Jumbo Loans

For anyone purchasing a home that is priced well above the area
loan limits, a JUMBO loan can be a great way to finance the home.

Higher Loan Limits

Jumbo loans typically have loan limits that are far higher than the standard conforming loan limits (set by Fannie Mae and Freddie Mac).

Loan limits for Conforming loans are currently limited to $970,800 in high cost areas in 2022.  Jumbo loans can go into the millions, depending on the Jumbo loan program and the lender offering the program.  Since Jumbo loan programs are proprietary, they offer many different options that can assist buyers looking at homes priced well above the Conforming loan limits.

Many Jumbo loan programs require a larger than normal down payment, however, we have several options that will allow for a lower down payment.

Here are just a few examples of the minimum down Jumbo loan options we offer:  

680-740 minimum credit score required depending on program & down payment
10% down options up to a maximum loan amount of $3,000,000. (NO MORTGAGE INSURANCE)
Medical Doctor Program:
100% financing to $1,000,000
720 minimum credit score
Student loan debt exclusion
No mortgage insurance options

Typical Jumbo Loan Highlights:

  • Fixed and ARM options
  • Loans up to $3 Million
  • Best for borrowers who are in the market for higher priced homes
  • Reserves required
  • Higher credit scores required
  • Lower debt-to-income ratio requirements
  • First time buyers and gift funds may be prohibited

Curious if you qualify?