Question 1

Do most Needles home purchases require a jumbo loan?

Accepted Answer

No. Needles is a low-priced market. Most purchases here fall well below the conforming loan limit.

Question 2

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require at least 700. Many prefer 720 or higher, especially on larger loan amounts.

Question 3

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

Accepted Answer

Expect at least 10-20% down. Some lenders require more depending on loan size and property type.

Question 4

Why are jumbo rates different from conforming rates?

Accepted Answer

Jumbo loans aren't backed by Fannie or Freddie. Lenders carry the risk, so they price it differently. Rates vary by borrower profile and market conditions.

Question 5

Can SRK CAPITAL find jumbo lenders for a Needles property?

Accepted Answer

Yes. SRK CAPITAL has access to 200+ wholesale lenders. We find the options that work for your specific file.

Jumbo Loans in Needles, CA — What You Need to Know