Question 1

What is the jumbo loan threshold in San Diego County?

Accepted Answer

Anything above the FHFA conforming limit requires a jumbo loan. San Diego's prices mean many buyers hit this limit quickly.

Question 2

Can I get a jumbo loan with 10% down in San Diego?

Accepted Answer

Some lenders allow it with a 720+ credit score and strong reserves. Expect closer scrutiny and a higher rate than 20% down.

Question 3

Do jumbo loans have higher interest rates?

Accepted Answer

Usually, yes — but the gap varies by lender. Rates vary by borrower profile and market conditions, so shopping matters here.

Question 4

How much in reserves do jumbo lenders require?

Accepted Answer

Most want 12 months of mortgage payments in liquid assets after closing. Some high-balance loans require even more.

Question 5

Are ARMs a smart choice for San Diego jumbo loans?

Accepted Answer

For buyers who won't hold the loan long-term, a 7/1 or 10/1 ARM often saves meaningful money over a 30-year fixed.

Question 6

Can self-employed borrowers qualify for a jumbo loan?

Accepted Answer

Yes, but expect two years of tax returns and a deep income analysis. Write-offs that reduce taxable income can hurt qualification.

Jumbo Loans in San Diego: Finance What Conforming Can't