What are the Requirements for a Jumbo Home Loan?
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Every loan application is weighed and reviewed on its own merit. However, there are some general requirements that most borrowers must meet in order to qualify for a jumbo home loan in California. In order to qualify for a jumbo home loan, you'll typically need 10-20% for a down payment, and a credit score above 680. In addition, your debt to income ratio typically needs to be 50% or less. Speak with a top SoCal mortgage broker for more details.