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:
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:
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.