Question 1

What is the conforming loan limit in San Bernardino County?

Accepted Answer

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

Question 2

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always. Jumbo rates move independently. Strong borrower profiles sometimes get competitive jumbo pricing. Rates vary by borrower profile and market conditions.

Question 3

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

Accepted Answer

Most jumbo lenders want 6-12 months of mortgage payments in liquid assets. Some high-balance jumbo loans require even more.

Question 4

Can I put 10% down on a jumbo loan in Upland?

Accepted Answer

Some lenders allow 10% down on jumbo loans, but expect higher rates and stricter credit requirements at that down payment level.

Question 5

Which loan is easier to qualify for?

Accepted Answer

Conventional loans follow standardized guidelines and are generally easier to qualify for. Jumbo approvals depend heavily on the individual lender's internal standards.

Question 6

Does SRK CAPITAL offer both loan types in Upland?

Accepted Answer

Yes. SRK CAPITAL works with 200+ wholesale lenders and shops both conventional and jumbo options to find the right fit for your purchase.

Conventional vs Jumbo Loans in Upland, CA