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Tehama's housing market sits above the conforming limit at $1.375M for a typical premium property. A jumbo 30-year fixed at 6.375% on $1.1M carries a $6,863 monthly payment for principal and interest alone.
Jumbo loans require tighter underwriting than conventional mortgages. Lenders expect 20% down minimum, a 740+ FICO score, and documented reserves. The tradeoff is access to properties beyond the $832,750 conforming cap that dominates most California markets.
6.375%
Interest Rate
$6,863
Monthly P&I
740+
FICO Required
20% ($275K)
Down Payment
35-45 days
Closing Timeline
Jumbo Loans in Tehama
Jumbo loans in Tehama start at 700 FICO, though 740+ is standard. You'll need 20% down ($275,000 on a $1.375M purchase). Lenders want 6-12 months of liquid reserves after closing.
Tehama County's median household income is $61,834 annually. A $1.375M purchase stretches that income significantly—you're relying on a co-borrower or substantial non-W2 income.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Tehama.
Tehama's housing market sits above the conforming limit at $1.375M for a typical premium property. A jumbo 30-year fixed at 6.375% on $1.1M carries a $6,863 monthly payment for principal and interest alone.
Jumbo loans require tighter underwriting than conventional mortgages. Lenders expect 20% down minimum, a 740+ FICO score, and documented reserves. The tradeoff is access to properties beyond the $832,750 conforming cap that dominates most California markets.
Jumbo loans in Tehama start at 700 FICO, though 740+ is standard. You'll need 20% down ($275,000 on a $1.375M purchase). Lenders want 6-12 months of liquid reserves after closing.
Jumbo lending in California is dominated by portfolio lenders and correspondent banks. Retail chains rarely hold jumbo mortgages on their books.
Jumbo closings typically run 35-45 days. Appraisals are more rigorous—lenders order full inspections and may require a second appraisal on properties above $1.5M. Underwriting is slower because each file gets manual review.
Jumbo loans make sense in Tehama when you're buying a premium property that justifies the $1.375M+ price. Below $1.2M, conventional financing is cheaper and faster.
The real decision point is whether your income and reserves support the loan. At $61,834 county median income, most jumbo buyers here have substantial assets or business income. If you're stretching to qualify, the jumbo rate at 6.375% compounds the risk.
A conventional loan maxes out at $832,750 in Tehama. If your purchase is $1.375M, you have two paths: jumbo fixed-rate or a piggyback structure (80% conventional + 10% second mortgage).
Jumbo simplifies the math—one payment, one rate, one lender. The rate runs higher than conforming, but you avoid the complexity and potential rate mismatch of a piggyback. For a $1.375M purchase, jumbo is cleaner than splitting the financing.
Tehama County's population is 65,520. The market is tight and rural. Premium properties above $1.375M are rare—when they appear, they're often land-heavy or have unique features (orchards, water rights, acreage).
Schools and infrastructure in Tehama are county-level concerns, not city-specific. Buyers at the jumbo price point often prioritize privacy and land over school districts.
At 6.375% on a $1.1M loan, principal and interest run $6,863 monthly. That's before taxes, insurance, and HOA fees. The full scenario: $1.375M purchase, $275K down, 80% LTV, 740 FICO, 30-day lock, priced April 8, 2026.
Yes. Jumbo lenders require 20% down minimum ($275,000 on a $1.375M purchase). Some lenders go to 15% with 740+ FICO and strong reserves, but 20% is the standard floor. Less than 20% down and you're outside jumbo lending.
Minimum 700 FICO, but 740+ is standard. At 700-739, you'll face rate adjustments and tighter reserve requirements. Most jumbo lenders won't touch below 700. Employment and asset stability matter as much as the score.
35-45 days is typical. Jumbo appraisals take longer because lenders order full inspections and may require a second appraisal. Underwriting is manual, not automated. Plan for a slower process than conventional loans.
Jumbo is simpler—one rate, one payment, one lender. Piggyback splits the loan (80% conventional + 10% second), which avoids jumbo underwriting but creates two payments and potential rate mismatch. Jumbo is cleaner for this price point.