Question 1

Do many homes in Farmersville require a jumbo loan?

Accepted Answer

Very few. Most Farmersville homes price well below the conforming limit. Jumbo financing applies mainly to large rural or custom properties.

Question 2

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 700 or higher. Some programs go lower, but expect tighter terms and higher rates.

Question 3

Can I get a jumbo loan on agricultural land?

Accepted Answer

It depends on the property type and intended use. Mixed-use or working farms often require specialized programs outside standard jumbo.

Question 4

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

Accepted Answer

Plan for at least 10-20% down. Some lenders require more depending on loan size and borrower profile.

Question 5

Are jumbo rates higher than conforming rates?

Accepted Answer

Often yes, though the gap narrows with strong credit and larger down payments. Rates vary by borrower profile and market conditions.

Question 6

Why use a broker for a jumbo loan in a small market?

Accepted Answer

Local banks rarely carry competitive jumbo products in smaller markets. A broker with wholesale access finds options they simply cannot offer.

Jumbo Loans in Farmersville, CA — What You Need to Know