Jumbo Loans

A jumbo loan is a mortgage used to finance properties that exceed the conventional conforming loan amount. These products are considered non-conforming products and usually start around 80% LTV, even though there are special niche portfolio products up to 95% LTV. Jumbo usually do not carry monthly PMI due to the lower LTV requirements.

Jumbo loans have stricter qualifying rules and are considered riskier for lenders since these loans cannot be guaranteed by Fannie or Freddie. Excellent credit is mandatory and a strong borrower.
Most banks will have a DTI ranging from 38% to 43%. Reserves will be required for the subject and additional properties owned.

We have listed a summary of eligible factors:

Loan Purposes:

  • Purchase
  • Refinance Rate/Term
  • Refinance Cash Out

Occupancy Types:

  • Owner Occupied
  • Second Homes
  • Non-Owner Occupied

Property Types:

  • Single Family Home, PUD, and Condo

Please select one of the following:


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