Jumbo loans are for those purchasing a high-priced or luxury home and need a loan larger than the conforming loan limits. There are larger down payment and reserve requirements. A jumbo loan may be right for you if you have a lower debt-to-income ratio, a good credit score, and a large down payment. Jumbo loans can exceed the conforming loan limits of $424,100 and go as high as $5 million with us! 

FAQs about Jumbo Loans:

  • Must have documented income
  • Monthly mortgage payment can be no more than 38% of your income
  • Available for primary residences, second or vacation homes, and investments properties
  • Available terms include fixed-rate and adjustable rate loans
  • Generally have a higher interest rate

Think you may be interested in applying for a jumbo loan? APPLY HERE