Question 1

What loan amount triggers a jumbo loan in San Joaquin County?

Accepted Answer

Once your loan exceeds the FHFA conforming limit for San Joaquin County, it's jumbo. Check the current FHFA limit before assuming your loan qualifies as conforming.

Question 2

Can I get a jumbo loan with less than 20% down in Manteca?

Accepted Answer

Some lenders allow 10-15% down on jumbo loans, but expect higher rates and stricter reserve requirements. Most portfolio lenders in this range want at least 20%.

Question 3

Are jumbo loan rates higher than conforming rates?

Accepted Answer

Historically yes, but the gap fluctuates. Rates vary by borrower profile and market conditions — strong credit and reserves can narrow that spread significantly.

Question 4

Do jumbo loans require a higher credit score?

Accepted Answer

Yes. Most jumbo lenders want 700 at minimum, and the best pricing goes to borrowers at 720 or above. Below 700 and most jumbo programs close the door.

Question 5

Is a jumbo ARM a smart choice for a Manteca home purchase?

Accepted Answer

If you plan to sell or refinance within 7-10 years, a jumbo ARM can save real money. Run the break-even numbers before committing to a 30-year fixed.

Jumbo Loans in Manteca, CA — Financing Above Conforming Limits