Question 1

What is the jumbo loan threshold in Siskiyou County?

Accepted Answer

Jumbo loans exceed the FHFA conforming limit for the county. Siskiyou County follows the standard baseline limit, not a high-cost adjustment.

Question 2

Are jumbo loans common in Dunsmuir?

Accepted Answer

Not really. Most Dunsmuir home prices fall under conforming limits. Jumbo loans mainly come up for large acreage or high-end properties.

Question 3

Can I get a jumbo loan on a rural property in Siskiyou County?

Accepted Answer

Yes, but lender options narrow significantly. Some jumbo lenders exclude rural or low-density areas. We find the ones who don't.

Question 4

How does the appraisal process work for jumbo loans here?

Accepted Answer

Rural appraisals are harder. Comparable sales are scarce in Dunsmuir, which creates valuation risk. A low appraisal can stall or kill a jumbo deal.

Question 5

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 700 or higher. Some set minimums at 720. Lower scores dramatically shrink your lender pool.

Question 6

Is a bigger down payment required for a jumbo loan?

Accepted Answer

Yes. Most lenders require at least 20% down. Some jumbo programs allow 10%, but those come with stricter income and reserve requirements.

Jumbo Loans in Dunsmuir, CA: What You Need to Know