Jumbo Home Loans
For Properties That Exceed the Ordinary
Financing for luxury homes and high-value properties above conforming loan limits. Loan amounts from $766,550 to $3M+ with competitive rates and flexible terms.
Jumbo Loan Features
Premium financing tailored for high-value properties with terms that work for your financial profile.
High Loan Amounts
Finance properties from $766,550 to $3M+ with a single mortgage. No need for multiple loans or creative financing structures.
Competitive Rates
Jumbo rates have become increasingly competitive. In many cases, jumbo rates are now comparable to or even lower than conforming rates.
Flexible Down Payment
Down payments as low as 10% for well-qualified borrowers. Traditional 20% down eliminates PMI entirely.
Multiple Property Types
Finance primary residences, second homes, and investment properties. Single-family, condos, townhomes, and more.
Jumbo Loan Requirements
Credit Score
- 700+ for best rates
- 680+ may qualify with strong reserves
- Higher scores unlock lower down payments
Down Payment
- 10-20% typical requirement
- 10% for loans up to $1.5M
- 15-20% for loans over $1.5M
- No PMI at 20%+
Income & Assets
- Documented income (W-2 or self-employed)
- 6-12 months reserves after closing
- DTI typically below 43%
- Asset documentation required
Jumbo vs. Conforming Loans
Complete Guide to Jumbo Mortgages
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In most U.S. counties, the conforming limit is $766,550 for a single-family home. In high-cost areas like parts of California, New York, and Hawaii, the limit can be higher. Any loan above these limits is considered "jumbo" or "non-conforming."
Why Jumbo Loans Have Different Requirements
Unlike conforming loans, jumbo mortgages are not backed by Fannie Mae or Freddie Mac. This means individual lenders bear the full risk of the loan, which is why they typically require higher credit scores, larger down payments, and more cash reserves. However, competition among lenders has driven jumbo rates to be very competitive — sometimes even lower than conforming rates.
Jumbo Loan Options: Fixed vs. ARM
Jumbo loans are available in both fixed-rate and adjustable-rate (ARM) configurations. Fixed-rate jumbos offer payment stability over 15 or 30 years. ARM jumbos (5/1, 7/1, 10/1) offer lower initial rates that adjust after the fixed period. ARM jumbos can be attractive for borrowers who plan to sell or refinance within the fixed-rate period.
Who Qualifies for a Jumbo Loan?
- Borrowers with credit scores of 700+ (680+ with compensating factors)
- Professionals with high documented income (W-2, 1099, or business owners)
- Buyers with 10-20% down payment available
- Those purchasing in high-cost real estate markets
- Investors purchasing higher-value rental properties
Finance Your Dream Home
Get pre-qualified for a jumbo loan in 60 seconds. Our AI matches you with the best rate from 50+ lenders. No credit impact.
Start Jumbo Loan Application