Question 1

What is the jumbo loan threshold in Ventura County?

Accepted Answer

Anything above $806,500 is jumbo in Ventura County. That limit applies to single-family homes in 2025.

Question 2

Are jumbo rates always higher than conventional rates?

Accepted Answer

Not always. Jumbo rates move on their own and sometimes come in lower. Rates vary by borrower profile and market conditions.

Question 3

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 720 or higher. Some go to 700, but you'll pay for it in rate.

Question 4

Can I put less than 20% down on a jumbo loan in Ojai?

Accepted Answer

Some lenders allow 10% down on jumbo. Expect stricter reserve and income requirements at lower down payments.

Question 5

Do conventional loans require mortgage insurance?

Accepted Answer

Yes, if your down payment is under 20%. PMI drops off once you hit 20% equity in the home.

Question 6

Which loan closes faster in Ojai?

Accepted Answer

Conventional typically closes faster. Jumbo loans involve more underwriting and can take longer to clear.

Conventional vs Jumbo Loans in Ojai, CA