Question 1

What is the conforming loan limit in Yolo County?

Accepted Answer

The FHFA sets conforming limits annually. Anything above that threshold in Yolo County requires a jumbo loan.

Question 2

Do jumbo loans always have higher rates than conventional?

Accepted Answer

Not always. Jumbo rates vary widely by lender. Shopping across multiple lenders is critical — that's exactly what we do.

Question 3

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders want 700 or above. Some go higher. Conventional loans are more forgiving, starting at 620.

Question 4

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

Accepted Answer

Some lenders allow 10% down on jumbos, but it's rare. Expect stricter terms with less down. Conventional allows as low as 3%.

Question 5

Which loan closes faster — conventional or jumbo?

Accepted Answer

Conventional loans typically close faster. Jumbo underwriting involves more scrutiny, which adds time to the process.

Question 6

Can I get a jumbo loan if I'm self-employed?

Accepted Answer

Yes, but it's harder. Jumbo lenders scrutinize income closely. You'll need two years of tax returns and strong bank statements.

Conventional vs Jumbo Loans in Woodland, CA