Jumbo

Homes above $766,550 (varies by county)

For loan amounts above conforming limits. Flexible financing for high-value properties with competitive rates and custom structures.

Program Overview

How Jumbo Loans Work

A jumbo loan is any mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In most U.S. counties, the current conforming limit (updated annually by the FHFA). In designated high-cost areas, this limit can be higher. Any amount above the applicable limit requires a jumbo loan.

Because jumbo loans cannot be sold to Fannie Mae or Freddie Mac, they are held in a lender's portfolio or sold to private investors. This means jumbo loan guidelines can vary more widely between lenders, and pricing depends heavily on the strength of your financial profile.

Jumbo loans offer significant flexibility in structure. Fixed-rate terms from 15 to 30 years are standard, and many jumbo programs offer interest-only payment options for the first 5 to 10 years. For borrowers with strong income trajectory or investment strategy, interest-only payments can maximize cash flow during the initial years.

Qualification for jumbo loans typically requires a credit score of 700 or higher, reserves of 6 to 12 months of mortgage payments, and a debt-to-income ratio below 43%. Some portfolio jumbo programs accept bank statements or asset-based qualification for self-employed borrowers and business owners.

Key Features

  • Loan amounts from $766,551 into the multi-millions
  • Fixed and adjustable rate options
  • Interest-only payment structures available
  • Bank statement and asset-based qualification available
  • Primary, second home, and investment property eligible
  • Custom structures for complex financial profiles
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The Process

How It Works

1

Financial Profile Review

Jumbo qualification starts with a thorough review of your income, assets, credit, and reserves. We identify the best jumbo program and structure for your profile.

2

Loan Structuring

We help you select the right combination of rate type, term, and down payment. Interest-only, split-loan structures, and other creative solutions may be available depending on your goals.

3

Underwriting and Appraisal

Jumbo loans often require two appraisals for higher loan amounts. Underwriting is thorough but our team guides you through every documentation request.

4

Close on Your Property

Once fully approved, you close and fund. Jumbo closings follow the same process as conforming loans, just with larger numbers.

Ideal Borrower

Who This Program Is For

Jumbo loans serve buyers and investors who need financing above conforming limits and have the financial profile to support the larger loan amount.

Buyers purchasing luxury or high-value properties
Move-up buyers in high-cost markets (coastal California, metro areas)
Self-employed borrowers with strong assets who prefer bank statement qualification
Investors acquiring high-value rental properties
Borrowers who want interest-only payments to maximize cash flow

Run the Numbers

Use our calculator to explore payment scenarios, compare options, and see how a jumbo loan could fit your financial plan.

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Common Questions

Jumbo FAQ

Most jumbo loans require 10-20% down, though some programs offer as low as 5% down for strong borrowers at lower loan amounts. The exact requirement depends on the loan amount, property type, and your financial profile. Higher loan amounts generally require larger down payments.
Not necessarily. Jumbo rates have historically been slightly higher, but in many market environments they are comparable to or even lower than conforming rates. Lenders compete aggressively for well-qualified jumbo borrowers because these loans are profitable to hold in portfolio.
Yes. Several jumbo programs accept 12 or 24 months of bank statements in place of traditional income documentation. This is common for self-employed borrowers, business owners, and entrepreneurs whose tax returns may not fully reflect their earning capacity.
Most jumbo lenders require 6 to 12 months of mortgage payment reserves in liquid assets after closing. Reserves can include checking and savings accounts, investment accounts, and retirement funds (typically counted at 60-70% of value).

Ready to Explore Jumbo Loans?

Let our team walk you through the details, run the numbers for your situation, and help you decide if this is the right program for your goals.

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