Question 1

What is the conforming loan limit for Siskiyou County?

Accepted Answer

The FHFA sets conforming limits annually. Siskiyou County follows the standard limit, not a high-cost adjustment. Check the current FHFA limit before assuming you need jumbo.

Question 2

Are jumbo rates higher than conventional rates right now?

Accepted Answer

Not always. Jumbo rates can be lower, higher, or even with conventional depending on lender appetite. Rates vary by borrower profile and market conditions.

Question 3

Can I put 5% down on a jumbo loan?

Accepted Answer

Some lenders allow it, but most want 10-20% down on jumbo. Fewer lenders compete here, so terms depend heavily on which lender you use.

Question 4

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders require at least 620. Better scores get better rates — 740+ puts you in the top pricing tier.

Question 5

Is PMI required on jumbo loans?

Accepted Answer

Jumbo loans don't follow standard PMI rules. Some lenders require it below 20% down; others don't. It depends entirely on the lender's program.

Question 6

Can SRK CAPITAL help me find a jumbo loan in rural California?

Accepted Answer

Yes. We work with 200+ wholesale lenders, including those active in rural markets. We'll shop both conventional and jumbo to find the right fit.

Conventional vs Jumbo Loans in Etna, CA