Question 1

What loan amount triggers jumbo in Shasta County?

Accepted Answer

Any loan above the FHFA conforming limit for Shasta County requires jumbo financing. Check the current limit before assuming your purchase qualifies as conforming.

Question 2

Are jumbo rates higher than conforming rates?

Accepted Answer

Often yes, but not always. Rates vary by borrower profile and market conditions. Strong credit and reserves can close that gap significantly.

Question 3

Can I get a jumbo loan on a waterfront property?

Accepted Answer

Yes, but waterfront properties near Shasta Lake may have easements or zoning issues. Some lenders decline these — we find the ones that don't.

Question 4

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

Accepted Answer

Most jumbo lenders require 10-20% down. Higher down payments often unlock better rates and easier approval, especially on rural or unique properties.

Question 5

Will a bank give me a better jumbo rate than a broker?

Accepted Answer

Rarely. Banks only offer their own products. We shop 200+ wholesale lenders to find the most competitive jumbo rate for your specific file.

Question 6

Is a jumbo loan harder to get approved for?

Accepted Answer

Yes. Underwriting is stricter and overlays vary by lender. Getting denied at one lender doesn't mean you're denied everywhere — that's where a broker helps.

Jumbo Loans in Shasta Lake, CA