Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

The FHFA sets conforming limits annually. Any loan above that threshold in Santa Clara County is classified as jumbo.

Question 2

Can I use RSU income to qualify for a jumbo loan in Campbell?

Accepted Answer

Some lenders accept RSU income, others don't. It depends on vesting schedule and the lender's specific guidelines.

Question 3

How much down payment do jumbo loans require?

Accepted Answer

Most jumbo lenders want at least 10-20% down. Higher loan amounts often require more skin in the game.

Question 4

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. Well-qualified borrowers sometimes get jumbo rates competitive with conforming. Rates vary by borrower profile and market conditions.

Question 5

Do jumbo loans take longer to close in Campbell?

Accepted Answer

Underwriting is more detailed, so expect a longer timeline. Having your documents ready upfront keeps things moving.

Question 6

Can self-employed buyers get jumbo loans in Santa Clara County?

Accepted Answer

Yes, but lenders scrutinize income more carefully. Two years of tax returns and strong reserves are essential.

Jumbo Loans in Campbell, CA — Finance Above the Conforming Limit