Question 1

What is the jumbo loan threshold in Santa Clara County?

Accepted Answer

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.

Question 2

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

Accepted Answer

Most lenders require 10-20% down. The exact amount depends on loan size and your credit profile.

Question 3

Can I use RSU or stock income to qualify?

Accepted Answer

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.

Question 4

Are jumbo rates always higher than conforming rates?

Accepted Answer

Not always. As of April 2026, jumbo rates are competitive with conforming on many loan sizes. Rates vary by borrower profile and market conditions.

Question 5

Do jumbo loans require mortgage insurance?

Accepted Answer

No. Jumbo loans don't carry PMI (private mortgage insurance), even with less than 20% down. Lenders price the risk into the rate instead.

Question 6

How long does a jumbo loan take to close in Los Gatos?

Accepted Answer

Typically 30-45 days. Complex income documentation or appraisal delays can push that. Start your pre-approval early in a competitive market.

Jumbo Loans in Los Gatos, CA