Jumbo Loans

We will help you understand your options so you can decide which loan will best fit your needs.

When the home of your dreams is in an extremely desirable higher-priced real estate market or your growing family demands a larger home, a jumbo loan may be right for you.

Jumbo loans are also considered non-conforming loans because they exceed the conforming loan limit of $417,000. Some counties may vary in conforming loan limits, so our experienced advisors will help you decide if your loan amount fits into the limits, or if a Jumbo loan is the right option for you.

Interest rates on jumbo loans tend to be higher due to the increased risk associated with larger loan amounts and because the loans can’t be sold to Freddie Mac or Fannie Mae on the secondary market. Some borrowers may choose to pay a larger downpayment to get their loan size below the conforming limit. Other borrowers are comfortable paying a higher monthly payment instead of putting the additional money down. For these borrowers with higher monthly income but less available savings, a jumbo loan is the perfect solution.

What You Need to Know

Jumbo loans are available in a variety of fixed and adjustable rate terms and
tend to have higher downpayment and cash reserve requirements. They’re for loans above the conforming loan limit up to $3 million. The exclusive community, the premium county, or the upgraded house to fit your growing family are all hallmarks of a jumbo loan.

Our loan advisors at Solano Mortgage will help you determine if your loan amount falls outside of the conforming limits. While piggyback second mortgages and larger downpayments could bring your loan amount down to conforming limits, you may choose to utilize a jumbo loan instead. We’ll help you understand your options so you can decide which loan will best fit your needs.

Request a Free Jumbo Loan Evaluation and Rate Quote

We’ll contact you with an evaluation.

100% Customer Satisfaction

Our goal is to provide 100% customer satisfaction. We do what it takes to keep our customers happy, to the best of our ability.