gap varies. Rates vary by borrower profile and market conditions. Strong credit and reserves narrow that spread significantly.

Question 5

Can self-employed buyers get jumbo loans in Roseville?

Accepted Answer

Yes, but you need two years of filed tax returns and strong net income. Lenders use adjusted gross income — write-offs work against you here.

Question 6

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

Accepted Answer

Most jumbo lenders require 12 months of mortgage payments in liquid reserves after closing. Some high-balance loans require more.

Jumbo Loans in Roseville, CA — Financing Above the Conforming Limit