Jumbo Mortgage Loan Programs

Larger mortgage loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac, typically for high-value properties.

Jumbo Mortgage Loan Highlights

• High Loan Amounts: Jumbo loans allow borrowers to finance a high loan amount, making them ideal for high-end properties or expensive real estate markets. Currently, for the year 2024, Jumbo loans are classified as any loan exceeding the conventional loan limit, set at $766,550 for a single family home.
• Down Payment: Jumbo loans typically require a larger down payment compared to conventional loans, with the lowest down payment options usually at 10% down.
• Credit score: Jumbo loans usually require a higher credit score, typically above 680, with some programs requiring a score of 720 or higher.
• Loan limits: Jumbo loans are not limited by the conforming loan limits set by Fannie Mae and Freddie Mac, allowing borrowers to finance a high loan amount. Currently, the 2024 loan limits for standard areas is as follows:
  • 1 Unit Property - $766,550 Loan Amount Limit
  • 2 Unit Property - $981,500 Loan Amount Limit
  • 3 Unit Property - $1,186,350 Loan Amount Limit
  • 4 Unit Property - $1,474,400 Loan Amount Limit
• Fixed or Adjustable Rate Options: Jumbo loans offer both fixed and adjustable rate options, allowing borrowers to choose the best option for their financial situation and goals.
• Loan Terms: Jumbo loans are typically available with 15- or 30-year terms, although other options may be available.
• Underwriting Requirements: Jumbo loans require a thorough full doc underwriting process, which considers the borrower's credit score, income, assets, and debt. To use alternative income methods for Jumbo loans please see our Non QM Mortgage loan options!

Jumbo Loan Programs for Primary and Secondary Homes go up to 90% LTV with No Mortgage Insurance!

• As Low as 10% Down
• Credit Scores From 600
• Up to 50% DTI
• Full Doc & Bank Statement Income Verification Available
• 1 Year Tax Return Verification Available