Jumbo Loans
Financing for higher-value homes.
Financing for loan amounts above the conforming limit, built for higher-value home purchases and refinances that exceed what Fannie Mae and Freddie Mac will buy.
Program Highlights
- Loan amounts from just above the conforming limit up to several million dollars
- Competitive rates — often comparable to or only slightly above conventional conforming rates
- Down payments typically starting around 10–15% for the strongest files, though many programs call for 20%+
- Fixed and adjustable-rate options available
- Primary residence, second home, and investment property programs available
- Reserve requirements (liquid assets after closing) are typically higher than conforming loans
- Available alongside Non-QM documentation options (bank statement, asset utilization) for self-employed jumbo borrowers
Best For
- Buyers purchasing above the conforming loan limit ($806,500 in most areas for 2025)
- Borrowers with strong credit, income, and reserves
- Self-employed buyers using jumbo bank statement or asset-based options
What You'll Need to Qualify
- Down payments typically 10–20%+ depending on the file
- Higher reserve requirements than conforming loans
- Strong credit and documentable income
- Fixed and adjustable-rate options available
Guidelines vary by lender and borrower profile. All loans subject to underwriting approval. Not a commitment to lend.
Good to Know
jumbo underwriting weighs reserves and overall financial strength more heavily than a conforming loan does — having several months of mortgage payments in liquid reserves after closing meaningfully strengthens a jumbo file.
Common Questions
At what loan amount do I need a jumbo loan?
Above the conforming limit for the property's county — $806,500 in most areas for 2025, higher in designated high-cost markets.
Do jumbo loans require 20% down?
Not always — some programs go as low as 10–15% down for well-qualified borrowers, though 20%+ is still common.
Can self-employed borrowers get a jumbo loan without full tax returns?
Yes, jumbo bank statement and asset-based Non-QM options exist for self-employed borrowers at higher loan amounts.