Question 1

What credit score do I need for a jumbo loan in Menlo Park?

Accepted Answer

Most lenders require 680 minimum, but 720+ unlocks best rates. We've closed 660 scores with rate adjustments and higher down payments.

Question 2

How much down payment do jumbo loans require?

Accepted Answer

You can start at 10% down but 20% avoids mortgage insurance. Some lenders require 25-30% for loans above $2.5M.

Question 3

Do jumbo lenders count stock options as income?

Accepted Answer

Some do, some don't. Portfolio lenders in this market understand RSUs and vesting schedules better than national banks.

Question 4

Should I choose a fixed or ARM jumbo loan right now?

Accepted Answer

ARMs price 0.75-1% lower than fixed rates as of February 2026. Consider a 7/1 ARM if you plan to refinance when Fed cuts hit later this year.

Question 5

How long does jumbo loan approval take in Menlo Park?

Accepted Answer

Expect 30-45 days with responsive lenders. Documentation requirements are heavier than conforming loans, especially for tech compensation verification.

Jumbo Loans in Menlo Park: Financing Silicon Valley's Premium Real Estate