All loan programsLoan program
Jumbo Loan
Financing above conforming loan limits for higher‑value properties.
Min down payment
10%
Min credit score
700
Max loan amount
Up to $3M+
Reserves
6–12 months typical
Overview
About the Jumbo loan
Jumbo loans exceed the conforming loan limit set by Fannie Mae and Freddie Mac. They allow buyers to finance luxury and high‑cost market homes with competitive rates.
Best for
Who this fits
- Buyers in high‑cost markets
- Loan amounts above $806,500
- Strong credit & income borrowers
Pros
- Finance high‑value homes in one loan
- Competitive rates for strong borrowers
- Fixed and ARM options
- No PMI on most programs
Things to consider
- Stricter qualification standards
- Larger down payments required
- More documentation
Requirements
What you'll need
- Credit score 700 or higher (740+ for best rates)
- DTI under 43%
- Cash reserves of 6–12 months PITI
- Two appraisals may be required for loans > $1M
FAQ
Common questions
Are jumbo rates higher than conforming?
Historically yes, but in recent years jumbo rates have often been competitive with — or even lower than — conforming rates for well‑qualified borrowers.
Can I get a jumbo loan with 10% down?
Yes — we have programs that allow 10% down up to $1.5M with no PMI for qualified borrowers.
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