Jumbo loans with 5 down payments are still available throughout California. These new low-down payment jumbo programs allow CA homeowners to take a mortgage loan that exceeds the conventional loan limits set by Fannie Mae or Freddie Mac.
With interest rates still reasonable some homeowners would like to consider a jumbo loan to get more house for their money. In addition, the 5% jumbo loan does not require monthly mortgage insurance like many other loans with a down payment below 20%. Below we take a brief look at the jumbo loan basics and discuss all the things you need to know.
First, a jumbo mortgage is a home loan that exceeds the typical lending limits of Freddie Mac and Fannie Mae, FHA or the Veterans Administration. Loans sold to either Fannie or Freddie are called conventional loans or conforming loans because the mortgage amount “conforms” to the underwriting guidelines and lending limit of these companies.
Loans above the following limits are called jumbo loans. Please find the complete county-by-county list of 2024 California Conforming Loan Limits at the bottom of this page. *Note – the new 2025 conforming loan limits will be increasing and posted at the end of Novemeber.
Most of the most popular CA cities are listed below. Again, any loan amount above the number listed below is classified as a “Jumbo” This applies to standard (1) unit properties:
San Francisco: $1,149,825
Los Angeles (LA & Orange County) $1,149,825
San Diego: $1,006,250
San Jose: $1,149,825
Fresno: $766,550
Sacramento: $766,550
Until recently, borrowers had to put 10-20% down if they wanted to purchase a home and borrow over the conventional loan limit. The 95% Jumbo mortgage with no monthly PMI is a great financing option for California borrowers who want to purchase a home or refinance.
This program will allow qualified buyers to purchase a home up to $2,000,000 (depending on county) with only 5% down and have the option of No monthly PMI. There are not many banks, lenders, or mortgage companies that offer this program today.
This is especially good for borrowers in higher-priced luxury markets like Orange County, LA, Santa Clara County, and San Francisco County, etc. After all, the Orange County median home listing price is currently $1,139,000 according to Zillow. San Francisco County is even higher at $1.25m, this represents a slight increase in most locations.
California Jumbo Loan Restrictions:
- 95% financing is only available for applicants who can fully document income, assets, etc. Reduced doc mortgages are available, but will require a greater 10%-15% down payment. Please learn more about bank statement qualifying loans for self-employed buyers.
- To obtain the max 95% financing, borrowers will need a 700+ credit score. 5% down payment loans above $1.5m loan amounts will require a 740 score.
- The program can be used to purchase a single-family home, townhome or condo.
- Investment property purchases are permitted but will require a slightly higher down payment of 20% or more.
- Jumbo rate-term, plus cash-out refinance options are available for homeowners who already have a high-cost mortgage.
- Jumbo interest rates can vary based on the term and credit score. Borrowers can choose between secure fixed rate options or adjustable rate terms (ARM)
- Applicants can choose an interest rate buy down or reduced closing costs options.
- Higher loan amounts are available. Up to 90% LTV financing to $3,000,000 with a 720+ credit score. Up to 85% LTV financing to $3.5mil +. Please contact us if you are financing over $4mil.
- Loans are typically structured as a first and second piggyback mortgage in order to avoid monthly PMI costs.
Have questions? Please call us at Ph: 800-962-0677 or just submit the Quick Contact Form on this page. We are available to serve you 7 days a week.
Jumbo Mortgage Source specializes in 95% jumbo loans throughout the U.S including CA: Oakland, Bakersfield, Anaheim, Santa Ana, Riverside, Stockton, Fremont, Irvine, Modesto
| COUNTY | 1- Unit | 2- Unit | 3- Unit | 4- Unit |
| ALAMEDA COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| ALPINE COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| AMADOR COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| BUTTE COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| CALAVERAS COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| COLUSA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| CONTRA COSTA COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| DEL NORTE COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| EL DORADO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| FRESNO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| GLENN COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| HUMBOLDT COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| IMPERIAL COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| INYO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| KERN COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| KINGS COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| LAKE COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| LASSEN COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| LOS ANGELES COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| MADERA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| MARIN COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| MARIPOSA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| MENDOCINO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| MERCED COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| MODOC COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| MONO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| MONTEREY COUNTY | $ 920,000 | $ 1,177,750 | $ 1,423,650 | $ 1,769,250 |
| NAPA COUNTY | $ 1,017,750 | $ 1,302,900 | $ 1,574,900 | $ 1,957,250 |
| NEVADA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| ORANGE COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| PLACER COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| PLUMAS COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| RIVERSIDE COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SACRAMENTO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SAN BENITO COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| SAN BERNARDINO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SAN DIEGO COUNTY | $ 1,006,250 | $ 1,288,200 | $ 1,557,150 | $ 1,935,150 |
| SAN FRANCISCO COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| SAN JOAQUIN COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SAN LUIS OBISPO COUNTY | $ 929,200 | $ 1,189,550 | $ 1,437,900 | $ 1,786,950 |
| SAN MATEO COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| SANTA BARBARA COUNTY | $ 838,350 | $ 1,073,250 | $ 1,297,300 | $ 1,612,250 |
| SANTA CLARA COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| SANTA CRUZ COUNTY | $ 1,149,825 | $ 1,472,250 | $ 1,779,525 | $ 2,211,600 |
| SHASTA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SIERRA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SISKIYOU COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SOLANO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SONOMA COUNTY | $ 877,450 | $ 1,123,300 | $ 1,357,800 | $ 1,687,450 |
| STANISLAUS COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| SUTTER COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| TEHAMA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| TRINITY COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| TULARE COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| TUOLUMNE COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| VENTURA COUNTY | $ 954,500 | $ 1,221,950 | $ 1,477,050 | $ 1,835,600 |
| YOLO COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
| YUBA COUNTY | $ 766,550 | $ 981,500 | $ 1,186,350 | $ 1,474,400 |
