Question 1

What is the minimum down payment for a jumbo loan in Saratoga?

Accepted Answer

Most jumbo lenders require 10-20% down. Above $2M, expect 20% or more from most programs.

Question 2

Do jumbo loans have higher rates than conforming loans?

Accepted Answer

Not always. Jumbo rates can match or beat conforming rates depending on your profile. Rates vary by borrower profile and market conditions.

Question 3

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

Accepted Answer

Yes, but lenders have strict rules. Most want a 2-year history and continued vesting to count it toward qualifying income.

Question 4

How long does a jumbo loan close in Saratoga?

Accepted Answer

Plan for 30-45 days minimum. Complex income or unique properties can push that to 60 days.

Question 5

Is a jumbo ARM a smart choice for Saratoga buyers?

Accepted Answer

For buyers planning to sell or refinance within 7 years, an ARM often means a lower rate and real monthly savings.

Question 6

What credit score do I need for the best jumbo rates?

Accepted Answer

Most lenders want 700+. To access the sharpest pricing on large loans, 740 or above puts you in the best tier.

Jumbo Loans in Saratoga, CA — Financing Built for This Market