Question 1

What's the jumbo loan threshold in San Bernardino County?

Accepted Answer

Any loan above $806,500 is jumbo in San Bernardino County. Big Bear properties frequently exceed this.

Question 2

Can I use rental income to qualify for a jumbo loan in Big Bear?

Accepted Answer

Some lenders allow it, but most require a 2-year rental history on the property. Rules vary significantly by lender.

Question 3

Do jumbo loans work for vacation homes?

Accepted Answer

Yes, but expect a higher rate than a primary residence. Some lenders restrict vacation home jumbo loans entirely.

Question 4

How much down payment do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 10-20% down. At 10% down, expect stricter credit and reserve requirements.

Question 5

Why are Big Bear appraisals a concern on jumbo loans?

Accepted Answer

Jumbo loans aren't sold to Fannie Mae, so lenders are stricter about appraisals. Sparse comps in Big Bear increase low-appraisal risk.

Jumbo Loans in Big Bear Lake, CA