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Buellton sits in Santa Barbara County wine country. Property values here push well past conforming loan limits.
A jumbo loan covers mortgages above the FHFA conforming limit. In this market, that threshold gets crossed often.
700–720+
Min Credit Score
12 months typical
Reserves Required
43%
Max DTI
30–45 days
Avg Close Time
10–20%
Min Down Payment
Jumbo Loans in Buellton
Jumbo lenders want a credit score of 700 or higher. Most require 720+ for the best pricing.
Expect to document two years of income, 12 months of reserves, and a debt-to-income ratio under 43%.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Buellton.
Buellton sits in Santa Barbara County wine country. Property values here push well past conforming loan limits.
A jumbo loan covers mortgages above the FHFA conforming limit. In this market, that threshold gets crossed often.
Jumbo lenders want a credit score of 700 or higher. Most require 720+ for the best pricing.
Jumbo loans aren't sold to Fannie Mae or Freddie Mac. Each lender sets its own rules — and they vary significantly.
We work with 200+ wholesale lenders. That means more jumbo programs and real rate competition for Buellton buyers.
Jumbo underwriting is manual. A strong file tells a story — stable income, low debt, healthy reserves.
Self-employed buyers face extra scrutiny on jumbos. Two years of tax returns and a solid business history close these deals.
A conforming loan is cheaper to originate and easier to qualify for. But it caps your purchase price.
Jumbo ARMs can offer a lower start rate than fixed jumbo products. That trade-off works if you have a clear exit plan.
Buellton properties include horse properties, vineyard estates, and rural parcels. These appraise differently than tract homes.
Lenders may require two appraisals on high-value or unique properties. Budget time for that in your escrow timeline.
Jumbo starts above the FHFA conforming limit for Santa Barbara County. Any loan above that threshold requires jumbo underwriting and pricing.
Some lenders allow 10% down on jumbos with strong credit and reserves. Most prefer 20% to avoid private mortgage insurance.
Some do, but not all. Rural and income-producing properties require lenders with specific jumbo programs for non-standard collateral.
Jumbo rates typically run slightly higher than conforming. Rates vary by borrower profile and market conditions.
Plan for 30–45 days minimum. Unique properties or complex income files can push timelines longer.
Yes. Lenders set their own overlays on credit, reserves, and income. Standards are tighter than conforming guidelines.