Question 1

What is the conforming loan limit in Solano County?

Accepted Answer

The FHFA sets conforming limits annually. Anything above that threshold in Solano County requires a jumbo loan.

Question 2

Are jumbo rates always higher than conventional?

Accepted Answer

Not always. Jumbo rates vary by lender and borrower profile. Rates vary by borrower profile and market conditions.

Question 3

Can I put less than 20% down on a jumbo loan?

Accepted Answer

Some lenders allow 10% down on jumbo loans. Expect stricter credit and reserve requirements when you do.

Question 4

Do conventional loans require mortgage insurance?

Accepted Answer

Only if you put down less than 20%. PMI cancels once you hit 20% equity in the home.

Question 5

Which loan closes faster in Dixon?

Accepted Answer

Conventional loans typically close faster. Jumbo loans require more documentation and manual underwriting review.

Conventional vs Jumbo Loans in Dixon, CA