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Rancho Cordova sits in Sacramento County, where pockets of higher-value homes regularly push past conforming limits. Jumbo financing is the tool that gets those deals done.
The FHFA sets the conforming loan limit each year. Any purchase loan above that threshold is a jumbo — and it plays by completely different rules.
700–720 typical
Min Credit Score
Above FHFA limit
Loan Threshold
10–20% typical
Down Payment
6–12 months
Cash Reserves
Fixed or ARM
Rate Type
Jumbo Loans in Rancho Cordova
Most jumbo lenders want a credit score of 700 or higher. Some go up to 720 as their floor — this is not an FHA situation where 580 gets you in the door.
Expect to document everything. Two years of tax returns, 60 days of asset statements, and reserves covering 6-12 months of payments are standard asks.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Rancho Cordova.
Rancho Cordova sits in Sacramento County, where pockets of higher-value homes regularly push past conforming limits. Jumbo financing is the tool that gets those deals done.
The FHFA sets the conforming loan limit each year. Any purchase loan above that threshold is a jumbo — and it plays by completely different rules.
Most jumbo lenders want a credit score of 700 or higher. Some go up to 720 as their floor — this is not an FHA situation where 580 gets you in the door.
Jumbo loans don't go through Fannie Mae or Freddie Mac. Each lender sets its own guidelines — and those guidelines vary significantly across institutions.
That variation is exactly why shopping matters. One lender might cap at 80% LTV. Another goes to 85% with strong reserves. Rate differences can be substantial too.
Jumbo underwriting is manual. There's no automated approval system rubber-stamping your file. An underwriter reads every page and asks hard questions.
Self-employed borrowers face extra scrutiny on jumbos. If your write-offs are aggressive, your qualifying income drops — and lenders notice that fast.
Conforming loans carry agency backing and automated approvals. Jumbo loans don't — but they cover loan amounts that conforming simply can't touch.
ARMs are worth comparing on jumbos. A 7/1 ARM can carry a meaningfully lower rate than a 30-year fixed. On a large balance, that monthly difference adds up fast. Rates vary by borrower profile and market conditions.
Rancho Cordova has grown considerably. Executive housing near Sunrise and Folsom Boulevard corridors can push well past conforming limits.
Sacramento County isn't a high-cost designated area at the federal level. That means the standard conforming limit applies — not an elevated one. Know where your loan amount falls before you make an offer.
Any loan above the current FHFA conforming limit for Sacramento County is considered jumbo. Check the limit before assuming your loan is conforming.
Most jumbo lenders want at least 10-20% down. Some programs go to 89.99% LTV for very strong borrowers.
Yes, but it's harder. Lenders use your net income after deductions — aggressive write-offs can shrink your qualifying income significantly.
Not always. Jumbo rates fluctuate independently. They can run lower than conforming rates depending on market conditions. Rates vary by borrower profile and market conditions.
Most lenders require 6-12 months of mortgage payments in verified reserves. Some programs ask for more on larger loan amounts.
Yes. Brokers shop across dozens of jumbo lenders — your bank only offers its own products. More options almost always means a better outcome.