JUMBO Loans in Granite Bay and Surrounding Areas
JUMBO Loans
If you’re shopping for a higher-priced home in Granite Bay, Folsom, or El Dorado Hills, a standard loan might not cut it. That’s where a JUMBO loan comes in. It’s designed for loan amounts that exceed conforming limits—giving you the flexibility to buy the home you really want, without compromise.
Is a JUMBO Loan Right for You?
Consider a JUMBO loan if:
- You’re purchasing a high-value home that exceeds the standard loan limits (currently $806,500 in most CA counties)
- You have strong credit and stable income
- You want to avoid splitting your loan into a first and second mortgage
This type of loan is ideal for luxury homes, custom builds, or higher-end properties in competitive markets like Granite Bay and Roseville.
How It Works
- Covers loan amounts above the conforming limit
- Typically requires a larger down payment (10%–20% or more)
- Often involves stricter underwriting criteria
- Available for primary homes, second homes, and investment properties
What You'll Need
- Excellent credit (typically 700+)
- Strong income and asset documentation
- Lower debt-to-income ratio (DTI)
- Appraisal that supports the purchase price
Why Work With Petersen Loans?
32 Years in Mortgages
Transparent & Disciplined
A Trusted Local Lender
Call to Learn More
Thinking big? Let’s make sure your mortgage matches. Call (916) 521-4235 to talk through your JUMBO loan options.