Jumbo Loans
in Oakhurst, CA

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Housing in Oakhurst is quite affordable, even with the town’s close proximity to Yosemite National Park. Nevertheless, you may be in the market for a home which you cannot finance using a conventional home loan.

At times like that, you need a Jumbo loan.

What is a Jumbo Loan?

A jumbo mortgage allows financing beyond the Fannie Mae and Freddie Mac limits for conforming loans. This allows you to purchase a more expensive property than would be possible through conventional financing.

Do You Need a Jumbo Loan in California?

To determine whether a jumbo mortgage is necessary for your home purchase, you will need to familiarize yourself with the conforming loan limits in the area.

As conforming loan limits are different from county to county, you will need to look up what the limits are for the county where you are shopping for a home.

In Madera County, where Oakhurst is located, the conforming loan limits are:

1 UNIT

$484,350

2 UNITS

$620,200

3 UNITS

$749,650

4 UNITS

$931,600

These are also the conforming loan limits for Fresno County.

Conventional loan limits are higher in some of the nearby counties with more expensive housing.

In San Francisco County and Santa Clara County, for instance, the conventional loan limits are:

1 UNIT

$726,525

2 UNITS

$930,300

3 UNITS

$1,124,475

4 UNITS

$1,397,400

If the amount of money you need to borrow to finance your home purchase exceeds the conforming loan limits for the county where the home is located, then a jumbo loan is appropriate.

How Do You Qualify for a Jumbo Mortgage in Oakhurst?

When you apply for a conventional mortgage, these factors will be assessed to determine your eligibility:

Two appraisals of the home you plan to buy are required.

Your cash reserves and assets will be considered.

You must be steadily employed in your profession.

Your down payment requirement may be higher than it would be for a corresponding conventional loan, though there are exceptions.

You will need a reasonably high credit score and DTI ratio since a jumbo loan imposes more risk than a conventional loan.

Apply for a California Jumbo Mortgage Today

When you apply for a jumbo loan in Oakhurst or elsewhere in California, we work hard to qualify you for a competitive jumbo loan. To schedule your consultation today, please call 559-540-2275. Let’s get you into your dream home.

Get Pre-Approved Today!

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Granite West Funding, LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

Melissa De Graaff

21:27 17 Oct 24

We cannot say enough wonderful things about working with Eric Wood at Granite West Funding. We went into the situation not knowing much about the process. Eric helped us (while educating us) every step of the way!! We highly recommend Eric and his entire team, they were all fantastic, hardworking and a very kind group of people!!

Krissi O

13:52 08 Jul 24

Granite West has been our "go to" on several occasions and never disappoint! Quick results and always professional! Highly recommend!!!

Tammi Chumney

17:22 14 Feb 23

My husband and I just bought our first investment property and it is fabulous!!It was a very unique situation that demanded a lot of precise attention to details. Eric Wood was there every step of the way! Him and his team at Granite West funding are amazing professionals and very kind hearted people to work with. :) I just can’t say enough about our seamless experience with Eric Wood. Thank you to Jackie as well! We will be a regular clients for future investments and lending needs. Big thank you to you all from the Chumney’s!!

Sherry Andersen

01:02 10 Feb 23

We just finished a deal with Eric Wood and he was great to work with. He was extremely helpful and always responded quickly to our calls, texts or emails. I have worked with many people in the lending industry and can tell you that everyone at Granite West Funding is good at what they do. They had several options available for us and they handled our financing as if they were doing it for themselves or a loved one.Thank you Granite West Funding for making each of our transactions go quickly and smoothly!

Melissa McGregor

15:23 18 Nov 19

We recently executed a long distance purchase of a Condominium at Bass Lake, from the Los Angeles area. Granite West Funding handled our funding and walked us through the process via phone calls, text messaging and e-document signing, all of which helped get us closed in 30 days. Even with a snafu in the execution of escrow, Granite West Funding went above and beyond to resolve our problem in a more than satisfactory manner! These professionals care about their clients and their business reputation, and it showed! Thank you Granite West Funding!

Jumbo Loansin Oakhurst, CA