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Jumbo Loans in San Diego
What's the monthly payment on a $1,104,000 jumbo loan at today's rate?
At 5.875% APR, the principal and interest payment is $6,531 per month. This assumes $1,380,000 purchase, $276,000 down, 740 FICO, 30-day lock.
01
San Diego's housing market remains active for properties above the conforming limit. At 5.875%, a $1,104,000 jumbo loan carries a $6,531 monthly payment for principal and interest alone.
County median household income of $102,285 supports homes in the $1,380,000 range for qualified buyers. Jumbo financing opens access to San Diego's most desirable neighborhoods.
5.875%
Interest Rate
$6,531
Monthly P&I
740
FICO Minimum
20%
Down Payment
6 months
Reserves Required
02
Jumbo loans require 740+ FICO and typically 20% down payment minimum. Lenders want to see strong reserves—usually six months of housing expenses in liquid assets after closing.
On a $1,380,000 purchase, that's $276,000 down and $1,104,000 financed. Debt-to-income ratio stays below 43%, and employment history must be stable and verifiable.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in San Diego.
San Diego's housing market remains active for properties above the conforming limit. At 5.875%, a $1,104,000 jumbo loan carries a $6,531 monthly payment for principal and interest alone.
County median household income of $102,285 supports homes in the $1,380,000 range for qualified buyers. Jumbo financing opens access to San Diego's most desirable neighborhoods.
Jumbo loans require 740+ FICO and typically 20% down payment minimum. Lenders want to see strong reserves—usually six months of housing expenses in liquid assets after closing.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
03
Jumbo lenders in California are selective. Retail banks and mortgage companies both offer jumbo products, but underwriting is tighter than conventional—expect 45 to 60 days to close.
Portfolio lenders and correspondent banks compete on rate and terms. Appraisals are ordered early, and employment verification is thorough. Loan-to-value limits top out at 80% for most programs.
04
Jumbo makes sense in San Diego when you're buying above $1,104,000 and have solid reserves. The 5.875% rate is competitive for the risk profile, and 20% down keeps you in a strong negotiating position.
Below $1,104,000, conventional financing costs less. Above $1,104,000, jumbo is your only path—and the tighter underwriting is worth it for the access to San Diego's premium neighborhoods.
05
Conventional loans max out at $1,104,000 in San Diego. Jumbo takes you higher but demands 20% down and stronger reserves—the tradeoff is access to the homes you want.
FHA goes up to $1,104,000 with 3.5% down, but carries lifetime mortgage insurance. Jumbo skips mortgage insurance entirely, making it cheaper long-term for buyers with the down payment saved.
06
San Diego County just completed its biggest year of low-income housing construction on record. That infrastructure investment signals long-term neighborhood stability for buyers in established areas.
The city is working through state transit-oriented housing requirements. For jumbo buyers in central neighborhoods, that means future density and walkability—factors that support resale value.
07
San Diego's jumbo market is active but selective. Lenders compete on rate and terms, but all require strong reserves and employment history verification.
Correspondent banks and portfolio lenders dominate jumbo lending in California. Retail banks offer jumbo products too, but approval timelines and overlays vary by institution.
FAQ
At 5.875% APR, the principal and interest payment is $6,531 per month. This assumes $1,380,000 purchase, $276,000 down, 740 FICO, 30-day lock.
Yes. Most jumbo lenders require 20% down minimum. Stronger reserves and employment history matter more than perfect credit.
Jumbo loans typically close in 45 to 60 days. Early appraisal ordering and thorough employment verification speed the process.
Jumbo lenders rarely approve below 740 FICO. Reserves and down payment become even more critical at lower credit scores.
Jumbo is the only option above $1,104,000. FHA maxes out at $1,104,000 and carries lifetime mortgage insurance; jumbo skips insurance entirely.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in San Diego County
Our team of licensed mortgage brokers works San Diego County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including San Diego County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
Side-by-side comparisons to help you choose the right mortgage program.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.