JUMBO LOANS
JUMBO LOANS
Ready to start your next homeownership journey? Click the button below to begin our speedy secure pre-approval & application process.
WHAT IS A JUMBO LOAN?
A jumbo mortgage is a type of mortgage loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These limits are established to regulate the size of mortgages that can be purchased by government-sponsored entities like Fannie Mae and Freddie Mac. Jumbo mortgages are typically used to finance high-value real estate transactions, such as luxury homes.
JUMBO LOAN REQUIREMENTS
To qualify for a Jumbo Loan you'll need:
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Minimum credit score of 700
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Debt-To-Income Ratio (DTI) lower than 45% in most cases.
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Down payment of 20% or more.
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Subject Property is priced above Conforming Loan Limits ($766,550 for a single unit)
WHO'S A GOOD FIT FOR A JUMBO LOAN?
Jumbo mortgages are primarily used by homebuyers who are looking to purchase high-value properties that exceed the conforming loan limits set by government-sponsored entities like Fannie Mae and Freddie Mac.
LOOKING FOR MORE LOAN PROGRAMS?
Use the button below to return to our Loan Programs page to view additional lending options and programs.