Palm Springs jumbo loans and second homes in the desert.
Palm Springs, Rancho Mirage, Palm Desert, La Quinta, Indian Wells and Cathedral City are all in Riverside County, in the Coachella Valley. Riverside County follows the national baseline limit of $832,750 for 2026. A loan above it is a jumbo loan.
2026 loan limits
One-unit homes. Source: FHFA’s 2026 county loan limit file, read November 10, 2026. Limits change each January, and the 2027 figures are expected in late November 2026. These are published limits, not an offer of any loan amount.
On this site Palm Springs means the desert cities of the Coachella Valley: Palm Springs, Rancho Mirage, Palm Desert, La Quinta, Indian Wells and Cathedral City. All of them are in Riverside County. FHFA places Riverside County in one metropolitan area with San Bernardino County, and the whole area takes one conforming loan limit, so the same limit applies in every city in the valley. For 2026 Riverside County follows the national baseline limit of $832,750, and a loan above it is a jumbo loan.
Many buyers here are buying a second home or a vacation home, and many of them live and earn their income somewhere else in California. A second home is financed under different rules from a main home. Lenders generally expect it to be for your own use for part of the year, and a home that is mainly rented out is usually treated as an investment property. On a jumbo loan each lender decides what it asks for in savings and credit.
The property itself raises questions of its own. Many homes are in communities with homeowners association dues, including golf and country club communities, and lenders add those dues to the monthly housing cost when they work out what you can borrow. With a condo, the lender reviews the association as well as the buyer. Some homes in the valley sit on leased land, including tribal land, and not on land the owner holds outright. Lenders look closely at the lease, above all at how many years are left on it, and not every loan program accepts leased land.
Buyers here are often business owners, or work in entertainment or technology and are paid by the project, in royalties or in stock. When tax returns show the income, a conventional or jumbo loan is the usual starting point. OriginPoint’s Bank Statement loans document income from the deposits on bank statements over time, in place of tax returns. OriginPoint Portfolio | Assets can count documented assets. Both have their own rules and are not right for everyone, so ask Sam what OriginPoint offers for your situation.
Pictures of the Palm Springs area
Pictures are AI-generated illustrations of the general area. They do not show any particular home, address or listing.
Which page fits you.
Buyers here often earn their income somewhere else in California. Pick the page that matches how you are paid.
Entertainers and creators
For 1099, residual and royalty income, and for buyers who want title held in a trust.
How 1099 and royalty income is counted
Tech professionals
For RSU, stock and bonus income, including when the purchase is a second home.
How stock and bonus income is counted
Bank Statement loans
For self-employed borrowers who want a home loan without tax returns, W-2s or pay stubs.
How Bank Statement loans workPlain answers.
What is the 2026 conforming loan limit in Palm Springs?
Can I use a jumbo loan for a second home in Palm Springs?
Can I get a loan on a home that sits on leased land?
Which loans fit a business owner buying a second home?
General education only. Each lender sets its own rules, and they change. Nothing here is a promise that a loan will be approved or of any terms. This is not tax, legal or investment advice: for those questions, ask your own CPA, attorney or business manager.
Buying in Palm Springs?
Tell Sam about the home, including any association dues or land lease, and how you plan to use it.