Question 1

What is the conforming loan limit in San Benito County?

Accepted Answer

The FHFA sets conforming limits annually. Any loan above that limit in San Benito County requires a jumbo product.

Question 2

Do jumbo loans always have higher rates than conventional?

Accepted Answer

Generally yes. Lenders hold jumbo loans on their own books, so they price in more risk. Rates vary by borrower profile and market conditions.

Question 3

Can I put less than 20% down on a jumbo loan?

Accepted Answer

Some lenders allow 10% down on jumbo loans. Most still want strong credit and full reserves to offset the lower down payment.

Question 4

Is PMI required on conventional loans with less than 20% down?

Accepted Answer

Yes. Private mortgage insurance applies until you reach 20% equity. It cancels automatically at 22% under federal law.

Question 5

Which loan is harder to qualify for?

Accepted Answer

Jumbo loans are stricter across the board. Higher credit minimums, more reserves, and tighter debt-to-income ratios are standard.

Question 6

Can SRK CAPITAL shop jumbo loans across multiple lenders?

Accepted Answer

Yes. We access 200+ wholesale lenders, including portfolio lenders who hold jumbo paper. That gives us real rate competition for your loan.

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