Loading
Loading
Wheatland sits in Yuba County where $1.375M homes are the upper tier of the market. At 6.375%, a $1.1M jumbo loan carries a $6,863 monthly payment for principal and interest alone. That's the price of entry for serious buyers here.
Jumbo loans above the $832,750 conforming limit require tighter underwriting and proof of reserves. Most lenders want 700+ FICO, 20% down minimum, and six months of liquid assets on hand.
6.375%
Interest Rate
$6,863
Monthly P&I
700+ (740 typical)
FICO Required
20% minimum
Down Payment
6–12 months
Reserves
30 days
Lock Period
Jumbo Loans in Wheatland
Jumbo loans in Wheatland start at 700 FICO and require 20% down on the purchase price. At $1.375M, that's $275,000 down and a $1.1M loan. Yuba County's median household income is $73,313 — most jumbo buyers here earn well above that threshold.
Lenders will ask for six to twelve months of reserves after closing. That means liquid savings beyond your down payment and closing costs. A $1.375M purchase with standard closing costs and reserves typically requires $350K–$400K liquid before you close.
Local decision guide
Use this guide to connect jumbo loans eligibility, lender expectations, and local market factors before comparing payment options in Wheatland.
Wheatland sits in Yuba County where $1.375M homes are the upper tier of the market. At 6.375%, a $1.1M jumbo loan carries a $6,863 monthly payment for principal and interest alone. That's the price of entry for serious buyers here.
Jumbo loans above the $832,750 conforming limit require tighter underwriting and proof of reserves. Most lenders want 700+ FICO, 20% down minimum, and six months of liquid assets on hand.
Jumbo loans in Wheatland start at 700 FICO and require 20% down on the purchase price. At $1.375M, that's $275,000 down and a $1.1M loan. Yuba County's median household income is $73,313 — most jumbo buyers here earn well above that threshold.
Jumbo lending in California is tighter than conforming. Retail banks and mortgage banks compete on rate and speed, but portfolio lenders often have more flexibility on reserves and employment history.
Most jumbo closings run 30–45 days. Underwriting is stricter — expect detailed asset verification, employment letters, and possibly appraisals that take longer. The upside is that once you're approved, the rate locks in and doesn't move.
Jumbo loans make sense in Wheatland when you're buying above $832,750 and have the reserves to prove it. Below that, conventional financing is cheaper and faster. The 6.375% rate here reflects the jumbo premium — expect 0.25–0.5% higher than conforming rates.
The real win is certainty. If you have 20% down and six months reserves, a jumbo approval is solid. You're not fighting PMI or loan-size limits. For $1.375M properties in Yuba County, that's often the only path.
Conventional loans max out at $832,750 in Yuba County. Above that, you're forced into jumbo territory. Jumbo rates run higher than conventional, but there's no alternative for $1.375M purchases — you either go jumbo or you don't buy.
The real comparison is down payment. Conventional allows 5–10% down with PMI. Jumbo demands 20% down, no exceptions. That extra $165K–$220K down payment is the cost of accessing the jumbo market in Wheatland.
Wheatland is a small agricultural community in Yuba County with limited inventory above $1M. Buyers at this price point often commute to Sacramento or the Bay Area for work. A 30-year jumbo lock at 6.375% gives you payment stability over a long holding period.
The county's median household income of $73,313 means jumbo buyers here are outliers — likely executives, business owners, or professionals relocating from higher-cost areas.
At 6.375% on a $1.1M jumbo 30-year fixed, principal and interest run $6,863/month. That's before property tax, insurance, and HOA.
Yes. Jumbo lenders require 20% down minimum. On a $1.375M purchase, that's $275,000. Some portfolio lenders may go to 15% down with exceptional credit and reserves, but 20% is the standard floor.
Most jumbo lenders start at 700 FICO. Competitive rates like the 6.375% shown here typically require 740+. Below 700, you'll face rate penalties or outright denial.
Jumbo lenders typically want 6–12 months of liquid reserves after closing. On a $1.1M loan, that's roughly $41K–$82K in savings beyond your down payment and closing costs.
Jumbo loans carry more risk for lenders — larger balance, fewer buyers, tighter underwriting. The 6.375% rate here reflects a 0.25–0.5% premium over conforming 30-year fixed rates. You pay for access to the jumbo market.