Question 1

What is the conforming loan limit in Sonoma County?

Accepted Answer

Sonoma County qualifies as a high-cost area, so its conforming limit exceeds the national baseline. Check with us for the current FHFA figure before you start shopping.

Question 2

Are jumbo rates higher than conventional rates?

Accepted Answer

Not always. Jumbo rates depend on lender appetite and your profile. Rates vary by borrower profile and market conditions.

Question 3

Can I put less than 20% down on a jumbo loan?

Accepted Answer

Some jumbo lenders allow 10% down for strong borrowers. Expect higher reserves and credit score requirements at that down payment level.

Question 4

Do jumbo loans require PMI?

Accepted Answer

Most jumbo lenders don't charge PMI — they offset risk through stricter qualification standards and larger down payments instead.

Question 5

Which loan is faster to close?

Accepted Answer

Conventional loans close faster on average. Jumbo underwriting is manual and takes more time — plan for a longer timeline.

Question 6

Can I get a jumbo loan if I'm self-employed?

Accepted Answer

Yes, but expect to document two years of tax returns and business financials. Jumbo lenders scrutinize income harder than conventional lenders do.

Conventional vs Jumbo Loans in Rohnert Park, CA