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Mortgage Broker Oakhurst CA | Home Loans | Granite West Funding

If you are looking for a competitive loan for home purchase, refinance or construction in Oakhurst or anywhere in the state of California, Granite West Funding can connect you with a loan suitable for your needs.

Call Us Today! 559-540-2275

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!