We help California homebuyers secure financing for high-value homes that exceed conventional loan limits. With a Jumbo Loan, you can buy luxury or high-priced properties with competitive interest rates, flexible terms, and personalized lending solutions tailored to your financial goals.
Jumbo Loans in California
About
What Is a Jumbo Loan?
A Jumbo Loan is a mortgage designed for properties that exceed the standard conforming loan limits set by Fannie Mae and Freddie Mac. In California, where home prices are higher than the national average, jumbo loans allow qualified buyers to finance homes above $766,550 (limit varies by county). Because these loans are not government-backed, they require strong credit, stable income, and larger down payments, but they also offer flexibility and competitive rates for well-qualified borrowers.
You may qualify for a Jumbo home loan if you meet the following criteria:
- Loan Amount: The total loan exceeds the local conforming limit (typically $766,550+).
- Credit Score: Minimum 700 or higher preferred.
- Down Payment: At least 10–20%, depending on loan amount and profile.
- Debt-to-Income Ratio (DTI): Generally below 43%.
- Income & Assets: Proof of consistent income and strong financial reserves.
- Property Type: Can be used for primary homes, vacation homes, or investment properties.
Benefits
Benefits of a Jumbo Loan
Higher Loan Limits
Finance luxury or high-value homes above conforming limits.
Flexible Property Options
Buy primary, secondary, or investment properties.
Competitive Interest Rates
Rates often comparable to conventional loans.
Custom Loan Terms
Choose fixed or adjustable terms to fit your strategy.
No Private Mortgage Insurance (PMI)
Typically not required, even with less than 20% down.
Refinancing Options
Refinance your existing jumbo loan for better terms later.
Types
Types of Jumbo Loans We Offer
Fixed-Rate Jumbo Loan
Best For: Long-term homeowners
Highlights: Stable payments with 15–30 year terms
Adjustable-Rate Jumbo Loan (ARM)
Best For: Short-term buyers
Highlights: SLower initial rate for 5–10 years
Jumbo Refinance Loan
Best For: Existing homeowners
Highlights: Lower your rate or cash out home equity
Interest-Only Jumbo Loan
Best For: High-income buyers
Highlights: Pay interest only for a set period to manage cash flow
Comparison
Jumbo Loan vs. Conventional Loan
Jumbo Loan
- Loan Limit: Above $766,550
- Down Payment: 10–20%
- Credit Score: 700+
- PMI Required: No
- Property Type: Primary, secondary, or investment
- Interest Rates: Competitive
- Documentation: More detailed
Conventional Loan
- Loan Limit: Up to $766,550 (varies by county)
- Down Payment: 3–20%
- Credit Score: 620+
- PMI Required: Yes (if <20% down)
- Property Type: Any
- Interest Rates: Competitive
- Documentation: Standard
FAQs
Frequently
Asked Questions
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
What’s the current jumbo loan limit in California?
It varies by county. In most high-cost areas, it’s $766,550 and higher.
Can I use a jumbo loan for a second home?
Yes! Jumbo loans can be used for vacation or investment properties, not just primary residences.
Do jumbo loans have higher interest rates?
Not necessarily. With strong credit and income, rates can be similar to conventional loans.
Can I refinance my jumbo loan later?
Yes, you can refinance to lower your rate or change your loan type anytime.
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
JL Lending Team
Why Choose Us for Jumbo Loans?
Local Experts
Serving California’s veterans with deep knowledge of the state’s housing market.
Fast, Tech-Enabled Process
Apply, upload documents, and track your loan online.
Personalized Guidance
We’re not tied to one lender — we find the best loan for you.
Contact Us
Ready to Get Started with Your Jumbo Loan?
Buying a high-value home in California doesn’t have to be complicated. Let JL Lending Team help you secure the financing you need with competitive jumbo loan options and expert guidance every step of the way.
Start today and get pre-approved for your California jumbo loan.