Jumbo Loan
Jumbo loans finance properties above the conforming loan limits, typically $1M+ purchase prices.
Key Requirements
Down Payment
10-20%+ (varies by lender)
Credit Score
740+
Interest Rates
0.5-1% higher than conforming
Debt-to-Income
Debt-to-income typically 36-40%
Benefits
- Finance higher-priced properties
- Competitive rates despite larger amount
- Fixed or adjustable rate options
- Flexible terms
- Portfolio loans available
- Investment property options
Eligibility Requirements
- ✓Excellent credit score (740+)
- ✓Substantial income documentation
- ✓Lower debt-to-income ratio (36-40%)
- ✓Significant savings/assets
- ✓Strong employment history
- ✓Property above conforming limits
How the Process Works
1
Pre-approval for jumbo amount
2
Find luxury property
3
Full appraisal and inspection
4
Extensive documentation
5
Rigorous underwriting
6
Appraisal review
7
Final approval and closing
Loan Details
Loan Limits
$766,550+ (no upper limit)
Category
Specialty
Jumbo Loan
Luxury Homes
High-value mortgages for luxury properties exceeding conventional loan limits.
Minimum Down Payment
10-20%+ (varies by lender)
Typical Credit Score
740+
Our mortgage specialist partners can answer all your questions about this program.