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Camarillo sits in a pocket of Ventura County where $1M+ homes are common. Conforming loans top out well below that.
When the purchase price exceeds the FHFA conforming limit, you need a jumbo loan. That's the reality for a lot of Camarillo buyers.
700–720 typical
Min Credit Score
10–20% common
Down Payment
12 months PITI
Cash Reserves
30–45 days
Avg Close Time
Fixed or ARM
Rate Type
Jumbo Loans in Camarillo
Jumbo lenders want a 700+ credit score. Some go to 680, but expect tighter terms and higher rates below 720.
Reserves matter more here than on conforming loans. Most lenders want 12 months of mortgage payments in savings after closing.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Camarillo.
Camarillo sits in a pocket of Ventura County where $1M+ homes are common. Conforming loans top out well below that.
When the purchase price exceeds the FHFA conforming limit, you need a jumbo loan. That's the reality for a lot of Camarillo buyers.
Jumbo lenders want a 700+ credit score. Some go to 680, but expect tighter terms and higher rates below 720.
Jumbo loans aren't bought by Fannie or Freddie. Each lender sets their own rules. Overlays vary dramatically across institutions.
We work with 200+ wholesale lenders. On jumbo deals, that access matters — one lender's decline is another's approval.
The biggest jumbo mistake I see: buyers go straight to their bank. Banks price for their portfolio, not your best deal.
On a $1.5M loan, a 0.25% rate difference is $375/month. Wholesale pricing through a broker closes that gap fast.
Some Camarillo buyers split the loan — one conforming, one second mortgage. This piggyback approach avoids jumbo pricing.
The math doesn't always favor the split. Run both scenarios. Jumbo rates have closed the gap with conforming in many cases.
Camarillo's established neighborhoods and proximity to tech and biotech employers create steady demand for high-value homes.
Appraisals are critical on jumbo loans. A low appraisal on a $1.2M purchase can kill the deal. Know your comps before you offer.
Any loan exceeding the FHFA conforming limit requires jumbo financing. In Ventura County, that line shifts annually — confirm the current limit before you shop.
Yes, some lenders allow 10% down on jumbo. Expect PMI or a slightly higher rate, and you'll need strong credit and reserves.
Not always. The gap has narrowed significantly. On large balances, getting a lower jumbo rate can outperform a conforming piggyback structure.
Plan for 30-45 days. Jumbo underwriting is more detailed. Having clean docs ready upfront keeps the timeline tight.
Some lenders require two appraisals above certain loan amounts. It depends on the lender's internal guidelines, not a universal rule.
Yes, but expect two years of tax returns and close scrutiny of write-offs. High write-offs reduce qualifying income — that's a real risk.