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Jumbo Loans in Suisun City
Suisun City sits in a unique position where most properties fall under conforming limits, but waterfront homes and newer construction can push into jumbo territory. The 2024 conforming limit in Solano County is $766,550—anything above triggers jumbo pricing.
We see jumbo demand here for buyers upgrading from Bay Area markets who want waterfront access without San Francisco price tags. These loans require different underwriting than what most Suisun City buyers are used to.
Expect lenders to want 700+ credit scores, though some programs start at 680. Most require 10-20% down depending on loan size—higher amounts mean higher down payments.
Income documentation is stricter than conforming loans. You'll need two years of tax returns, full asset verification, and debt-to-income under 43%. Cash reserves of 6-12 months are standard, not optional.
Jumbo loans aren't standardized like conforming mortgages. Each of our 200+ lenders has different appetite for loan size, property type, and borrower profile.
Portfolio lenders often beat big banks on both rate and flexibility in Suisun City. We've closed jumbo loans here where one lender wanted 20% down while another approved the same borrower at 15%. Shopping matters more on jumbos than any other loan type.
Most Suisun City jumbo buyers don't realize they're shopping for a jumbo until they're in contract. The surprise comes when they discover stricter qualifying and higher rates.
I tell clients to get pre-approved specifically for jumbo amounts before house hunting above $750K. The difference between qualifying for $765K conventional and $800K jumbo is substantial—different credit standards, different reserve requirements, different rate structure.
If you're close to the conforming limit, buying under it saves money and hassle. A $765K conforming loan will consistently beat a $800K jumbo on rate, even with PMI factored in.
For loans well above limits, adjustable-rate jumbos often make sense. We see 7/1 and 10/1 ARMs priced 0.5-0.75% below fixed jumbos. Interest-only options exist but require exceptional credit and reserves.
Suisun City's waterfront location creates appraisal complications. Lenders scrutinize flood zone status and comparable sales, which can be sparse for higher-end properties.
The city's proximity to Travis Air Force Base affects some lenders' appetite—military flight paths make certain properties harder to finance. Not every jumbo lender will touch properties in approach zones, even if they're otherwise perfect.
$766,550 for Solano County in 2024. Anything above requires jumbo financing with different qualification standards.
Yes, but expect stricter credit and reserve requirements. Most lenders prefer 15-20% down for stronger pricing and approval odds.
Absolutely. We regularly see 0.25-0.5% rate spreads on identical borrower profiles. Portfolio lenders often beat big banks here.
Plan for 45-60 days. Documentation requirements are heavier and underwriting is more thorough than conforming loans.
Yes. Flood certification and limited comparable sales create appraisal challenges that extend timelines and sometimes kill deals.
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.