Question 1

What is the jumbo loan threshold in Santa Clara County?

Accepted Answer

The FHFA sets high-cost conforming limits for Santa Clara County each year. Any loan above that limit requires jumbo financing.

Question 2

Do jumbo loans require a larger down payment?

Accepted Answer

Most jumbo lenders require at least 10-20% down. Some programs allow 10% with strong credit and reserves.

Question 3

Can self-employed buyers get a jumbo loan in Gilroy?

Accepted Answer

Yes, but lenders want two years of tax returns and strong adjusted gross income. Bank statement programs also exist for qualified borrowers.

Question 4

Are jumbo rates always higher than conforming rates?

Accepted Answer

Not always. In competitive markets, jumbo rates have occasionally matched conforming. It depends on lender appetite and your borrower profile.

Question 5

How long does a jumbo loan take to close in Gilroy?

Accepted Answer

Jumbo loans typically take 30-45 days. Appraisal complexity on higher-value properties can extend that timeline.

Question 6

Does SRK CAPITAL work with multiple jumbo lenders?

Accepted Answer

Yes. We shop your file across 200+ wholesale lenders to find the best jumbo pricing and guidelines for your situation.

Jumbo Loans in Gilroy, CA — Finance Beyond Conforming Limits