Loading
Loading
Gilroy sits in Santa Clara County, one of the most expensive housing markets in the country. Prices here routinely push buyers past conforming loan limits.
The FHFA sets conforming limits annually. In high-cost counties like Santa Clara, that ceiling is higher — but many Gilroy homes still exceed it.
700+ (740 for best rates)
Min Credit Score
43% typical
Max DTI
12 months typical
Cash Reserves
10–20%
Min Down Payment
30–45 days
Avg Close Time
Jumbo Loans in Gilroy
Jumbo lenders want stronger profiles than conforming programs. Expect a minimum 700 credit score — most competitive rates start at 740 or above.
Debt-to-income ratio matters more here. Most lenders cap it at 43%, and reserves of 12 months or more are common requirements.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Gilroy.
Gilroy sits in Santa Clara County, one of the most expensive housing markets in the country. Prices here routinely push buyers past conforming loan limits.
The FHFA sets conforming limits annually. In high-cost counties like Santa Clara, that ceiling is higher — but many Gilroy homes still exceed it.
Jumbo lenders want stronger profiles than conforming programs. Expect a minimum 700 credit score — most competitive rates start at 740 or above.
Jumbo is not a government-backed product. Every lender sets their own rules, and those rules vary significantly across our 200+ wholesale partners.
Some lenders tighten guidelines on properties in smaller markets. Gilroy's profile — semi-rural, growing — can affect which programs you qualify for.
Rate differences between jumbo lenders can run 0.5% or more on the same borrower. That gap is worth tens of thousands over the loan term.
Gilroy buyers sometimes sit right at the conforming limit. We check both sides — a slightly smaller loan with conforming pricing can beat a jumbo rate.
Conforming loans carry lower rates and looser requirements. If you can structure around the limit, that path often wins on cost.
ARMs are worth a serious look on jumbo. A 7/1 ARM can price meaningfully lower than a 30-year fixed — especially if you plan to sell or refi within a decade.
Gilroy is still developing its luxury segment. Appraisals can be tricky when comparable sales are thin — jumbo lenders scrutinize valuations hard.
The city's proximity to San Jose draws buyers who work in tech. Strong W-2 income and stock comp are common profiles that jumbo programs handle well.
The FHFA sets high-cost conforming limits for Santa Clara County each year. Any loan above that limit requires jumbo financing.
Most jumbo lenders require at least 10-20% down. Some programs allow 10% with strong credit and reserves.
Yes, but lenders want two years of tax returns and strong adjusted gross income. Bank statement programs also exist for qualified borrowers.
Not always. In competitive markets, jumbo rates have occasionally matched conforming. It depends on lender appetite and your borrower profile.
Jumbo loans typically take 30-45 days. Appraisal complexity on higher-value properties can extend that timeline.
Yes. We shop your file across 200+ wholesale lenders to find the best jumbo pricing and guidelines for your situation.