Question 1

What is the jumbo loan threshold in Santa Clara County?

Accepted Answer

The 2025 conforming limit is $806,500. Any loan above that is jumbo and requires private lender guidelines.

Question 2

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

Accepted Answer

Yes, but lenders treat it differently. Most want a two-year history and continued vesting to count it.

Question 3

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

Accepted Answer

Most lenders require 10–20% down. Some allow 10% down with strong credit and reserves.

Question 4

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. On larger loan amounts, jumbo rates can be competitive with conforming. Rates vary by borrower profile and market conditions.

Question 5

Do jumbo loans require private mortgage insurance (PMI)?

Accepted Answer

Jumbo loans don't use PMI. Lenders manage risk through higher down payments and stricter credit requirements instead.

Question 6

Can self-employed borrowers get a jumbo loan in Sunnyvale?

Accepted Answer

Yes. You'll need two years of tax returns and strong net income. Some lenders use bank statements as an alternative.

Jumbo Loans in Sunnyvale: Finance What Conforming Can't