Why choose a jumbo loan
- Borrow above conforming limits in a single loan
- Fixed and adjustable rate options
- Purchase, refinance, and cash-out
- Primary homes, second homes, and investment properties
What jumbo lenders look for
- Strong credit history
- A larger down payment, often 10%-20% or more, depending on the program
- Cash reserves. Savings left over after closing, often several months of payments
- A solid appraisal. Unique or view properties may need extra review
High-balance or jumbo?
In high-cost counties, a high-balance conventional loan may cover more than you think. We'll check whether you can stay with conventional terms before moving to jumbo.
Self-employed and buying a jumbo home?
You have options. Some jumbo programs accept bank statements to document income. See Self-Employed Loans.
Where this is available
Jumbo loans are available in California, Arizona, Colorado, Florida, and Texas.
Program availability can vary by state and property. Contact us to confirm options for your home.
Frequently asked questions
What counts as a jumbo loan?
Any loan amount above the conforming loan limit for your county. Limits are set each year and vary by area.
How much do I need for a down payment?
It depends on the program and loan size. Many jumbo programs start around 10%-20% down.
Do jumbo loans take longer to close?
They can take a bit more review, especially for the appraisal and reserves. We'll give you a realistic timeline.