Loading
Loading
Cotati sits in Sonoma County, where property values routinely push past conforming loan limits. Higher-end homes here often require jumbo financing to close the deal.
Jumbo loans cover amounts above the FHFA conforming limit. In high-cost California counties, that threshold can be higher — but many Sonoma properties still cross it.
700+
Min Credit Score
10–20%
Typical Down Payment
12 months
Cash Reserves Needed
43%
DTI Cap (Common)
30–45 days
Avg Underwriting Time
Jumbo Loans in Cotati
Jumbo lenders set stricter standards than conforming programs. Expect a minimum 700 credit score at most lenders, with better rates above 740.
You'll typically need 12 months of reserves — that means cash left after closing. Debt-to-income ratios are usually capped at 43%, sometimes lower.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Cotati.
Cotati sits in Sonoma County, where property values routinely push past conforming loan limits. Higher-end homes here often require jumbo financing to close the deal.
Jumbo loans cover amounts above the FHFA conforming limit. In high-cost California counties, that threshold can be higher — but many Sonoma properties still cross it.
Jumbo lenders set stricter standards than conforming programs. Expect a minimum 700 credit score at most lenders, with better rates above 740.
Jumbo loans don't follow Fannie Mae rules. Each lender sets its own guidelines, which means pricing and approval criteria vary widely.
Shopping a single bank for jumbo is a mistake. We run your file across 200+ wholesale lenders to find who actually prices well for your profile.
Jumbo underwriting is manual. The underwriter reads your file — they're not just running it through a system. Every detail of your income story matters.
Self-employed borrowers face extra scrutiny on jumbo deals. Two years of tax returns is the floor. Some lenders want a CPA letter on top of that.
If your loan amount falls near the conforming limit, run both options. Conforming loans carry lower rates and looser guidelines than jumbo.
ARMs are worth a look on jumbo deals. A 7/1 or 10/1 ARM can cut your rate meaningfully if you don't plan to hold the loan for 30 years.
Cotati is a smaller city surrounded by higher-priced Sonoma County towns. Move-up buyers here often hit jumbo territory without buying a luxury property.
Sonoma County's wine country proximity keeps demand steady for quality homes. That supports values — and means jumbo financing stays relevant even in modest neighborhoods.
Jumbo starts where the FHFA conforming limit ends. Sonoma County is a high-cost area, so check the current limit before assuming you need jumbo.
Some lenders allow 10% down on jumbo, but you'll need strong credit and reserves. Expect stricter terms compared to a 20% down scenario.
Most jumbo lenders avoid PMI by requiring larger down payments instead. At 20% down, you typically won't pay PMI on a jumbo loan.
Plan for 30-45 days minimum. Manual review takes longer than automated conforming underwriting, so don't cut your contingency period short.
Usually, yes — but the gap narrows depending on your credit profile and lender. Rates vary by borrower profile and market conditions.
Yes, but underwriting is thorough. Lenders want two years of clean tax returns and may require a CPA letter verifying your business income.