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Folsom has one of Sacramento County's strongest luxury markets. Homes in Empire Ranch, Broadstone, and the lake communities routinely push past conforming limits.
A jumbo loan covers anything above the FHFA conforming limit. In Sacramento County, that threshold matters the moment you're buying in Folsom's upper price tiers.
700 (720+ preferred)
Min Credit Score
10–20%
Typical Down Payment
12 months post-close
Cash Reserves Required
Fixed or ARM
Rate Type Options
30–45 days
Avg Close Time
Jumbo Loans in Folsom
Jumbo lenders set the bar higher than conventional loans. Expect a minimum 700 credit score — many lenders want 720 or above.
Debt-to-income ratio caps are tighter too. Most jumbo programs max out at 43%, and lenders want 12 months of reserves in the bank after closing.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Folsom.
Folsom has one of Sacramento County's strongest luxury markets. Homes in Empire Ranch, Broadstone, and the lake communities routinely push past conforming limits.
A jumbo loan covers anything above the FHFA conforming limit. In Sacramento County, that threshold matters the moment you're buying in Folsom's upper price tiers.
Jumbo lenders set the bar higher than conventional loans. Expect a minimum 700 credit score — many lenders want 720 or above.
Jumbo loans don't trade on the secondary market the same way conforming loans do. Each lender prices and underwrites them differently.
We work with 200+ wholesale lenders at SRK CAPITAL. On jumbo deals, that access makes a real difference — rate spreads between lenders can be wide.
Folsom buyers often underestimate how strict jumbo appraisals are. The appraiser needs solid comps — harder to find on unique or high-end properties.
If your credit score is 699, fix that before applying. One point can cost you the loan entirely with some jumbo lenders.
If your purchase price is close to the conforming limit, sometimes restructuring with a conforming first and second loan beats a full jumbo.
ARMs are popular on jumbo loans in Folsom. A 7/1 or 10/1 ARM can drop your rate meaningfully if you don't plan to hold the loan 30 years.
Folsom's master-planned communities produce cleaner comps than rural Sacramento County. That helps jumbo appraisals — fewer fights over value.
Mello-Roos and HOA fees are common in Folsom's newer developments. Lenders count those toward your DTI, so factor them in before you apply.
Anything above the FHFA conforming limit requires jumbo financing. Check current limits before assuming your loan size — they adjust annually.
Most jumbo lenders want 10-20% down. Some allow 10% with strong credit, but 20% eliminates mortgage insurance requirements entirely.
Yes, but documentation requirements are strict. Expect two years of tax returns and possibly a CPA letter verifying your income.
Not always. Jumbo rates have historically run close to conforming. Rates vary by borrower profile and market conditions.
Plan for 30-45 days. Jumbo underwriting is more intensive, and appraisals on higher-value properties take longer to complete.
Yes. Lenders add HOA and Mello-Roos fees to your monthly obligations. High fees reduce how much loan you qualify for.