Jumbo loans

Do You Need a Large Home Loan?

Jumbo loans, or jumbo mortgages, refer to home loans that exceed conforming loan limits as defined by the Federal Housing Finance Agency (FHFA). In addition, jumbo loans are not scrutinized or guaranteed by Freddie Mac or Fannie Mae.

How Much Can You Borrow?

Conforming loan limits set by the FHFA vary area-wise and may change each year. In 2021, the maximum limit for a single-family home in most parts of the country was set at $548,250.

Loans between $548,250 through $822,250 are considered a high-balance loan. Loan amounts above this are now considered jumbo loans and you may secure financing up to $3 million for qualified borrowers.

For the current limits, please refer to: http://bit.ly/ConformingLimits

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    Will You Qualify?

    Lenders face more credit risk with jumbo loans, not only because of the large amount of money, but also because these loans are not guaranteed by Fannie Mae or Freddie Mac. As a result, you will need to meet more extensive requirements to qualify when compared to getting a conventional loan. Typically, you will need to meet these criteria:

    • An Excellent credit score of 700 or above
    • A debt-to-income ratio of less than 43%
    • Ability to make a down payment of 10% to 20% or the desired loan amount
    let's talk

    our team is more than willing

    to guide you through the process.

    Why Choose Us?

    • We provide jumbo loans for purchase of luxury homes and estates
    • We offer fixed rate and adjustable rate alternatives
    • We provide jumbo loans to foreign nationals
    • We offer helpful guidance
    • We allow for interest-only payments

    Given the amount of money that is involved in a jumbo loan, you can trust our team to guide you in the right direction.

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