Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

The FHFA sets the baseline limit annually. Any purchase loan above that amount in San Bernardino County requires jumbo financing.

Question 2

Can I get a jumbo loan with less than 20% down?

Accepted Answer

Some lenders allow 10% down on jumbo, but you'll need strong credit and substantial reserves. Most lenders prefer 20% to avoid PMI complications.

Question 3

How much cash do I need in reserves for a jumbo loan in Montclair?

Accepted Answer

Plan for 6 to 12 months of principal, interest, taxes, and insurance. Some lenders require more for loan amounts over $2 million.

Question 4

Are jumbo rates higher than conforming rates right now?

Accepted Answer

Jumbo rates often run close to conforming, but the spread shifts with market conditions. Rates vary by borrower profile and market conditions.

Question 5

Does being self-employed make jumbo approval harder?

Accepted Answer

Yes. Jumbo lenders scrutinize self-employment income heavily. Two years of returns and a clean P&L are required at most lenders.

Question 6

Can SRK CAPITAL shop jumbo rates across multiple lenders?

Accepted Answer

Yes. We have access to 200+ wholesale lenders, including several with competitive jumbo programs. We match your profile to the best fit.

Jumbo Loans in Montclair, CA — Big Financing for High-Value Homes