Question 1

What is the conforming loan limit for Solano County?

Accepted Answer

FHFA sets conforming limits annually. Check the current limit before assuming which loan you need — it changes year to year.

Question 2

Do jumbo loans require mortgage insurance?

Accepted Answer

Most jumbo lenders skip PMI but require larger down payments instead. That 10–20% down is how they manage risk.

Question 3

Can I get a jumbo loan with a 680 credit score?

Accepted Answer

Some lenders will go to 680, but options shrink fast. A 700+ score gives you the most lenders and best pricing.

Question 4

Which loan closes faster in Vacaville?

Accepted Answer

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

Question 5

Can I use gift funds on a jumbo loan?

Accepted Answer

Some jumbo lenders allow gift funds, but many require that at least part of the down payment comes from your own assets.

Conventional vs Jumbo Loans in Vacaville, CA