Question 1

What is the jumbo loan threshold in Solano County?

Accepted Answer

Anything above the FHFA conforming limit requires jumbo financing. Check the current limit before assuming your loan amount is conforming.

Question 2

Can I get a jumbo loan with 10% down in Vallejo?

Accepted Answer

Yes, some lenders allow 10% down on jumbo. Expect private mortgage insurance or a slightly higher rate at that down payment level.

Question 3

How is jumbo different from a conventional loan?

Accepted Answer

Conventional loans follow Fannie/Freddie guidelines. Jumbo loans are portfolio products — lenders set their own rules and keep the loan themselves.

Question 4

Do jumbo loans take longer to close?

Accepted Answer

Often yes. Jumbo requires more documentation and stricter appraisal review. Budget 30–45 days and have your financials ready upfront.

Question 5

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. Rates vary by borrower profile and market conditions. On large loan amounts, a small rate difference has a big payment impact.

Question 6

Can a self-employed borrower get a jumbo loan in Vallejo?

Accepted Answer

Yes, but it's tougher. You'll need two strong years of returns or qualify through a bank statement program designed for business owners.

Jumbo Loans in Vallejo, CA — Big Financing for Bay Area Value