Jumbo Mortgage Loan.
Conforming loan limits vary by states and even counties.
For most areas in the United States,
loans above $484,000
are considered jumbo. For many borrowers, this figure can drastically limit the homes they can purchase, even if well within their budget. Jumbo loans allow you to borrow beyond the conforming loan limits and purchase the home that your financial situation allows. While 100% financing is not currently available, 95% LTV loans are. These loans require full income and asset documentation, and are available for owner-occupied and vacation homes up to $2,000,000. Jumbo loans for investment properties are also available with LTVs up to 80%. Many borrowers find that jumbo loans allow them to bridge the gap between conforming loan ceilings, and what their income actually allows them to afford. To find out more about jumbo loans and to see if one would be a good option for you, contact us today!
APPLY
Jumbo Loan Limit.
Full income and asset documentation
required for 
all programs.
95% LTV Jumbo programs have a $2,000,000 loan limit cap and strictly for owner-occupied and vacation homes only. 100% financing is currently not available. Investment property purchases start at 80% loan to value. Vacant land, Acreage, Lot loans, Renovation, Manufactured, and Commerical properties are NOT eligible. Construction-to-Permanent financing (building on your own lot) is also not permitted. The exception to this is new construction that is initially financed and being sold by a new home builder (new community spec home for example) Payment “reserves” required after down payment and closing costs: Loans under $750,000 may require zero reserves from the home buyer. Loans exceeding $750,000 will require some reserves, 3-12 months depending on the final loan amount and applicants credit profile. Non-liquid retirement accounts like 401K and IRA can be used to satisfy the minimum requirements. 95% financing programs are strictly reserved for home purchase and rate-term refinance transactions. This includes homeowners that want to lower their current interest rate or homeowners that want to simply change the term of their Jumbo loan. Example: switch from an adjustable rate to fix rate loan. *Homeowners inquiring about cash-out refinance should refer to the separate requirements listed below. All financing limits are based on the final loan amount, not the sales price of the home.
