Question 1

What is the conforming loan limit in Solano County?

Accepted Answer

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

Question 2

Are jumbo rates always higher than conventional rates?

Accepted Answer

Usually, yes — but not always. We shop jumbo across dozens of portfolio lenders to find competitive pricing. Rates vary by borrower profile and market conditions.

Question 3

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 720 or higher. Some go to 700 with strong reserves and a larger down payment.

Question 4

Can I put 10% down on a jumbo loan?

Accepted Answer

Some lenders allow 10% down on jumbo, but 20% is far more common. Expect stricter scrutiny at lower down payments.

Question 5

How much in reserves do jumbo lenders require?

Accepted Answer

Most want 6 to 12 months of mortgage payments in liquid assets after closing. Some high-balance loans require more.

Question 6

Can I get a conventional loan with less than 20% down?

Accepted Answer

Yes. Conventional allows as little as 3% down. You'll pay PMI until you reach 20% equity, then it falls off.

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