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Jumbo Loans in Davis
What's the monthly payment on a $1,100,000 jumbo loan at 5.875%?
At 5.875% APR on a $1,100,000 loan, the principal and interest payment is $6,507 per month. This assumes a 740 FICO, 80% LTV, primary residence, 30-year fixed, 30-day lock as of August 21, 2026.
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Davis voters approved Measure V in June 2026, clearing the way for Village Farms housing to address the city's shortage. At 5.875%, a $1,100,000 jumbo loan carries a $6,507 monthly payment for principal and interest alone.
The county's median household income of $88,818 stretches further here than in coastal California. Jumbo buyers in Davis typically put 20% down and carry strong credit to qualify.
5.875%
Interest Rate
$6,507
Monthly P&I
740
FICO Minimum
20% ($275,000)
Down Payment
6-12 months
Reserves Required
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Jumbo loans require 740 FICO or higher and typically 20% down on a primary residence. Lenders want to see solid reserves—usually six to twelve months of housing payments in liquid savings.
Davis jumbo buyers often earn well above the county median of $88,818. A $1,100,000 loan at $6,507 monthly demands stable, documented income to clear debt-to-income limits.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Davis.
Davis voters approved Measure V in June 2026, clearing the way for Village Farms housing to address the city's shortage. At 5.875%, a $1,100,000 jumbo loan carries a $6,507 monthly payment for principal and interest alone.
The county's median household income of $88,818 stretches further here than in coastal California. Jumbo buyers in Davis typically put 20% down and carry strong credit to qualify.
Jumbo loans require 740 FICO or higher and typically 20% down on a primary residence. Lenders want to see solid reserves—usually six to twelve months of housing payments in liquid savings.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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Jumbo lenders in California are selective. Most require portfolio strength, strong reserves, and documented income—no stated-income or bank-statement programs at this loan size.
Closing timelines run 17 to 21 days for jumbo. Appraisals are more rigorous, and some lenders impose additional overlays on credit or employment history.
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Jumbo makes sense in Davis when you're buying above $832,750 and have the reserves to prove it. The 5.875% rate is competitive, but the real cost is the down payment—$275,000 on a $1,375,000 home is substantial.
Below $832,750, conventional financing costs less in rate and carries looser reserve rules. Above $832,750, jumbo is your only path, so the question isn't whether to use it—it's whether the property and your finances align.
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Conventional loans top out at $832,750 in 2026. Jumbo rates run roughly 0.25% to 0.5% higher, but you're buying a $1,375,000 home—conventional simply doesn't exist at this price.
The real comparison is jumbo versus waiting to save more for a lower price. At 5.875%, the monthly payment is fixed. Waiting costs you time in a market where Measure V is opening new inventory.
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Measure V passed in June 2026, opening Village Farms Davis—a major housing development designed to ease the city's shortage for younger families. New inventory means more choice and potentially steadier home values.
Davis is home to UC Davis and a strong agricultural economy. The county's median household income of $88,818 reflects a mix of university staff, farming families, and tech workers—all demographics that support long-term property appreciation.
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Jumbo lending in California remains steady despite higher rates. Lenders focus on borrowers with strong reserves and documented income—the fundamentals matter more than credit score alone.
Davis attracts jumbo buyers because of UC Davis, stable employment, and the county's median household income of $88,818. Measure V's approval signals confidence in the local market and future home values.
FAQ
At 5.875% APR on a $1,100,000 loan, the principal and interest payment is $6,507 per month. This assumes a 740 FICO, 80% LTV, primary residence, 30-year fixed, 30-day lock as of August 21, 2026.
Yes. Jumbo lenders typically require 20% down minimum. On a $1,375,000 purchase, that's $275,000 at closing. Lower down payments are rarely available in the jumbo market.
Most jumbo lenders require 740 FICO or higher. Some may go to 720 with strong reserves and income. The higher your score, the better your rate and terms.
Plan on six to twelve months of housing payments in liquid savings. On a $6,507 monthly payment, that's roughly $39,000 to $78,000 set aside. Lenders verify these funds before closing.
Jumbo closings typically take 17 to 21 days. Appraisals are more detailed, and underwriting is stricter than conventional. Plan for a longer timeline than a standard loan.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
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17-21 day typical close
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Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
Side-by-side comparisons to help you choose the right mortgage program.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.