Jumbo Loans

Overview

A jumbo loan is a mortgage that exceeds the conforming loan limits set for conventional loans. When a home's price requires a loan amount above those limits, a jumbo loan provides the financing. It is a common tool for buyers of higher value and luxury homes.

How it works

Because the loan amounts are larger, lenders generally look for strong credit, a lower debt to income ratio, and healthy cash reserves. Jumbo loans are available with fixed or adjustable rates and can be used for primary residences, second homes, and investment properties. We compare jumbo programs across our lender network to find competitive terms for your situation.

Key features

• Loan amounts above conforming limits.
• Fixed and adjustable rate options.
• Available for primary residences, second homes, and investment properties.
• Competitive rates for well qualified borrowers.

Who it is for

Buyers of higher value homes who have strong credit, stable income, and reserves, and who need financing above standard conforming limits.

What you will typically need

• Income documentation such as pay stubs, W2s, and tax returns.
• Bank, asset, and reserve statements.
• Photo identification and Social Security number.
• Details on the property you want to buy or refinance.

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