Question 1

What is the jumbo loan threshold in Santa Clara County?

Accepted Answer

Any loan above $1,089,300 is jumbo in Santa Clara County. Most Cupertino purchases land well above that limit.

Question 2

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

Accepted Answer

Yes, but lender rules differ. Most require a two-year RSU vesting history. Some won't count RSUs at all.

Question 3

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 720 or above. Scores under 700 will disqualify you at most institutions.

Question 4

How much do I need to put down on a jumbo loan?

Accepted Answer

Expect a minimum of 10-20% down. Larger down payments unlock better rates and easier underwriting.

Question 5

Is an ARM a good idea on a jumbo loan in Cupertino?

Accepted Answer

It depends on your timeline. A 7/1 or 10/1 ARM prices lower and suits buyers who may sell or refi within a decade.

Question 6

Why use a broker instead of a bank for a jumbo loan?

Accepted Answer

Jumbo pricing varies more than any other loan type. A broker shops multiple lenders at once — a direct bank shows you one rate.

Jumbo Loans in Cupertino, CA