Above the limit
Jumbo loans
A jumbo loan is for an amount above the conforming loan limit, which the FHFA sets every year. Lenders take on more risk, so they look more closely at your credit, savings and income.
Who it is for.
Larger homes
You are buying a home that needs a loan above the conforming limit.
Strong credit
Most jumbo lenders look for a score of 700 or higher.
Savings in reserve
Lenders often want several months of payments saved after closing.
What you will need.
Two years of tax returns
Two months of bank and investment statements
Two recent pay stubs
Proof of reserves
Photo ID
We send you a checklist after the first call, and you can upload everything securely.
An example.
Jumbo 30-year fixed
6.375%
20% down
Example only
Jumbo rates are sometimes close to conforming rates and sometimes higher. We compare both for you. Example only, not a quote.
Two questions we hear.
How much do I need to put down?
Do jumbo loans need two appraisals?
Start with a free pre-approval.
It takes about 15 minutes online, and a loan officer calls you back the same business day.
Talk to Maya, Andre or Lin.