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Patterson sits in Stanislaus County, where home prices are rising faster than most people expect. Some properties here now push past conforming loan limits.
When a purchase price exceeds the FHFA conforming limit, you need a jumbo loan. That means stricter underwriting and a different lender pool entirely.
700 (720 preferred)
Min Credit Score
Above conforming limit
Loan Type
10–20% typical
Down Payment
30–45 days
Approval Timeline
12 months common
Reserves Required
Jumbo Loans in Patterson
Jumbo loans require a credit score of at least 700. Most lenders want 720 or higher for the best pricing. Rates vary by borrower profile and market conditions.
Expect to document everything. Two years of tax returns, W-2s or 1099s, and 12 months of bank statements are standard. Reserves of 12 months or more are common.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Patterson.
Patterson sits in Stanislaus County, where home prices are rising faster than most people expect. Some properties here now push past conforming loan limits.
When a purchase price exceeds the FHFA conforming limit, you need a jumbo loan. That means stricter underwriting and a different lender pool entirely.
Jumbo loans require a credit score of at least 700. Most lenders want 720 or higher for the best pricing. Rates vary by borrower profile and market conditions.
Retail banks offer jumbo loans, but their programs are limited. You get one shelf. At SRK CAPITAL, we shop across 200+ wholesale lenders to find real options.
Jumbo pricing varies wildly between lenders. A half-point rate difference on a $900,000 loan is thousands per year. Comparison shopping here actually matters.
We see jumbo deals fall apart for one reason more than any other: borrowers underestimate the reserve requirement. Start saving liquidity early.
Self-employed buyers in Patterson face extra scrutiny on jumbos. Lenders average two years of tax returns. A strong year one won't save a weak year two.
If your loan amount falls near the conforming limit, a conforming loan beats jumbo almost every time. Lower rate, easier approval, less documentation.
ARMs are worth a serious look on jumbos. A 7/1 ARM can price significantly lower than a 30-year fixed. If you plan to sell or refinance within seven years, run the numbers.
Patterson is a growing Central Valley community. Newer construction and larger lots push some purchases into jumbo territory, even at moderate price points.
Appraisals on jumbo loans in smaller markets like Patterson face more scrutiny. Lenders want tight comps. Unique or custom homes can slow the process.
Any loan amount above the FHFA conforming limit requires jumbo financing. Check the current limit before assuming your purchase qualifies as conforming.
Some lenders allow 10% down on jumbos. Expect PMI or a higher rate, and stricter credit requirements at lower down payment tiers.
Budget 30-45 days minimum. Appraisals in smaller markets take longer, and jumbo underwriting adds review layers that conforming loans skip.
Not always. In some rate environments, jumbos price close to or below conforming. It depends on lender appetite and your credit profile. Rates vary by borrower profile and market conditions.
It adds complexity, not necessarily a denial. Lenders average two years of net income from tax returns. Strong returns and clean books go a long way.
A broker shops your file across dozens of jumbo lenders at once. One bank shows you one product. The rate difference alone often justifies working with a broker.