Question 1

What is the jumbo loan threshold in Riverside County?

Accepted Answer

The 2026 conforming limit is $832,750. Any loan above that is jumbo.

Question 2

What credit score do I need for a jumbo loan in Palm Desert?

Accepted Answer

Most jumbo lenders want 700 or higher. Some programs allow 680, but pricing gets worse.

Question 3

Can I use a jumbo loan to buy a vacation home in Palm Desert?

Accepted Answer

Yes, but second-home jumbos require more reserves. Expect lenders to ask for 12-18 months of payments in the bank.

Question 4

How much do I need to put down on a Palm Desert jumbo loan?

Accepted Answer

Most programs start at 10% down. To get the best rates, 20% is the real target.

Question 5

Are jumbo loan rates higher than conforming rates?

Accepted Answer

Often, yes — but not always. The gap narrows when you have strong credit and large reserves. Rates vary by borrower profile and market conditions.

Question 6

Can self-employed borrowers get a jumbo loan in Palm Desert?

Accepted Answer

Yes, but underwriting is thorough. You'll need two years of tax returns and strong documented income.

Jumbo Loans in Palm Desert, CA