Question 1

What is the jumbo loan threshold in Ventura County?

Accepted Answer

Anything above $806,500 is jumbo in Ventura County for 2025. That limit applies to Fillmore like every other city in the county.

Question 2

Do jumbo loans require a larger down payment?

Accepted Answer

Most jumbo lenders want 10-20% down. Conventional loans can go as low as 3% for qualified buyers.

Question 3

Are jumbo loan rates higher than conventional rates?

Accepted Answer

Not always — jumbo rates can be competitive. They move independently of conforming rates, so compare both. Rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 700 or higher. Conventional loans can work with scores as low as 620.

Question 5

Can I avoid PMI on a jumbo loan?

Accepted Answer

Yes — jumbo loans don't have PMI. You pay higher rates and stricter terms instead of a mortgage insurance premium.

Question 6

Which loan closes faster in Fillmore?

Accepted Answer

Conventional loans typically close faster. Jumbo files require more documentation review and can add time to underwriting.

Conventional vs Jumbo Loans in Fillmore, CA