Loading
Loading
Vacaville sits in Solano County — a market where home prices push some buyers past conforming loan limits. That line separates conventional from jumbo financing.
Knowing which loan fits your purchase price saves time. It also determines your rate, down payment, and how hard underwriting will be.
Conventional loans stay within FHFA conforming limits. Lenders can sell them to Fannie Mae or Freddie Mac, which keeps rates competitive.
You typically need a 620 credit score and 3–20% down. PMI applies if you put less than 20% down — but it drops off once you hit 20% equity.
Jumbo loans cover purchase prices above the conforming limit. No Fannie or Freddie backing means lenders carry the full risk — and price it accordingly.
Expect stricter standards: most lenders want a 700+ credit score, 10–20% down, and 12 months of reserves in the bank.
Local decision guide
Use this comparison to weigh Conventional Loans and Jumbo Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Vacaville.
Vacaville sits in Solano County — a market where home prices push some buyers past conforming loan limits. That line separates conventional from jumbo financing.
Knowing which loan fits your purchase price saves time. It also determines your rate, down payment, and how hard underwriting will be.
Conventional loans stay within FHFA conforming limits. Lenders can sell them to Fannie Mae or Freddie Mac, which keeps rates competitive.
The biggest split is loan size. If your purchase stays under the conforming limit, conventional wins on rate and ease. Go over, and jumbo is your only path.
HousingWire flagged the 30-year fixed at 6.57% as of early April 2026, with applications dropping sharply. Jumbo rates can run higher or lower depending on the lender — shopping matters. Rates vary by borrower profile and market conditions.
Underwriting is also harder on jumbo deals. Debt-to-income ratios are stricter. Self-employed borrowers face more scrutiny. Conventional loans have more standardized guidelines.
If your Vacaville purchase price stays within the conforming limit, conventional is almost always the better move. Lower rate risk, faster closing, simpler process.
If you need to borrow above the conforming limit, jumbo is your only option. Make sure your credit score is strong and your reserves are solid before applying.
We shop jumbo across 200+ wholesale lenders. Pricing on these loans varies more than conventional — one lender's jumbo rate can beat another by half a point.
FHFA sets conforming limits annually. Check the current limit before assuming which loan you need — it changes year to year.
Most jumbo lenders skip PMI but require larger down payments instead. That 10–20% down is how they manage risk.
Some lenders will go to 680, but options shrink fast. A 700+ score gives you the most lenders and best pricing.
Conventional loans typically close faster. Jumbo underwriting involves more manual review and documentation.
Some jumbo lenders allow gift funds, but many require that at least part of the down payment comes from your own assets.
in Vacaville, CA