Question 1

What credit score do I need for a jumbo loan in Davis?

Accepted Answer

Most lenders require 700 or higher. A score below that doesn't disqualify you, but expect fewer options and higher rates.

Question 2

How much do I need to put down on a jumbo in Yolo County?

Accepted Answer

Ten to twenty percent is typical. Some lenders go to 10% down with strong reserves and a high credit score.

Question 3

Can I use rental income to qualify for a jumbo loan?

Accepted Answer

Yes, but jumbo lenders are strict about documentation. Expect to show two years of reported rental income on tax returns.

Question 4

Are jumbo rates higher than conventional rates in Davis?

Accepted Answer

Not always. Jumbo and conforming rates are close right now. Rates vary by borrower profile and market conditions.

Question 5

Does Davis have many homes that require a jumbo loan?

Accepted Answer

Yes. Tight supply and strong university-driven demand push many Davis properties above conforming loan limits.

Question 6

Can self-employed buyers get jumbo loans in Davis?

Accepted Answer

Yes, but it's harder. Lenders use net income from two years of tax returns — not bank deposits or gross revenue.

Jumbo Loans in Davis, CA — Finance Beyond Conforming Limits