Question 1

What's the minimum down payment for a jumbo loan in San Benito County?

Accepted Answer

Most jumbo lenders require 10-20% down. Properties with acreage or agricultural use often require closer to 20%.

Question 2

Can I get a jumbo loan on a historic property in San Juan Bautista?

Accepted Answer

Some lenders will, but not all. Historic designation adds underwriting complexity — lender selection is critical on these deals.

Question 3

Do jumbo loans take longer to close than conforming loans?

Accepted Answer

Yes. Manual underwriting and complex appraisals add time. Budget 45-60 days minimum on rural jumbo purchases.

Question 4

Are jumbo rates always higher than conforming rates?

Accepted Answer

Not always, but typically yes. Rates vary by borrower profile and market conditions — strong credit can narrow the gap significantly.

Question 5

What income documentation do jumbo lenders require?

Accepted Answer

Expect two years of tax returns, recent pay stubs, and W-2s. Self-employed borrowers usually need 24 months of business returns as well.

Jumbo Loans in San Juan Bautista, CA