Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

The 2025 limit is $1,209,750. Loans above that amount require jumbo financing.

Question 2

Do jumbo loans always have higher rates than conventional?

Accepted Answer

Not always. Jumbo rates depend on the lender and borrower profile. Rates vary by borrower profile and market conditions.

Question 3

How much down payment does a jumbo loan require in Los Altos?

Accepted Answer

Most jumbo lenders want at least 10-20% down. Higher down payments usually unlock better rates.

Question 4

Can I use a piggyback loan to avoid jumbo financing?

Accepted Answer

Yes. A first mortgage at the conforming limit plus a second loan can reduce or eliminate jumbo exposure.

Question 5

What credit score do I need for a jumbo loan?

Accepted Answer

Most lenders require 700 or higher. Some go to 720+ for the best jumbo pricing.

Question 6

How many months of reserves do jumbo lenders typically require?

Accepted Answer

Expect 12 months of reserves to be standard. Some lenders require more on larger loan amounts.

Conventional vs Jumbo Loans in Los Altos, CA