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Apple Valley sits in San Bernardino County where the median household income is $82,184. A $1.375M home purchase with 20% down runs $6,507 monthly at 5.875%. That's the jumbo threshold — above the $832,750 conforming limit.
Jumbo loans here require tighter underwriting than conventional mortgages. Lenders want 740+ FICO, 20% down minimum, and proof of reserves. The tradeoff is access to the $1M+ market where Apple Valley's newer developments sit.
5.875%
Interest rate
$6,507
Monthly P&I
$1,100,000
Loan amount
740
FICO minimum
20% ($275K)
Down payment
Jumbo Loans in Apple Valley
Jumbo loans in Apple Valley start at 740 FICO and require 20% down on the purchase price. On a $1.375M home, that's $275,000 down and a $1.1M loan. Lenders also want 6-12 months of reserves in liquid assets after closing.
San Bernardino County's median household income of $82,184 doesn't stretch to $1.375M purchases without significant savings. Most jumbo buyers here have household income well above $200K or substantial equity from a prior sale.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Apple Valley.
Apple Valley sits in San Bernardino County where the median household income is $82,184. A $1.375M home purchase with 20% down runs $6,507 monthly at 5.875%. That's the jumbo threshold — above the $832,750 conforming limit.
Jumbo loans here require tighter underwriting than conventional mortgages. Lenders want 740+ FICO, 20% down minimum, and proof of reserves. The tradeoff is access to the $1M+ market where Apple Valley's newer developments sit.
Jumbo loans in Apple Valley start at 740 FICO and require 20% down on the purchase price. On a $1.375M home, that's $275,000 down and a $1.1M loan. Lenders also want 6-12 months of reserves in liquid assets after closing.
Jumbo lending in California tightened after 2008 but remains available through portfolio lenders and correspondent banks. Rates run 0.25-0.5% higher than conforming mortgages because the loans don't sell to Fannie Mae or Freddie Mac.
Most jumbo lenders require appraisals, full employment verification, and tax returns for the last two years. Brokers can shop multiple jumbo programs to find the best rate and terms. Retail banks often have stricter overlays than correspondent lenders.
Jumbo mortgages make sense in Apple Valley when you're buying $1.1M+ and have 20% down and strong reserves. At 5.875%, the monthly payment stays manageable for buyers with $200K+ household income. Below that income level, the debt-to-income math gets tight.
The real win is speed and certainty. Jumbo underwriting is slower than conventional, but once approved, the loan closes predictably. If you're buying a $1.375M home and have the down payment, jumbo beats waiting for a conforming refinance later.
Conventional mortgages max out at $832,750 in San Bernardino County. Above that, you need a jumbo loan. The jumbo rate runs higher but there's no PMI at 20% down, and the loan closes in 45-60 days instead of 30.
If you're buying a $1.375M home, a conventional loan won't work. Jumbo is the only path. The tradeoff is tighter underwriting and higher rates, but you get access to the market and no mortgage insurance.
Apple Valley's newer subdivisions and custom builds sit in the $1.2M-$1.8M range. These homes attract buyers from Los Angeles and Orange County who've sold prior properties.
Schools and commute times matter to jumbo buyers relocating to Apple Valley. The area offers newer homes with modern amenities that justify the $1.375M+ price point. Jumbo financing makes those purchases possible for qualified buyers.
At 5.875% on a $1.1M loan, principal and interest run $6,507 monthly. That's based on a $1.375M purchase with $275K down (20%), 740 FICO, 30-day lock, primary residence. Taxes and insurance add $800-$1,200 depending on the property.
Yes. Most jumbo lenders require 20% down minimum. On a $1.375M home, that's $275,000. Some portfolio lenders go to 15% down, but rates jump and reserves requirements increase. 20% down is the standard.
740 FICO minimum. Most jumbo lenders won't touch anything below 740. If you're at 700-739, you'll need to wait or find a portfolio lender with looser overlays. Higher scores (760+) get better rates.
45-60 days from application to closing. Jumbo underwriting is slower than conventional because lenders do more manual review. Full employment verification, tax returns, and appraisals take time. Plan for the longer timeline.
No. At 20% down (80% LTV), there's no PMI on a jumbo loan. That's one advantage over conventional mortgages in the same price range. You avoid mortgage insurance entirely.