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Jumbo Loans in Santa Clara County

The 2026 one-unit conforming limit in Santa Clara County is $1,249,125. Any one-unit loan above that is a jumbo loan. Below: how that line falls across 13 Santa Clara cities.

$1,249,125

2026 1-unit conforming limit

High-cost

County designation

13

Cities covered below

700+

Typical credit score

Overview

What counts as a jumbo loan in Santa Clara County

Santa Clara County is a designated high-cost area, so its 2026 one-unit conforming loan limit is $1,249,125 (per FHFA/HUD 2026 loan limits) rather than the $832,750 national baseline. Any one-unit loan above $1,249,125 in Santa Clara County is a jumbo loan.

Values across the county run from roughly $1.07M in Gilroy to about $4.62M in Los Altos, so whether a purchase needs jumbo financing varies widely by city — the table below shows where each one sits against the $1,249,125 limit.

Typical requirements

  • A strong credit score, generally 700 or higher
  • A larger down payment (often 10–20%+)
  • Significant cash reserves
  • Full documentation of income and assets

Potential benefits

  • Finance high-value Santa Clara properties in a single loan
  • Competitive rates for strong borrowers
  • Fixed and adjustable options
  • Available for primary, second, and investment homes
City by city

Where the $1,249,125 line falls across Santa Clara County

Typical home values are Zillow Home Value Index (ZHVI) figures for June 2026, rounded. ZHVI reflects the typical value for homes in the 35th to 65th percentile range, so it sits below the median sale price in markets with a heavy luxury tail. Provided as a market reference for general education only; not an appraisal or valuation of any specific property.

CityTypical home value
approx., mid-2026
Is a jumbo loan usually needed?
Campbell$1.9MUsually
Cupertino$3.07MAlmost always
Gilroy$1.07MHigher-end homes only
Los Altos$4.62MAlmost always
Los Gatos$2.66MAlmost always
Milpitas$1.45MUsually
Morgan Hill$1.34MOften — depends on the home
Mountain View$1.97MUsually
Palo Alto$3.6MAlmost always
San Jose$1.41MOften — depends on the home
Santa Clara$1.71MUsually
Saratoga$4.09MAlmost always
Sunnyvale$2.08MUsually
Market notes

How jumbo financing plays out in each Santa Clara city

Campbell. Campbell home values run well above the 2026 high-cost conforming ceiling, so nearly every standard single-family purchase in this central-valley city is a jumbo loan.

Cupertino. Cupertino home values run far above the 2026 high-cost conforming ceiling, so virtually every standard purchase in this top-schools tech city is a jumbo loan.

Gilroy. Gilroy sits near the 2026 high-cost conforming ceiling, so whether a purchase needs a jumbo loan often depends on the specific home — larger or newer homes frequently push past the limit.

Los Altos. Los Altos is among the priciest markets in the country, with typical values many times the 2026 high-cost conforming ceiling — virtually every standard purchase is a jumbo loan.

Los Gatos. Los Gatos is an affluent foothill market where typical values run far above the 2026 high-cost conforming ceiling — virtually every standard purchase is a jumbo loan.

Milpitas. Milpitas home values run above the 2026 high-cost conforming ceiling, so most single-family purchases in this northern Silicon Valley city are financed as jumbo loans.

Morgan Hill. Morgan Hill home values run above the 2026 high-cost conforming ceiling, so most single-family purchases in this south-county city are financed as jumbo loans.

Mountain View. Mountain View home values run far above the 2026 high-cost conforming ceiling, so nearly every standard single-family purchase here is financed as a jumbo loan.

Palo Alto. Palo Alto is one of the priciest markets in the country, with typical values many times the 2026 high-cost conforming ceiling — virtually every standard purchase is a jumbo loan.

San Jose. San Jose home values run above the 2026 high-cost conforming ceiling, so the majority of single-family purchases in the Bay Area's largest city are financed as jumbo loans.

Santa Clara. Santa Clara home values run well above the 2026 high-cost conforming ceiling, so nearly every standard single-family purchase here is financed as a jumbo loan.

Saratoga. Saratoga is one of Silicon Valley's most exclusive markets, with typical values many times the 2026 high-cost conforming ceiling — virtually every standard purchase is a jumbo loan.

Sunnyvale. Sunnyvale home values run far above the 2026 high-cost conforming ceiling, so virtually every standard purchase in this Silicon Valley city is a jumbo loan.

FAQ

Jumbo loans in Santa Clara County — common questions

What is the 2026 jumbo loan limit in Santa Clara County?
In Santa Clara County the 2026 one-unit conforming limit is $1,249,125 (per FHFA/HUD 2026 loan limits). A jumbo loan is any one-unit loan amount above $1,249,125. The county carries the high-cost limit rather than the $832,750 national baseline.
Which Santa Clara cities usually require a jumbo loan?
It varies by city. In Los Altos, where typical values run around $4.62M, jumbo financing applies to most standard purchases. In Gilroy, closer to $1.07M, it comes into play mainly on higher-end homes. The table on this page marks where each of the 13 cities we cover falls against the $1,249,125 limit.
How much down payment do jumbo borrowers need in Santa Clara?
Jumbo programs commonly look for 10 to 20 percent or more, along with a credit score generally at or above 700 and meaningful cash reserves. The exact figure depends on the loan amount, the property, and your overall profile.
Do jumbo loans cost more than conforming loans in Santa Clara?
Not necessarily. For strong borrowers jumbo pricing is often very competitive with conforming loans, and in some markets it prices close to or below a comparable conforming loan. Pricing depends on credit, down payment, reserves, and the specific program.

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