Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

The FHFA sets conforming limits annually. Any loan above that limit in San Bernardino County is classified as jumbo.

Question 2

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

Accepted Answer

Some jumbo lenders allow 10% down. Expect tighter credit and reserve requirements the lower your down payment goes.

Question 3

Do jumbo loans have higher interest rates than conventional?

Accepted Answer

Not always. Jumbo rates fluctuate by lender. Rates vary by borrower profile and market conditions — shopping multiple lenders is critical.

Question 4

What credit score do I need for a conventional loan in Rialto?

Accepted Answer

Most conventional loans require a 620 minimum. Better rates kick in at 740 and above.

Question 5

How much cash reserves do jumbo lenders require?

Accepted Answer

Most jumbo lenders want 6 to 12 months of mortgage payments in liquid reserves after closing.

Question 6

Can self-employed borrowers qualify for jumbo loans?

Accepted Answer

Yes, but documentation requirements are heavier. Expect two years of tax returns and detailed income verification.

Conventional vs Jumbo Loans in Rialto, CA