Question 1

What loan amount triggers a jumbo in Tulare County?

Accepted Answer

Any loan above the FHFA conforming limit for Tulare County requires jumbo financing. Check current limits before assuming your purchase qualifies as conforming.

Question 2

Are jumbo rates higher than conventional rates?

Accepted Answer

Often yes, but not always. Rates vary by borrower profile and market conditions — strong credit and reserves can close the gap.

Question 3

Can I use agricultural income to qualify for a jumbo?

Accepted Answer

Yes, but jumbo lenders require thorough documentation. Two years of tax returns showing consistent ag income is the baseline expectation.

Question 4

How much do I need to put down on a jumbo loan in Exeter?

Accepted Answer

Most jumbo lenders require 10-20% down. Some programs allow less with strong credit, but expect stricter reserve requirements at lower down payments.

Question 5

How long does a jumbo loan take to close?

Accepted Answer

Jumbo loans typically take longer than conforming loans — 30 to 45 days is realistic. Complex income or appraisal issues can extend that timeline.

Jumbo Loans in Exeter, CA — Finance High-Value Homes