Question 1

What counts as reserves for jumbo loans in Hollister?

Accepted Answer

Lenders count checking, savings, and investment accounts after closing costs. Most require 6-12 months of your full housing payment—principal, interest, taxes, insurance, and HOA if applicable.

Question 2

Can I use a jumbo loan for a Hollister investment property?

Accepted Answer

Yes, but expect 25-30% down and higher rates. Investment property jumbo loans require 12+ months reserves and lower debt-to-income ratios than primary residence financing.

Question 3

How do jumbo rates compare to conforming rates?

Accepted Answer

Jumbo rates often match or beat conforming rates for borrowers with 740+ credit and 20%+ down. Rates vary by borrower profile and market conditions as of February 2026.

Question 4

Do all San Benito County properties need jumbo loans?

Accepted Answer

No. Many Hollister homes fall below the $806,500 conforming limit. Properties priced higher require jumbo financing to cover the full purchase amount.

Question 5

What if my credit score is below 700?

Accepted Answer

Some portfolio lenders approve jumbo loans at 680 credit with larger down payments and higher reserves. Expect rate adjustments and stricter underwriting below 700.

Jumbo Loans in Hollister: Finance Property Above Conforming Limits