Below are some of the advantages that jumbo mortgage loans offer:
Qualify with a credit score as low as 600.
Down payments as low as 5%.
Loan amounts up to $7,500,000.
DTI ratios as high as 50%.
Variety of jumbo programs available.
How It Works
What is a jumbo loan?
A jumbo loan is any mortgage that exceeds the conforming loan limits set out my Fannie Mae and Freddie Mac. The standard conforming loan limit throughout the nation is $510,400. However, high cost areas such as in California, Hawaii, Alaska, and various counties in each state through the country have higher loan limits up to $765,600. If you would like to view the conforming loan limits for your county, you may do so using this conforming loan limits lookup tool.
Who is eligible for a jumbo loan?
Anyone who meets the requirements of a jumbo lender is eligible for a jumbo loan. If you would like to see if you qualify for a jumbo loan, we can help match you with a mortgage lender. To get matched with a jumbo lender, please fill out the form on this page. You will be provided with a free consultation, and the opportunity to get pre-approved for a jumbo loan.
