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Lathrop sits in San Joaquin County, one of the Central Valley's fastest-growing corridors. New construction here has pushed some home prices above conforming loan limits.
When a purchase price exceeds the FHFA conforming limit, you need a jumbo loan. That means different underwriting rules and lender standards.
700+ typical
Min Credit Score
10–20%
Down Payment
12 months post-close
Cash Reserves
Fixed or ARM
Rate Type
30–45 days
Est. Close Time
Jumbo Loans in Lathrop
Most jumbo lenders want a 700+ credit score. Some go higher. A 680 might work, but your rate will reflect the added risk.
Expect to show 12 months of reserves after closing. Debt-to-income ratios are tighter too — most lenders cap at 43%, some lower.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Lathrop.
Lathrop sits in San Joaquin County, one of the Central Valley's fastest-growing corridors. New construction here has pushed some home prices above conforming loan limits.
When a purchase price exceeds the FHFA conforming limit, you need a jumbo loan. That means different underwriting rules and lender standards.
Most jumbo lenders want a 700+ credit score. Some go higher. A 680 might work, but your rate will reflect the added risk.
Jumbo loans don't go through Fannie Mae or Freddie Mac. Each lender sets its own rules. That makes shopping across lenders critical.
We work with 200+ wholesale lenders. Jumbo guidelines vary sharply between them — on rate, reserve requirements, and max loan size.
The biggest mistake I see on jumbo deals is under-documenting income. W-2 borrowers need two years of returns, pay stubs, and full asset statements.
Self-employed borrowers have more options than they think. Some lenders use 12-month bank statements instead of tax returns for jumbo qualification.
If your loan amount falls near the conforming limit, check whether splitting into a conforming first and second lien saves money. It sometimes does.
ARMs are worth a real look on jumbo loans. A 7/1 or 10/1 ARM can cut your rate meaningfully if you don't plan to hold the loan 30 years.
Lathrop's master-planned communities and larger lot homes are driving more transactions into jumbo territory. This trend is real here.
San Joaquin County values are still below Bay Area levels, but the gap is closing. Jumbo volume in this market is growing as of April 2026.
The conforming limit set by the FHFA applies to San Joaquin County. Any loan above that limit is a jumbo loan with different lender requirements.
Yes, some lenders allow 10% down on jumbo loans. You'll typically need a strong credit score and solid reserves to qualify at that level.
Not always. Jumbo rates are competitive and sometimes match conforming rates. Rates vary by borrower profile and market conditions.
Jumbo loans typically take 30–45 days to close. Complex income documentation or appraisal issues can extend that timeline.
Yes. Several wholesale lenders offer bank statement jumbo programs. You'll need 12–24 months of statements in place of tax returns.