Jumbo Loans in Stockton

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Need to borrow more than the Fannie Mae and Freddie Mac conforming loan limits permit? In that case, you will need a jumbo mortgage to purchase the home of your dreams in Stockton or the surrounding region.

You might think that a jumbo mortgage will carry a significantly higher interest rate than a conventional home loan. But if you qualify for a competitive jumbo mortgage, that does not need to be the case. You may be surprised by just how affordable a Stockton jumbo mortgage can be.

Who Should Apply for a Jumbo Loan in Stockton?

A jumbo mortgage is right for you if you need to borrow more than is possible with conventional financing. As the upper limits for conforming loans are set individually for each county, you need to find out what those limits are for the county where the home will be located.

Stockton is the county seat of San Joaquin County. The conforming loan limits for the county are the same as the baseline limits for California in 2019. They are as follows:

1 UNIT:

$484,350

2 UNITS:

$620,200

3 UNITS:

$749,650

4 UNITS:

$931,600

If you are shopping for a home in a higher-cost county nearby, the conforming loan limits may be higher as well. As an example, the San Francisco County conventional loan limits are:

1 UNIT:

$726,525

2 UNITS:

$930,300

3 UNITS:

$1,124,475

4 UNITS:

$1,397,400

When you apply for a mortgage, we can tell you based on the county where you are purchasing a home whether to apply for a conventional or jumbo home loan.

How to Qualify for a California Jumbo Loan

Eligibility for a jumbo mortgage in Stockton or elsewhere in California is determined by a stricter version of the same criteria which are applied to conventional mortgages.

As you are borrowing more money, you need to present a more competitive risk profile as a borrower than you would for a conforming loan. You will need a strong credit score and DTI ratio.

You will need to have the home appraised twice in many cases instead of the one time typically required for a conventional mortgage.

You must have the ability to make a down payment ranging up to 30%.

Documentation is necessary to prove six months or more of cash reserves.

What Our Clients Are Saying

Vanessa Medina
Vanessa Medina
17:18 07 Oct 19
I had an AMAZING first-time home buying experience with H.O.M.E Lending! Don Burns and his assistant Paula were a joy to work with and made every step of the way extremely easy and stress free. I loved that I was kept informed through each step as progress was made, and I felt like my experience was customized, rather than feeling like "just another client." I will definitely be bringing my business back in the future! Still in awe with my home and the treatment I was given!read more
Ashley Acker
Ashley Acker
16:57 04 Oct 19
Don and his team will do everything possible to get you in a home you truly love! They are excellent at prompt communication, and were so kind and patient while we asked a million questions about the homebuying process. Few things are more stressful than buying your first home, and Don and Paula were so great and made it so easy. Don kept us aware of the rates and made sure to lock in our loan when rates were the best for us. He is an excellent agent, broker, and lender, and has SO much knowledge about every single step of the process! Thanks so much, Don and team!read more
Christy Werner
Christy Werner
16:44 15 Sep 19
Don and his staff at H.O.M.E. Lending went far above and beyond to assist me with a (by no fault of theirs) complicated sale of my home and purchase of a new home. Had it not been for Don and his staff, I would not be sitting happily in the home of my dreams right now. Don was a wealth of knowledge and a huge support throughout the entire transaction. His staff was professional, pleasant and amazing to work with. I will, without reservation, be recommending H.O.M.E Lending to my friends and family. I am very grateful that I found H.O.M.E. Lending.read more
Kevin Goehring
Kevin Goehring
19:13 11 Sep 19
I met Don Burns when he represented a buyer for a property I had listed. I was very impressed with Don's communication, professionalism, and attention to detail. In fact, I was so impressed with Don and the H.O.M.E Lending team that I have referred several of my clients to them for their refinance and purchase money needs. These referrals have all been pleased with the service and low rates. I have been equally as happy with the quick and easy closing and outstanding communication throughout the process. I have found that Don and the H.O.M.E Lending team actually care about their clients and offer a personal touch not found with the big banks.read more
Shari Cardenas
Shari Cardenas
20:08 20 Aug 19
Don Burns and company, we're all Amazing! Never had hubby and I thought we'd own. Don helped us with plan to pay credit and get a loan! I'm sitting in my new beautiful forever home!!! Thanks guys!
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Apply for a Competitive Jumbo Mortgage in Stockton Now

If you think that a jumbo mortgage in Stockton may be what you need, H.O.M.E. Lending is here to make the process as simple as possible and to bring you interest rates which are competitive. To schedule your jumbo mortgage consultation in California, please call (209) 477-0262 or email info@gethomelending.com.

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