Jumbo Mortgage Loans in California
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- 5-Star Rated Jumbo Mortgage Broker in California
- High-Value Home Financing with Jumbo Loans
- Secure Financing for Your New Home
- Your Trusted Mortgage Experts
- Our Office is Located in Los Angeles
What type of property are you refinancing?
Single Family
Multifamily
Condominium
Townhouse
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
What type of property are you purchasing?
Single Family
Multifamily
Condominium
Townhouse
Are you a first-time home buyer?
Yes
No
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
Final Step
By clicking "Get My Quote" you certify that you read and completely agree with the Privacy Policy
Summary
| Description | Information | Quantity | Price |
|---|---|---|---|
| Discount : | |||
| Total : | |||
Jumbo Mortgage Loans in California
★ ★ ★ ★ ★
- 5-Star Rated Mortgage Broker
- Jumbo Loans for High-Value Homes
- Secure Financing for Your New Home
- Your Trusted Mortgage Experts
- Our Office is Located in Los Angeles
Irina Dyakun, CEO
What type of property are you refinancing?
Single Family
Multifamily
Condominium
Townhouse
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
What type of property are you purchasing?
Single Family
Multifamily
Condominium
Townhouse
Are you a first-time home buyer?
Yes
No
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
Final Step
By clicking "Get My Quote" you certify that you read and completely agree with the Privacy Policy
Summary
| Description | Information | Quantity | Price |
|---|---|---|---|
| Discount : | |||
| Total : | |||
What is a Jumbo Loan?
A jumbo loan in California is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In high-cost areas like Los Angeles, many homes require jumbo financing because prices sit above these limits.
2025 Conforming Loan Limits for Los Angeles County:
- Single-Family Home (1-unit): $1,209,750
- Two-Family Home (2-unit): $1,548,975
- Three-Family Home (3-unit): $1,872,225
- Four-Family Home (4-unit): $2,326,875
Pros and Cons of Taking a Jumbo Loan
A jumbo loan lets you finance higher-priced homes, luxury properties, and certain investment or vacation homes that exceed conforming limits.
Benefits of Jumbo Loans
🏡 Higher loan amounts: Finance high-value homes in competitive California markets such as Los Angeles, coastal areas, and the Bay Area.
💰 Competitive interest rates: Strong borrowers can often qualify for rates close to, or similar to, many conforming loans.
🔄 Flexible loan options: Choose from fixed-rate, adjustable-rate mortgage (ARM), and selected interest-only structures, depending on the lender.
Drawbacks of Jumbo Loans
📈 Stricter qualification: Lenders expect higher credit scores, lower debt-to-income ratios, and stronger overall profiles.
💲 Higher monthly payments: Large loan amounts lead to larger principal and interest payments.
📑 More documentation: Underwriting is detailed and usually includes full tax returns, bank statements, and proof of assets.
⚠️ Fewer lender options: Not all lenders offer jumbo loans, and those that do follow tighter guidelines.
Have Questions? Reach us out.
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
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On-line
Simply e-mail or use online-chat
How to Qualify for a Jumbo Loan?
Qualifying for a jumbo loan in California means meeting tighter standards than a typical conforming mortgage.
Credit Score
Most lenders look for a minimum score of around 700. Larger jumbo amounts often require 720 to 740 or higher. Better credit can also help secure a lower rate.
Appraisal
A professional appraisal confirms market value. For higher-priced homes, some lenders may request a second appraisal.
Additional Closing Fees
Closing costs commonly total about 2 percent of the purchase price and include lender, title, escrow, and recording fees.
Debt to Income Ratio
Most jumbo lenders cap the debt-to-income ratio at around 43 to 45 percent. A lower DTI improves approval chances and pricing.
Cash Reserves
Many programs require 6 to 12 months of total housing payments in reserves. Savings, checking, investment accounts, and some retirement funds can count toward this.
Documentation
Expect to provide one to two years of tax returns, recent W-2s or 1099s, and several months of bank and investment statements. Self-employed borrowers may also need business financials.
Down Payment
Most jumbo loans require at least 20 percent down. On a $1,500,000 home, that is a $300,000 down payment. A larger down payment can reduce your monthly payment and improve terms.
Applying for a Jumbo Loan in California
In Los Angeles County, the 2025 conforming limit for a one-unit home is $1,209,750. Any loan above this amount is treated as a jumbo loan.
If your purchase or refinance falls into jumbo territory, our Los Angeles-based jumbo mortgage broker team can help you compare options, estimate payments, and choose the right jumbo loan in California for your situation.
Jumbo Mortgage Loans in California FAQ
What is a jumbo mortgage loan?
A jumbo mortgage loan is a home loan that is larger than the local conforming loan limit set by the FHFA. In California, that limit is lower in standard-cost counties and higher in high-cost counties like Los Angeles. Any amount above the local limit is considered jumbo and follows non-conforming guidelines.
How do jumbo loans differ from conventional loans?
Jumbo loans are still conventional loans, but exceed conforming limits. They:
- Cover larger loan amounts
- Require stronger credit, lower DTI, and more reserves
- May have different rates and down payment rules than smaller conforming mortgages
What are the eligibility requirements for a jumbo mortgage loan in California?
Most jumbo lenders in California look for:
- Credit score around 700 or higher
- Debt-to-income ratio below about 43 percent
- Six to twelve months of reserves
- Stable, documented income
- Down payment around 20 percent or more
Exact numbers vary by lender, property type, and loan size.
What documentation is required to apply for a jumbo loan?
You can expect to provide:
- Recent pay stubs and one to two years of tax returns
- W-2s or 1099s
- Bank and investment account statements
- A credit report and employment or business verification
- A property appraisal for the home you buy or refinance
Are there specific down payment requirements for jumbo loans?
Yes. Jumbo loans usually require at least 20 percent down. Higher price points, second homes, and investment properties can require even more. A larger down payment may help reduce your rate and monthly payment.
How do interest rates for jumbo loans compare to those for conventional loans?
Jumbo loan rates can be slightly higher or close to conforming rates, depending on the market and your profile. Lenders look at your credit score, down payment, loan amount, property type, and reserves when setting your rate.
Can I use a jumbo loan for investment properties or second homes?
Yes. Many lenders allow jumbo loans for second homes and investment properties. These loans often come with higher down payments and reserve requirements than primary residences.
What are the potential drawbacks of obtaining a jumbo loan?
Main drawbacks include:
- Larger monthly payments
- Stricter credit, income, and reserve standards
- Potentially higher closing costs
- Fewer lender programs to choose from
How do I find the best jumbo loan rates in California?
Improve your profile by keeping credit strong, reducing debt, and planning for a solid down payment and reserves. Then compare offers from lenders that specialize in jumbo mortgages in California. A local jumbo mortgage broker like ID Mortgage Broker can help you review current jumbo rates, compare programs, and negotiate terms.
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