Davis is unique, a university town with strong demand, limited inventory, and a buyer base that includes UC Davis faculty, research professionals, and Sacramento commuters. Home prices typically exceed county averages, and jumbo financing is often required.
Yolo County property tax averages near 1.05%. Davis inventory is consistently tight, which makes pre-approval strength and rapid loan processing essential to win offers. Several Davis neighborhoods routinely require jumbo financing.
Mace Ranch, Wildhorse, North Davis, Central Davis, South Davis, El Macero, West Davis, Old North Davis
Jumbo loans for higher-priced Davis homes, doctor / professional loan programs for UC Davis Health employees, and conventional financing with strong reserves. VA loans work well for veteran buyers, and bank statement loans serve self-employed Davis professionals.
Run the tools, see what fits, then talk it through with a real advisor.
Real questions from real buyers, answered specifically for this market. Program availability, eligibility, and pricing are subject to underwriting and program guidelines and can change.
Yolo County follows the standard conforming loan limit set by FHFA annually. Many Central Davis, Old North Davis, and El Macero homes close above that limit and require jumbo or high-balance financing. I check the current year's Yolo limit and structure your loan against it before you start writing offers.
UC Davis Health physicians, dentists, residents, fellows, and in some cases other advanced practice providers may qualify for physician loan programs that allow low or no down payment, exclude student loan debt from DTI calculations, and permit jumbo balances. Eligibility varies by program and specialty, subject to underwriting and program guidelines.
For a 2-4 unit primary residence, projected market rents from the appraisal can offset a portion of the mortgage payment in DTI. For a single-family home with a planned ADU or room rental, most programs won't count that income until it's seasoned. We'll walk through which structure fits your plan.
HOA dues count toward your qualifying DTI. In addition, if the community's owner-occupancy ratio falls below Fannie / Freddie thresholds or the HOA carries a special assessment, conventional financing can get flagged. I pull the HOA questionnaire early so we know if there's a project-level issue before you're deep in escrow.
Below are the programs Davis buyers use most, jumbo and high-balance for Central and Old North Davis, physician loans for UC Davis Health, bank statement for self-employed professionals, and conventional financing for move-up buyers. Pick what fits your situation.
Certified Mortgage Advisor and Branch Manager at PRMG Mortgage (NMLS #75243). 28 years in mortgage lending. Specializes in FHA, VA, conventional, DPA, jumbo, Non-QM, renovation, and construction financing for buyers and investors in Sacramento, New Jersey, and nationwide. PRMG is licensed in 49 states, excluding New York. Three-time Gold Award winner for Highly Reviewed Mortgage Team in Sacramento (2023, 2024, 2025). NMLS #225375.
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