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.