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Jumbo Loans in Dixon
Dixon sits in agricultural Solano County where most homes fall under conforming limits. But newer developments and larger properties occasionally push above $766,550.
The jumbo market here is smaller than neighboring cities. Most buyers need these loans for estate properties or premium new construction on larger lots.
Expect lenders to require 700+ credit scores and 20% down minimum. Some programs allow 10% down but you'll pay higher rates and face stricter income requirements.
Cash reserves matter more than with conforming loans. Most lenders want 6-12 months of housing payments in the bank after closing, not just enough to cover down payment and costs.
Not every lender offers jumbo products, and those that do price them differently. Rate spreads between lenders can hit 0.5% on the same scenario.
Portfolio lenders often beat big banks on jumbo pricing in this price range. We shop across 200+ wholesale sources to find programs willing to stretch on credit or reserves when your profile justifies it.
Dixon jumbo buyers often come from Bay Area equity. They expect jumbo approval to work like their previous conforming loan—it doesn't. Underwriting digs deeper into income sources and asset seasoning.
If you're borderline on loan amount, consider structuring purchase price to stay under conforming limits. The rate difference often exceeds what you'd negotiate off the sale price.
Conforming loans beat jumbo on rate, down payment flexibility, and reserve requirements. If you can structure the deal under $766,550, do it.
Adjustable rate mortgages cut jumbo costs if you plan to move or refinance within 7-10 years. Interest-only options exist but make sense for specific income profiles, not as a stretch tool.
Dixon's agricultural economy means some jumbo borrowers show farm income or family trust ownership. These structures complicate qualification—lenders want two years of tax returns and entity documentation.
Property types matter here. A custom home on acreage underwrites differently than a subdivision property just over the limit. Appraisers need comparable sales, which can be scarce for unique rural properties.
Anything above $766,550 is jumbo in Solano County. That's the 2024 conforming limit for this area.
Yes, but expect higher rates and stricter qualification. Most borrowers put 20% down to access better pricing and avoid tighter reserve requirements.
Typically 6-12 months of total housing payments after closing. Higher loan amounts or lower credit scores push you toward the 12-month end.
Absolutely. We've seen 0.5% spreads on identical scenarios. Shopping multiple lenders matters more on jumbo loans than conforming.
700 is the practical floor across most lenders. Some programs go to 680 but you'll pay significantly higher rates.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.