Jumbo Loans

Mortgage loans for higher-end home purchases

Jumbo Loans

Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are often higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Jumbo Loans require a higher down payment than traditional loans.

The maximum conforming loan limits have gone up in California for 2020. In most counties the max limit for a single family home is $510,400 but for higher priced areas like the San Francisco Bay Area the maximum conventional loan limit is $765,600. Any loan above these loan limits would fall into the Jumbo Loan category.

We do Jumbo purchase and refinance loans in some of Northern California’s higher end Real Estate markets like El Dorado Hills, San Jose, and the San Francisco Bay Area.

Below are 2020 Conventional Loan limits for some of the counties we do purchase and refinance loans in:

County1-Unit2-Unit3-Unit4-Unit
BUTTE$484,350$620,200$749,650$931,600
EL DORADO$552,000$706,650$854,200$1,061,550
FRESNO$484,350$620,200$749,650$931,600
GLENN$484,350$620,200$749,650$931,600
HUMBOLDT$484,350$620,200$749,650$931,600

Your next home loan is a phone call away!

Give Tim a call at (530) 624-6964