Loading
Loading
Thousand Oaks consistently ranks among Ventura County's most expensive markets. Homes here routinely push past conforming loan limits.
A jumbo loan covers anything above the FHFA conforming limit. In high-cost California counties, that threshold matters fast.
700–720
Min Credit Score
10–20%
Min Down Payment
43%
DTI Cap
30–45 Days
Est. Close Time
12 Months
Reserves Required
Jumbo Loans in Thousand Oaks
Jumbo lenders want a credit score of 700 or higher. Some go up to 720 as a hard floor — especially above $2M.
Expect to show 12 months of reserves after closing. Debt-to-income ratios tighten too, usually capped at 43%.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Thousand Oaks.
Thousand Oaks consistently ranks among Ventura County's most expensive markets. Homes here routinely push past conforming loan limits.
A jumbo loan covers anything above the FHFA conforming limit. In high-cost California counties, that threshold matters fast.
Jumbo lenders want a credit score of 700 or higher. Some go up to 720 as a hard floor — especially above $2M.
Jumbo loans aren't backed by Fannie or Freddie. Every lender sets their own rules — and those rules vary a lot.
We work with 200+ wholesale lenders. That means we can shop jumbo overlays, rates, and reserve requirements across dozens of options.
The biggest mistake jumbo buyers make is going straight to their bank. Retail banks have one jumbo product. We have dozens.
Appraisals on high-value Thousand Oaks homes can come in short. Build your timeline around that — and price your offer with it in mind.
A conforming loan stays below the FHFA limit and gets sold to Fannie or Freddie. It's cheaper to originate but won't cover most Thousand Oaks purchases.
ARMs are popular on jumbo loans. A 7/1 or 10/1 ARM can shave 50-75 basis points off your rate if you plan to move or refinance within a decade.
Thousand Oaks attracts physicians, executives, and business owners. That income profile — high but complex — is exactly what jumbo lenders scrutinize.
Self-employed buyers face extra layers. Lenders want two years of business returns and may average income conservatively. Plan your loan before April tax filings.
Most jumbo lenders require 10-20% down. Above $2M, expect 20-25% as a standard requirement.
Some lenders allow 680, but your rate will be higher. Most competitive jumbo pricing starts at 720 or above.
Not always. Jumbo rates sometimes track below conforming. It depends on the lender and your profile. Rates vary by borrower profile and market conditions.
Plan for 30-45 days. Complex income or high loan amounts can push that to 50 days.
No. Jumbo loans don't carry PMI. But lenders offset risk through stricter reserves and lower LTV requirements.
Some lenders allow it, but most want to see your own funds for at least part of the down payment. Ask us before assuming.