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Campbell sits in the heart of Santa Clara County. Home prices here push well past the conforming loan limit.
That means most buyers in this market need a jumbo loan. This isn't a niche product here — it's the norm.
Typically 700+
Min Credit Score
12 months typical
Reserves Required
~43%
Max DTI
10–20%
Min Down Payment
Fixed or ARM
Rate Type
Jumbo Loans in Campbell
Jumbo lenders set the bar higher than conforming guidelines. Expect to show a credit score of 700 or above.
Most lenders want 12 months of reserves — liquid assets covering a year of payments. Your debt-to-income ratio needs to stay under 43%.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Campbell.
Campbell sits in the heart of Santa Clara County. Home prices here push well past the conforming loan limit.
That means most buyers in this market need a jumbo loan. This isn't a niche product here — it's the norm.
Jumbo lenders set the bar higher than conforming guidelines. Expect to show a credit score of 700 or above.
Jumbo loans don't go through Fannie Mae or Freddie Mac. Each lender sets its own rules — and they vary widely.
We work with 200+ wholesale lenders at SRK CAPITAL. That gives us real options, not just whatever one bank offers.
The biggest mistake jumbo buyers make is going straight to their bank. Retail banks rarely offer the best jumbo pricing.
Wholesale lenders compete hard for well-qualified jumbo borrowers. A strong file — good credit, solid reserves — gives us real negotiating power.
If your loan amount falls at or below the conforming limit, a conventional loan usually costs less. It's worth checking the limit before you assume you need jumbo.
ARMs are popular with jumbo borrowers who plan to sell or refinance within 7 years. A fixed jumbo makes more sense for long-term holds.
Campbell's proximity to Silicon Valley tech employers means many buyers here are W-2 earners with RSUs. Lenders treat stock compensation differently — some count it, some don't.
Self-employed buyers in Santa Clara County face tighter scrutiny on jumbo files. Two years of tax returns is the floor, not the ceiling.
The FHFA sets conforming limits annually. Any loan above that threshold in Santa Clara County is classified as jumbo.
Some lenders accept RSU income, others don't. It depends on vesting schedule and the lender's specific guidelines.
Most jumbo lenders want at least 10-20% down. Higher loan amounts often require more skin in the game.
Not always. Well-qualified borrowers sometimes get jumbo rates competitive with conforming. Rates vary by borrower profile and market conditions.
Underwriting is more detailed, so expect a longer timeline. Having your documents ready upfront keeps things moving.
Yes, but lenders scrutinize income more carefully. Two years of tax returns and strong reserves are essential.