Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. The maximum Conventional Loan limit for a single family residence in Fresno, CA is $424,100.00. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes, and usually require a higher down payment than traditional loans.
Although minimum down payment is 10% you get a better interest rate with a 20% down payment.
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Even though I mainly do Jumbo Home Loans in Fresno CA, Clovis CA, Madera CA, and Sanger CA, I’m able to serve the entire state of California.