Question 1

What loan amount triggers jumbo in Ventura County?

Accepted Answer

Any loan above the FHFA conforming limit for Ventura County requires jumbo financing. That threshold adjusts periodically, so confirm the current limit before structuring your offer.

Question 2

Do jumbo loans require a larger down payment?

Accepted Answer

Most jumbo lenders require 10-20% down. Some programs allow less, but they come with stricter credit and reserve requirements.

Question 3

Can I use a jumbo loan to buy a rural Ojai estate?

Accepted Answer

Yes, but lender appraisal requirements are strict. Rural properties with limited comparable sales require lenders experienced with Ventura County rural valuations.

Question 4

Are jumbo rates higher than conforming rates?

Accepted Answer

Not always. Jumbo rates sometimes run below conforming rates for strong borrowers. Rates vary by borrower profile and market conditions.

Question 5

Can I get a jumbo ARM instead of a fixed rate?

Accepted Answer

Yes. Jumbo ARMs are popular with buyers who plan to sell or refinance within 5-10 years. They often carry lower initial rates than fixed jumbo loans.

Question 6

Why use a broker instead of a bank for jumbo in Ojai?

Accepted Answer

Banks offer one set of jumbo guidelines. A broker shops across many wholesale lenders to find better pricing and more flexible underwriting.

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