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Redlands sits in the heart of San Bernardino County, where $1.3M homes are common but require jumbo financing. A $1.1M loan at 6.375% runs $6,863 monthly in principal and interest alone.
Jumbo loans demand tighter scrutiny than conventional mortgages. Lenders want 740+ FICO, 20% down minimum, and proof of reserves. The tradeoff: access to properties that conforming loans can't touch in this market.
6.375%
Interest Rate
$6,863
Monthly P&I
740
Minimum FICO
20% ($275K)
Down Payment
45–60 days
Close Timeline
Jumbo Loans in Redlands
Jumbo loans in Redlands start at 740 FICO and require 20% down. On a $1.375M purchase, that's $275,000 down and a $1.1M loan. San Bernardino County's median household income of $82,184 doesn't stretch to jumbo payments without substantial savings or dual...
Lenders want to see 6–12 months of reserves after closing. That means liquid assets covering half a year of your mortgage payment, taxes, and insurance. For a $1.375M home in Redlands, you're looking at $100K+ in reserves on top of your down payment.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Redlands.
Redlands sits in the heart of San Bernardino County, where $1.3M homes are common but require jumbo financing. A $1.1M loan at 6.375% runs $6,863 monthly in principal and interest alone.
Jumbo loans demand tighter scrutiny than conventional mortgages. Lenders want 740+ FICO, 20% down minimum, and proof of reserves. The tradeoff: access to properties that conforming loans can't touch in this market.
Jumbo loans in Redlands start at 740 FICO and require 20% down. On a $1.375M purchase, that's $275,000 down and a $1.1M loan. San Bernardino County's median household income of $82,184 doesn't stretch to jumbo payments without substantial savings or dual...
Jumbo lending in California is tighter than conforming. Retail banks and mortgage brokers both offer jumbo programs, but approval timelines run 45–60 days instead of 30.
Most jumbo lenders require a full appraisal and title insurance. Some impose overlays on top of agency guidelines—stricter debt-to-income caps or additional documentation for self-employed borrowers. Call ahead to confirm your specific situation qualifies.
Jumbo loans make sense in Redlands when you're buying $1.3M+ and have solid reserves. The 6.375% rate is competitive for the risk profile. Below $1.1M, conventional financing at the conforming limit ($832,750) saves you underwriting hassle.
The real win: jumbo lets you finance properties that conforming lenders won't touch. If you're set on a specific home above the limit and have 20% down plus reserves, jumbo is your only path forward.
Conventional loans max out at $832,750 in San Bernardino County. Jumbo loans start where conventional ends. If your Redlands home costs $1.375M, you have no choice—jumbo is the only financing option available.
The tradeoff is underwriting rigor. Jumbo lenders scrutinize reserves, employment, and assets more closely than conventional lenders. Closing takes longer. But you get access to the property you want.
Redlands is home to the University of Redlands, a 140-year-old liberal arts institution that anchors the community. Buyers financing $1.3M+ homes often value proximity to quality schools and cultural institutions.
The city's historic downtown and proximity to San Bernardino National Forest appeal to buyers seeking lifestyle alongside investment.
At 6.375% on a $1.1M loan, principal and interest runs $6,863 per month. Add property taxes, insurance, and HOA fees—expect $8,500–$9,200 total monthly. This assumes a $1.375M purchase with 20% down.
Yes. Jumbo lenders require 20% down minimum. On a $1.375M purchase, that's $275,000. Some lenders offer 15% down with higher rates and stricter reserves, but 20% is the standard floor.
Minimum 740 FICO. Most jumbo lenders won't approve below that. If you're at 700–739, you'll face higher rates or denial. Conventional loans accept 620+, so jumbo is stricter.
Typically 6–12 months of housing payment, taxes, and insurance combined. On a $1.375M home, that's $100,000–$150,000 liquid after closing. Lenders verify bank statements and investment accounts.
Plan for 45–60 days. Jumbo underwriting is deeper than conventional. Full appraisals, employment verification, and asset documentation take time. Conventional loans close in 30–40 days.