Question 1

What is the jumbo loan threshold in Ventura County?

Accepted Answer

Any loan exceeding the FHFA conforming limit requires jumbo financing. In Ventura County, that line shifts annually — confirm the current limit before you shop.

Question 2

Can I get a jumbo loan with 10% down in Camarillo?

Accepted Answer

Yes, some lenders allow 10% down on jumbo. Expect PMI or a slightly higher rate, and you'll need strong credit and reserves.

Question 3

Are jumbo rates always higher than conforming rates?

Accepted Answer

Not always. The gap has narrowed significantly. On large balances, getting a lower jumbo rate can outperform a conforming piggyback structure.

Question 4

How long does a jumbo loan take to close?

Accepted Answer

Plan for 30-45 days. Jumbo underwriting is more detailed. Having clean docs ready upfront keeps the timeline tight.

Question 5

Do jumbo loans require two appraisals?

Accepted Answer

Some lenders require two appraisals above certain loan amounts. It depends on the lender's internal guidelines, not a universal rule.

Question 6

Can self-employed buyers get jumbo loans in Camarillo?

Accepted Answer

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.

Jumbo Loans in Camarillo, CA — Finance What Conforming Can't