Question 1

What is the jumbo loan threshold in Tehama County?

Accepted Answer

Tehama County follows the FHFA standard conforming limit. Any loan above that limit requires jumbo financing.

Question 2

Can I get a jumbo loan on a ranch or farm property in Corning?

Accepted Answer

Yes, but lender options narrow significantly. We specifically source lenders who handle rural and ag-adjacent collateral in Tehama County.

Question 3

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 700 or higher. Some programs for larger loan amounts push that to 720 or 740.

Question 4

How much cash reserves do jumbo lenders require?

Accepted Answer

Typically 12 months of mortgage payments in verified reserves. Some lenders require more based on loan size.

Question 5

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always. Jumbo and conforming rates have converged at times. Rates vary by borrower profile and market conditions.

Question 6

Is a fixed or adjustable rate better for a jumbo loan in Corning?

Accepted Answer

Depends on your timeline. If you plan to hold the property long-term, a fixed rate gives stability. ARMs work if your horizon is shorter.

Jumbo Loans in Corning, CA — When Conforming Limits Don't Cut It