Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

The FHFA sets conforming limits annually. Any loan above that limit in Santa Clara County is a jumbo loan requiring different qualification standards.

Question 2

Can I use RSU income to qualify for a jumbo loan in Palo Alto?

Accepted Answer

Some lenders accept RSU income with a two-year vesting history. Others won't touch it. Lender selection is critical for tech employees.

Question 3

How much do I need for a down payment on a jumbo loan?

Accepted Answer

Most jumbo lenders require 10-20% down. Some high-balance programs go to 10%, but expect stricter terms and higher rates at lower down payments.

Question 4

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. Jumbo rates fluctuate independently and sometimes price below conforming. Rates vary by borrower profile and market conditions.

Question 5

Does SRK CAPITAL work with self-employed borrowers on jumbo loans?

Accepted Answer

Yes. We have lenders who accept full-doc self-employed income and others who use bank statements. The right fit depends on your income structure.

Question 6

How long does a jumbo loan close in Palo Alto?

Accepted Answer

Typically 21-30 days with a clean file. Dual appraisals or complex income can add time. Get pre-approved before you write offers.

Jumbo Loans in Palo Alto: Finance What Conforming Can't Cover