Jumbo Home Loans

What is a Jumbo Home Loan?

A jumbo loan is any mortgage above the conforming loan limit set by Fannie Mae and Freddie Mac. In 2024 that's $766,550 in most counties and over $1.1M in high-cost areas like the Bay Area, NYC, and parts of Southern California.

Jumbo lending used to come with a rate premium. Today, with healthy bank balance sheets and competition for affluent borrowers, jumbo rates frequently price below conforming. Strong credit, healthy reserves, and a verifiable income story are the keys.

Your Company maintains relationships with portfolio lenders, private banks, and conventional jumbo investors. We shop your scenario to the right balance sheet.

Jumbo loans finance higher-value properties that exceed conventional conforming limits — sophisticated underwriting with competitive pricing for qualified buyers.

Who qualifies for a Jumbo Home Loan?

This program is built for borrowers who match the criteria below. Not sure where you stand? Send us a quick message and we'll confirm in minutes.

• Buyers of homes above the conforming limit (typically $766,550 in 2024, higher in high-cost areas)
• Borrowers with strong credit and substantial reserves
• Move-up buyers and luxury market purchasers
• Cash-out refi borrowers with high-value homes

Advantages of Jumbo Home Loans

• No Hard Loan Cap — We routinely fund jumbo loans into the $5M+ range.
• Competitive Rates — Jumbo rates today often beat conforming rates for strong borrowers.
• Flexible Terms — Fixed and adjustable structures, interest-only, and asset-depletion programs.
• Low Down Payment Options — Some jumbo programs accept as little as 10% down for well-qualified borrowers.

How the process works

1. Pre-Qualification — Detailed income, asset, and credit review.
2. Apply — Full document review with focus on reserves and DTI.
3. Underwriting — Manual jumbo underwriting — typically 25–35 days.
4. Close — Sign with a closing agent or attorney depending on state.