When your loan size exceeds $766,550, you enter Jumbo territory. As an independent broker with access to 170+ lenders, I shop jumbo pricing competitively in ways that a retail bank simply can't.
Whether you have complex income, significant assets, or just want the most competitive rate for a luxury property, we structure the loan around your financial reality.
A Jumbo Loan is a mortgage used to finance properties that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA). For most areas, any loan amount over $766,550 (or higher in designated high-cost counties) is considered a Jumbo loan.
Because these loans cannot be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac, lenders take on more risk. As a result, underwriting guidelines for Jumbo loans are typically more stringent, requiring excellent credit, larger down payments, and significant cash reserves.
Jumbo lenders expect a strong credit history. While some programs allow scores down to 680 with larger down payments, 700+ is generally required for the best terms.
While 20% is the standard expectation to avoid Private Mortgage Insurance (PMI), there are specialty Jumbo programs that allow for 10% or 15% down payments.
Lenders want to see significant post-closing liquidity. You will typically need to show 6 to 12 months of mortgage payments (PITIA) in liquid or retirement accounts.
Jumbo loans have stricter DTI limits. Your total monthly debts, including the new mortgage, should generally not exceed 43% to 45% of your gross monthly income.
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