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Beaumont sits in Riverside County, where the median household income of $89,672 supports homes in the $1.3M+ range. The Stagecoach Festival in nearby Indio this April draws music fans and signals regional growth.
At 5.875% interest, a $1,100,000 jumbo loan carries a $6,507 monthly payment for principal and interest. That's the rate for a 740 FICO, 20% down, 30-year fixed on a primary residence.
5.875%
Interest Rate
$6,507
Monthly P&I
740
Minimum FICO
20% ($275,000)
Down Payment
$1,100,000
Loan Amount
30–45 days
Approval Timeline
Jumbo Loans in Beaumont
Jumbo loans require 740+ FICO and typically 20% down minimum. Lenders want to see 6–12 months of reserves in liquid assets after closing. Income verification is standard; debt-to-income ratios usually cap at 43%.
Riverside County's median household income of $89,672 stretches to support a $1,375,000 purchase with 20% down. Self-employed borrowers and those with complex income need stronger documentation.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Beaumont.
Beaumont sits in Riverside County, where the median household income of $89,672 supports homes in the $1.3M+ range. The Stagecoach Festival in nearby Indio this April draws music fans and signals regional growth.
At 5.875% interest, a $1,100,000 jumbo loan carries a $6,507 monthly payment for principal and interest. That's the rate for a 740 FICO, 20% down, 30-year fixed on a primary residence.
Jumbo loans require 740+ FICO and typically 20% down minimum. Lenders want to see 6–12 months of reserves in liquid assets after closing. Income verification is standard; debt-to-income ratios usually cap at 43%.
Jumbo lenders in California are fewer than conventional shops and typically require longer underwriting timelines. Broker networks often have better jumbo pricing than retail banks because they shop multiple jumbo investors.
Loan approval takes 30–45 days for jumbo versus 21 days for conforming. Appraisals are stricter and second appraisals are common above $1,200,000. Rates on jumbo run 0.25–0.5% higher than conforming due to portfolio risk.
Jumbo makes sense in Beaumont when you're buying above $832,750 and have strong reserves. The 2026 conforming limit is $832,750, so anything above that requires jumbo pricing.
Below $832,750, conventional is cheaper and faster. Above it, jumbo is your only path — the rate premium is real but unavoidable. Lock in 30 days; don't wait for rates to move.
Conventional loans top out at the 2026 conforming limit of $832,750. Jumbo picks up where conventional ends, with tighter underwriting but access to homes above that cap.
FHA maxes out at $690,000 in Riverside County. Jumbo serves the $832,750–$2M+ range where FHA and conventional can't go. The rate premium reflects the larger loan size and portfolio risk.
Stagecoach Festival in Indio this April is a major regional draw, signaling the Coachella Valley's appeal to buyers seeking lifestyle and investment. Beaumont's proximity to these events adds lifestyle value without the Coachella Valley price tag.
Temecula Valley USD schools earned high honors recognition in 2026, reflecting strong education investment across the county. Families buying $1.3M+ homes often prioritize school districts and long-term community stability.
At 5.875% APR on a $1,100,000 loan, 30-year fixed, 740 FICO, primary residence, the P&I payment is $6,507 monthly. That's before taxes, insurance, and HOA fees.
Yes — 20% down is the standard minimum for jumbo. That's $275,000 on a $1,375,000 purchase. Some lenders go to 15% down with stronger reserves and credit.
Jumbo approval typically takes 30–45 days versus 21 days for conforming. Appraisals are stricter and second appraisals are common above $1,200,000.
Jumbo rates run 0.25–0.5% above conforming because the loan size carries more portfolio risk for the lender. The premium is structural and applies across California.
Most jumbo lenders require 740+ FICO. A 700 FICO is below the typical floor and would require compensating factors like 25%+ down or 12+ months reserves.