Jumbo Home Loan
Finance luxury properties exceeding conforming limits. Competitive rates and flexible terms for high-value purchases.
Why Choose a Jumbo Home Loan?
A jumbo home loan finances properties that exceed conforming loan limits, providing flexibility for luxury purchases and investment properties.
No Loan Limit
Finance properties in the multi-millions with proper qualifications—no maximum amount.
Competitive Rates
Well-qualified borrowers often receive rates competitive with conforming options.
Self-Employed Options
Bank statement and asset-based programs make financing accessible for business owners.
Investment Properties
Finance luxury rentals and high-value investment properties nationwide.
No PMI at 20%
With 20%+ down, no private mortgage insurance is required.
Flexible Terms
Choose from multiple term options including interest-only periods.
Jumbo Home Loan Requirements
According to CFPB guidelines, requirements are typically stricter than conforming loans.
Most programs require 700+ credit score. Some available at 680 with compensating factors.
Primary residence down payments typically range 10-20%. Investment properties require 20-25%.
Guidelines typically require DTI of 43% or below, stricter than conforming options.
Requires 6-12 months of mortgage payments in liquid reserves after closing.
💼 Jumbo Home Loan for Business Owners & Entrepreneurs
We specialize in financing for self-employed borrowers and business owners with complex income situations. Our experience with non-traditional documentation helps entrepreneurs qualify when other lenders say no.
- Bank Statement Programs: Qualify using 12-24 months of business or personal bank statements
- Asset-Based Qualification: Use liquid assets to qualify without traditional income documentation
- 1099 Income Programs: For independent contractors and consultants
- Business Cash Flow Analysis: We understand how to properly document business income
- Multiple Income Sources: Rental income, dividends, and K-1 distributions welcome
Jumbo Home Loan vs. Conforming Loans
Understanding the differences helps you determine which loan type fits your situation. The Federal Housing Finance Agency sets annual conforming limits that determine when jumbo financing is required.
| Feature | Conforming | Jumbo |
|---|---|---|
| 2025 Loan Limit | $806,500 (most areas) | No limit |
| Min. Credit Score | 620+ | 700-720+ |
| Down Payment | 3-20% | 10-25% |
| Cash Reserves | 2-6 months | 6-12 months |
| Documentation | Standard | More extensive |
| Interest Rates | Market rates | Often competitive |
2025 Conforming Loan Limits
Standard Areas: $806,500
High-Cost Areas: $1,209,750
Any loan above these limits requires jumbo financing. Per Fannie Mae guidelines, conforming loans must stay within these limits.
When Does a Jumbo Home Loan Make Sense?
Consider jumbo financing for these situations:
- Luxury properties exceeding conforming limits
- High-cost markets like coastal cities and resort areas
- Investment properties where larger loans maximize leverage
- Vacation homes in premium locations
- High-income borrowers who prefer larger homes
No PMI with 20% Down
Unlike conforming loans with low down payments, jumbo financing with 20%+ down never requires private mortgage insurance, potentially saving hundreds per month.
Jumbo Home Loan Interest Rates
According to Freddie Mac's Primary Mortgage Market Survey, jumbo rates have historically been competitive with conforming rates. Well-qualified borrowers with strong credit, low DTI, and substantial down payments often receive favorable pricing.
Jumbo Home Loan FAQs
A jumbo home loan exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. For 2025, that's $806,500 in most areas and $1,209,750 in high-cost areas. Unlike conforming loans, jumbo financing is held by lenders rather than sold to government-sponsored enterprises.
Requirements typically include a credit score of 700+, down payment of 10-20% for primary residences (20-25% for investment properties), debt-to-income ratio of 43% or below, and 6-12 months of cash reserves.
Not necessarily. Well-qualified borrowers often receive rates that are competitive with or even lower than conforming rates. Rates depend on credit score, down payment, and overall financial profile.
Yes! We specialize in financing for entrepreneurs and business owners. Bank statement programs, asset-based qualification, and other non-traditional documentation methods are available.
Absolutely. Jumbo financing can be used for primary residences, vacation homes, and investment properties. Investment properties typically require larger down payments (20-25%) and higher credit scores.
There's no hard limit on loan amounts—it depends on your qualifications and the property value. Borrowers routinely finance properties in the multi-millions with proper documentation and credit.
Jumbo financing typically requires more documentation than conforming loans: 2 years of tax returns, recent pay stubs or business financials, bank statements, proof of assets, and verification of reserves.
Ready to Apply for a Jumbo Home Loan?
Whether you're purchasing a luxury home, vacation property, or expanding your investment portfolio, we specialize in complex jumbo financing.