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Finance up to $3,500,000
Down payments as low as 10.01%
Purchase, Rate Term and Cash Out Refinances
Primary, Second Home or Investment Property
Popular Jumbo Loan Topics
Mortgage Rates for Jumbo Loans
Your mortgage rate is an important factor in your overall home payment and family budget. Our company is built to offer lower mortgage rates which will help make your home more affordable.
On average, our mortgage rates are .326% lower than the national average. This equates to $23,836 in life of loan interest savings. See details on rate savings calculation here.
Program Highlights
Fixed or Adjustable Rates
No mortgage insurance
Primary Residence, Second Homes and Investment Properties
660 minimum credit score
Down payments as low as 10%
Frequently Asked Questions
You would need a Jumbo if you were to borrow more than the conforming loan limit for your area. In 2025, this limit is $806,500 for most areas, but may be higher if your market is considered high cost.
When would I need a Jumbo loan?
If you are purchasing a primary residence or second home, you can get a Jumbo loan with a down payment as low as 10.01%. If you are using a Jumbo loan to purchase an investment property, you will need a 20% down payment.
How much down payment do I need with a Jumbo loan?
Generally, a Jumbo loan is a little more difficult to qualify for than a Conventional loan. The credit score minimums are higher, the debt to income ratios are lower and you will need more down payment when using a Jumbo loan. Jumbo loans will also require documented cash reserves.
Is it difficult to qualify for a Jumbo loan?
For purchases and rate term refinances of primary residences and second homes, we allow for loan amounts up to $3.5 million.
What is the max I could borrow with a Jumbo loan?
Jumbo Loans
Overview
Jumbo mortgages are essentially loans that exceed the limits set forth by the Federal Housing Finance Agency (FHFA). They are not eligible to be sold to Fannie Mae or Freddie Mac due to their higher loan balance. They are considered Conventional Non Conforming loans since they are not government backed or insured and do not meet or conform to Fannie Mae or Freddie Mac requirements. For the purposes of these guidelines, we will refer to these loans as Jumbo, since that is the more common terminology used to describe their larger loan size.
Lenders who make jumbo loans may hold them in their own loan portfolio, or sell them on the secondary market where they are securitized and resold to banks, private investment firms, pension funds, or insurance companies.
What can I use a Jumbo loan for?
Jumbo loans can be used to purchase or refinance a primary residence, investment property, or a second home.
What is the minimum credit score for a Jumbo loan?
You will need a minimum credit score of 660 or higher for a Jumbo loan. Higher scores may be required depending on down payment amount, loan size, loan purpose, and occupancy type.
How much can I borrow with a Jumbo loan?
We offer Jumbo loans up to $3,500,000 for primary residence and second home purchases or rate term refinances. Loan amounts may be restricted based on factors such as down payment amount, credit score, loan purpose, and occupancy type.
How much down payment do I need with a Jumbo loan?
Jumbo loans used to purchase a primary residence or second home will require a minimum down payment of at least 10.01%. More down payment may be required depending on factors such as credit score, loan purpose, and occupancy type.
If you are purchasing an investment property, you will need to make at least a 20% down payment.
Do Jumbo loans require Private Mortgage Insurance (PMI)?
No, our Jumbo loans do not require any PMI, even if you borrow more than 80% of the home's value.
What is the max Debt-to-Income Ratio (DTI) for a Jumbo loan?
Your debt-to-income ratio is the percentage of your gross income that goes towards your monthly debts, including a proposed new mortgage payment. Jumbo loans typically require that your monthly debts not exceed 43% of your gross qualifying income.
What documentation do I need to provide for a Jumbo loan?
Jumbo loans will require that you fully document your income and assets. Standard documentation requirements include recent paystubs, last two years of W2s, and the last two years of tax returns, if self-employed. You will also need to document all liquid assets used for down payment and closing costs.
What types of properties can be financed with Jumbo loans?
Jumbo loans can be used to finance single family residences, multi-family properties up to 4 units, condominiums, and townhomes.
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