Jumbo Non-QM Loans in Pasadena, California

The 2026 conforming loan limit for a one-unit property in Los Angeles County is $1,249,125. Lenders treat any mortgage above this figure as a jumbo loan.

Pasadena and every other San Gabriel Valley city sit in Los Angeles County, and the 2026 limits are:

• Single-unit property: $1,249,125

• Two-unit property: $1,599,375

• Three-unit property: $1,933,200

• Four-unit property: $2,402,625

Prices in San Marino, La Cañada Flintridge, Arcadia, and Pasadena regularly exceed these limits, and most higher-priced purchases in these cities are financed with jumbo mortgages.

Loan amounts for well-qualified buyers of jumbo loans in California can run to several million dollars. The lender sets the maximum from the credit score, the loan-to-value ratio, and the reserves in the file. Better credit and more reserves tend to produce lower rates and stronger terms.

No. Scores of 750 and higher earn the best jumbo pricing. A borrower below that level may still qualify when a larger down payment or substantial liquid assets offset the score.

Yes. Our Jumbo Non-QM programs for San Gabriel Valley buyers include bank statement loans and asset depletion loans. Business owners, investors, and retirees buying in Arcadia or San Marino may qualify without W-2s or standard tax returns. A jumbo bank statement loan uses 12 or 24 months of deposits to calculate income, and loan amounts reach $7M. Digital asset holders have a further option, since crypto mortgages for a California home qualify the borrower on Bitcoin and Ethereum holdings.

Lenders offer jumbo financing on single-family homes, condos, townhomes, and two- to four-unit properties. We arrange loans for a Craftsman estate in Pasadena, a San Marino residence, an Old Pasadena condo, or a hillside home in Glendale. Condo approval turns partly on the building, and the rules differ for warrantable and non-warrantable condos.

Jumbo pricing in the San Gabriel Valley often sits near conventional rates and occasionally below them. Well-qualified borrowers in markets such as San Marino and La Cañada Flintridge attract strong competition among lenders.

An ARM may suit a borrower who expects to hold the loan for a limited number of years. The rate on a 5/1 or 7/1 jumbo ARM is fixed for five or seven years and usually starts below a 30-year fixed rate. On an Arcadia or South Pasadena purchase, the monthly savings in the fixed period can be substantial. Lower starting rates explain why ARMs are back for jumbo borrowers. The plan for the home matters as well, including whether an ARM fits a borrower who plans to sell soon.

A jumbo cash-out refinance pays off the current mortgage with a larger jumbo loan and gives the owner the difference in cash. Maximum loan-to-value is typically about 80% on a primary home, and lenders reduce it on very large loan amounts. Credit, reserves, and the appraised value determine the amount available to owners in Pasadena, San Marino, and Arcadia. Homeowners with VA entitlement may reach a higher loan-to-value through a VA cash-out refinance or a VA jumbo cash-out refinance, and neither loan has monthly mortgage insurance.

A VA loan can exceed the conventional limit for eligible veterans and active-duty service members buying in the San Gabriel Valley. Qualified borrowers may purchase a higher-priced home in Pasadena or Glendale with $0 down and no monthly PMI. A borrower with full entitlement may use VA jumbo loans without a set loan limit.

Yes. Owners use a jumbo refinance to reduce the rate, move from an adjustable loan to a fixed one, or take cash from equity. The rules for a California cash-out refinance depend on occupancy, credit, and loan size.

Banks apply their own overlays on top of standard jumbo guidelines, so a denial at one institution does not settle the question. Wholesale lenders differ in how they count bonus income, RSUs, business income, and large asset balances. As a broker, we can resubmit the same file to a lender whose rules fit the borrower. Buyers still have several alternatives for California jumbo loans after a bank rejects their income documentation. A purchase in escrow can often be saved after a jumbo loan denial.

A down payment of 10% to 20% is typical for a jumbo loan on a primary residence in the San Gabriel Valley. The 10% options are limited to borrowers with strong credit and reserves. Second homes and investment properties generally call for a larger down payment. Program, occupancy, and loan amount all affect jumbo and Non-QM mortgage down payments, and lenders also verify reserves after closing. Escrow, title, and lender fees are separate from the down payment and make up most closing costs in California.