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Solana Beach's median home price sits well above the conforming limit. A $1.38M purchase with 20% down ($276K) and a jumbo 30-year fixed at 6.375% runs $6,888 monthly for principal and interest alone.
Jumbo lending in San Diego County moves slower than conventional but with stricter underwriting. Lenders want 740+ FICO, 20% down minimum, and proof of liquid reserves equal to 6-12 months of payments.
6.375%
Interest Rate
$6,888
Monthly P&I
740+
FICO Required
20% ($276K)
Down Payment
35-45 days
Close Timeline
Jumbo Loans in Solana Beach
Jumbo loans in Solana Beach start at 740 FICO and require 20% down on a primary residence. At a $1.38M purchase, that's $276K down and a $1.104M loan.
Lenders verify liquid reserves (savings, investments, retirement accounts) equal to 6-12 months of your total housing payment. With property taxes, insurance, and HOA fees, reserves often run $60K-$80K.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Solana Beach.
Solana Beach's median home price sits well above the conforming limit. A $1.38M purchase with 20% down ($276K) and a jumbo 30-year fixed at 6.375% runs $6,888 monthly for principal and interest alone.
Jumbo lending in San Diego County moves slower than conventional but with stricter underwriting. Lenders want 740+ FICO, 20% down minimum, and proof of liquid reserves equal to 6-12 months of payments.
Jumbo loans in Solana Beach start at 740 FICO and require 20% down on a primary residence. At a $1.38M purchase, that's $276K down and a $1.104M loan.
Jumbo lending in California is dominated by portfolio lenders and mortgage banks. Retail banks rarely hold jumbo loans on their books. Most brokers source jumbos from 3-5 wholesale lenders with overlays for San Diego's high-value market.
Underwriting takes 35-45 days for a jumbo close. Appraisals are stricter and may require a second opinion above $1.2M. Rate locks are typically 30-45 days. Loan-to-value limits top out at 80% for primary residences without compensating factors.
Jumbo makes sense in Solana Beach when you're buying above $1.104M and can put 20% down. The 6.375% rate pencils better than stretching an FHA loan to the high-cost limit or taking a portfolio ARM.
Jumbo doesn't work if you have less than $276K down or a FICO below 740. At that point, a smaller purchase or a co-borrower with stronger reserves becomes the real option.
A 5/1 ARM jumbo might start 0.5% lower than 30-year fixed but adjusts after year five. If you plan to sell or refinance within five years, the ARM saves money. If you're staying put, the fixed rate protects you from future increases.
Conventional loans max out at $1.104M. Above that, jumbo is your only choice. Below $1.104M, conventional carries lower rates but requires PMI if you put down less than 20%.
Solana Beach sits on the coast between Del Mar and Encinitas. The community is known for its beach access, excellent schools, and tight-knit neighborhoods. Buyers here typically hold homes long-term, making the fixed 30-year rate a natural fit.
The median home price in Solana Beach reflects its desirability. Most purchases here are primary residences for families or retirees seeking coastal California living. That stability supports the jumbo market.
At 6.375% on a $1.104M loan, principal and interest run $6,888 monthly. Add property taxes (roughly $1,200-$1,400), insurance ($150-$200), and HOA fees if applicable.
Yes. Jumbo lenders require 20% down minimum on primary residences. On a $1.38M purchase, that's $276K. Some lenders offer 15% down with compensating factors (higher FICO, larger reserves), but 20% is standard and gets the best rate.
Most jumbo lenders require 740 FICO minimum. Some will go to 720 with strong compensating factors like 25% down or 12 months reserves. Below 720, jumbo doors close. Conventional loans are more flexible at 680+.
Expect 35-45 days from application to funding. Appraisals take 10-14 days and may require a second opinion above $1.2M. Underwriting is stricter than conventional, so document requests come in waves.
Yes, but you'll need 2 years of tax returns, profit-and-loss statements, and a CPA letter. Lenders want to see consistent or growing income. Bonus or commission income requires 2 years history.