Question 1

What's the minimum down payment for a Belmont jumbo loan?

Accepted Answer

Most lenders require 20% down. Some approve 15% or even 10%, but expect higher rates and mortgage insurance in many cases.

Question 2

How much do jumbo rates differ from conforming rates?

Accepted Answer

As of February 2026, jumbos typically run 0.25-0.75% higher than conforming loans. The gap narrows with stronger credit and larger down payments.

Question 3

Can I use a jumbo loan for an investment property in Belmont?

Accepted Answer

Yes, but expect 25-30% down and tougher approval standards. Investment property jumbos require higher credit scores and more reserves.

Question 4

Do I need perfect credit for a jumbo loan?

Accepted Answer

No, but 700+ gets you competitive rates. Below 680, your options shrink and rates climb fast.

Question 5

How long does jumbo loan approval take?

Accepted Answer

Figure 30-45 days minimum. Underwriters scrutinize everything harder on jumbo amounts, and documentation requests pile up.

Jumbo Loans in Belmont: Financing Above Conforming Limits in San Mateo County