Jumbo loans in Sacramento - financing above the conforming limit.
When your purchase price pushes past the conforming loan limit (currently $832,750 in Sacramento County for a one-unit home, higher in some high-cost neighbors), you're in jumbo territory. Guidelines are stricter, but for well-qualified buyers rates today are competitive with conventional - and I'll structure the file so underwriting moves cleanly.
Short answerA jumbo loan in Sacramento is any mortgage above the 2026 conforming limit of $832,750 for a one-unit home. Expect 10-20% down, a 700+ credit score, 6-12 months of reserves, and no mortgage insurance requirement.
Jumbo loans in Sacramento at a glance
- When it applies
- Loan amount above $832,750 (2026, one unit)
- Typical down payment
- 10%-20%
- Minimum credit score
- 700+ typically (720+ for best pricing)
- Reserves required
- 6-12 months of payments
- Mortgage insurance
- Not required
- Typical time to close
- 25-35 days
Why Sacramento buyers choose Jumbo.
Is Jumbo right for you?
- Buyers purchasing higher-priced Sacramento-area homes (East Sac, Land Park, Granite Bay, El Dorado Hills, Folsom, Loomis, Auburn estates).
- Move-up buyers rolling significant equity into a larger home above conforming limits.
- Self-employed buyers with strong reserves who can document income through tax returns or bank statements.
- Buyers who want to keep cash invested and put 10-20% down instead of stretching to 20%+ on a high-balance conventional.
The Jumbo loan process, step by step.
- 01Pre-Approval & Asset ReviewJumbo underwriting looks closely at reserves - typically 6-12 months of PITI after close. We document upfront so there are no surprises.
- 02Rate Lock & DisclosuresLock your rate once under contract. Jumbo locks usually run 30-45 days.
- 03Full Documentation UnderwritingTwo years of tax returns, two months of bank/asset statements, and a full appraisal - often a second review appraisal on loans above $1M.
- 04Clear to CloseOnce underwriting signs off, we coordinate final loan docs with escrow and close on schedule.
Jumbo loans in Sacramento - FAQs.
What credit score do I need for a jumbo loan?+
Most jumbo programs want 700+, with the best pricing at 740+. A few investors will go to 680 with strong reserves and a larger down payment.
How much down payment is required?+
10% down is achievable up to about $1.5M with strong credit. 15-20% opens up more investors and better rates. Above $2M, plan on 20%+ down.
Are jumbo rates higher than conventional?+
Not necessarily. Pricing changes with the market and borrower profile, so I compare eligible conforming, high-balance, and jumbo options on the same day.
What about closing costs and fees?+
Closing costs are similar to a conventional loan - typically 2-3% of the loan amount. The main differences are a more thorough appraisal (sometimes two) and slightly higher title/escrow fees on larger loan sizes.
Do I need to document reserves?+
Yes. Most jumbo programs require 6-12 months of principal, interest, taxes, and insurance in reserves after close. Retirement accounts usually count at 60-70% of vested balance.
Can I use a jumbo loan for a second home or investment property?+
Yes - jumbo financing is available for second homes and investment properties, with somewhat higher down payment requirements (typically 20-25% for second homes, 25-30% for investment).