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What is considered a Jumbo Loan in Fresno?

This page updated and accurate as of January 20, 2025

Fresno is a lively city located in central California. It is the fifth-largest city in the state and home to just over 500,000 residents. Fresno was founded in 1872 as a railway station of the Central Pacific Railroad and has since grown into a bustling cultural hub.

The city boasts an eclectic mix of urban amenities and natural beauty, making it a popular destination for both residents and tourists alike. With its Mediterranean climate, visitors can enjoy warm summers and mild winters year-round.

The real estate market in Fresno has been doing well in recent years. In fact, home prices were up 7.8% compared to last year, selling for a median price close to $400K. On average, homes in the area sell after 26 days on the market, compared to 39 days last year.

The current conforming loan limit in Fresno County is $806,500 for a standard 1-unit property. * Please see the chart below for muti-unit properties. Based on the current $400K median home price, a standard conforming or FHA loan will be suitable for most homebuyers.

FRESNO COUNTY 1-unit

$806,500

 2-unit

1,032,650

 3-unit

$1,248,150

 4-unit

$1,551,250

But some buyers in more expensive locations like Woodward Park, The Bluffs, etc, may require higher loan amount exceeding the conventional loan limits above. In these cases, Jumbo financing may be required.

What is considered a Jumbo Loan in Fresno?

A Jumbo loan again is any mortgage amount that exceeds the basic conforming loan limits. These limits do vary based on the County, but Fresno and all surrounding counties like Madera, King, Tulare County are the same. In some high-cost coastal locations in California, the limits can be as high as $1,209,750. *Please note, this is based on the actual loan amount financed with the bank or lender, not the purchase price of the property.

Jumbo loan options are available up to $4,000,000 with even larger amounts available with a Super Jumbo. The loan cap, credit score and reserve restrictions depend greatly on the down payment. No private mortgage insurance is required, even when putting down less than 20%.

Questions? Please connect with us 7 days a week by submitting the Quick Request Form on this page.

Jumbo Mortgage Down Payment & Loan Cap: 

  • 95% financing is available to approved buyers for loan amount up to $1.7m. Credit score average should be over 680, with no serious derogatory credit in the previous three years.
  • 90% financing is available to approved buyers for loan amounts up to $2.5m. Credit score average should be over 680, except where loans exceed $2m. In this case, 700+ credit should be maintained.
  • 85% financing is available up to $3.0m. Required credit will vary based on actual loan amount.
  • Higher loans available with greater down payments of 20% or more.

Standard Financing Requirements:

  • 95% financing applies strictly to owner occupied homes. Vacation homes are allowed with 10% or more down payment.
  • Single family, town homes and most condos are eligible. Vacant land or investment property is not permitted.
  • Buyers financing over $1m should have some payment reserves (assets remaining after closing) The number of payment reserves will depend on down payment and loan amount chosen. Reserve requirements can be met with non-liquid retirement accounts – IRA, etc.

Additional Jumbo Programs: 

  • Self employed buyers have bank statement qualifying programs available. These programs allow self-employed buyers to qualify for a jumbo loan using their actual bank statements deposit average instead of tax returns. The buyer must have at least 12–24 months of self-employed income and may be required to provide additional documentation.
  • Qualified Veterans have 100% financing available for larger amounts with the VA Jumbo loan. This is a fantastic opportunity for those who have served in the military and may not be aware of this beneficial program. No down payment and no PMI required for loans up to $2m. Even higher loans available with a slight down payment.

Buyers that have questions, or just want to learn more can reach out to by calling the number above, or just submit the Quick Request Form on this page.