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Los Gatos is one of the most expensive zip codes in Santa Clara County. Nearly every purchase here requires a jumbo loan.
The conforming loan limit for Santa Clara County sits above the national baseline. But Los Gatos prices push well past even that elevated ceiling.
700 (720+ preferred)
Min Credit Score
10–20%
Down Payment
12–24 months
Reserves Required
30–45 days
Typical Close Time
Jumbo Loans in Los Gatos
Jumbo lenders want to see stronger financials than conventional loans require. Expect a minimum 700 credit score — most lenders prefer 720 or higher.
You'll need 12-24 months of reserves after closing. That means cash, stocks, or retirement funds sitting in your accounts.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Los Gatos.
Los Gatos is one of the most expensive zip codes in Santa Clara County. Nearly every purchase here requires a jumbo loan.
The conforming loan limit for Santa Clara County sits above the national baseline. But Los Gatos prices push well past even that elevated ceiling.
Jumbo lenders want to see stronger financials than conventional loans require. Expect a minimum 700 credit score — most lenders prefer 720 or higher.
Jumbo loans are portfolio products. Each lender writes their own rules. Rates and guidelines vary more than they do on conventional loans.
We shop jumbo programs across 200+ wholesale lenders. A 0.25% rate difference on a $2M loan is real money — don't just go with your bank.
Tech-sector buyers in Los Gatos often have complex income — RSUs, bonuses, and equity compensation. Not every jumbo lender handles that well.
We match your income structure to lenders built for it. A W-2 with RSUs files differently than a straight salary. That affects which lender approves you.
An ARM (adjustable-rate mortgage) can price lower than a fixed jumbo rate. For buyers planning to sell or refinance in 5-7 years, that gap matters.
Interest-only jumbo loans are real — some lenders still offer them. They lower your monthly payment but don't build equity. Know what you're trading off.
Los Gatos properties often include ADUs, hillside lots, or custom builds. Some jumbo lenders restrict non-standard properties — we know which ones don't.
Appraisals on high-end Los Gatos homes can be tricky. Limited comps in some neighborhoods mean appraisers need experience with luxury properties.
Any loan above the FHFA conforming limit for Santa Clara County is jumbo. That limit is higher here than the national baseline — check current FHFA figures before assuming.
Most lenders require 10-20% down. The exact amount depends on loan size and your credit profile.
Yes, but lender rules vary. Some require 2 years of vesting history. Others average your last two years of RSU income from your tax returns.
Not always. As of April 2026, jumbo rates are competitive with conforming on many loan sizes. Rates vary by borrower profile and market conditions.
No. Jumbo loans don't carry PMI (private mortgage insurance), even with less than 20% down. Lenders price the risk into the rate instead.
Typically 30-45 days. Complex income documentation or appraisal delays can push that. Start your pre-approval early in a competitive market.