Jumbo Loan

  • Purchase
  • Refinance
  • Cash Out
  • Consolidation
  • Residence
  • Investment

You can use Jumbo Mortgage Loans for the financing purposes of PURCHASE, REFINANCE, CASH-OUT, DEBT-CONSOLIDATION, RENOVATION, REHAB, REMODEL, GROUND UP CONSTRUCTION for both your primary residence and for rental investment property.

Jumbo Loan Benefits

Jumbo loans offer numerous advantages over conventional mortgages, providing the flexibility and capacity needed for luxury property purchases.

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Higher Loan Amounts

Access loan amounts exceeding conventional limits, perfect for luxury properties and high-cost real estate markets.

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Flexible Terms

Choose from a variety of fixed-rate and adjustable-rate options tailored to your financial strategy.

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Competitive Interest Rates

Enjoy interest rates that are often comparable to conventional loans, despite the higher loan amounts.

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Multiple Property Financing

Finance primary residences, second homes, and investment properties with specialized jumbo loan options.

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Personalized Service

Receive tailored guidance from experienced loan officers who specialize in high-value property financing.

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Diverse Property Types

Finance various luxury property types, including single-family homes, condos, and multi-unit properties.

Eligibility Requirements

Qualifying for a jumbo loan typically requires meeting stricter financial criteria than conventional loans due to the higher loan amounts involved.

Credit Score

✅Minimum credit score of 700-720

✅Clean credit history with minimal late payments

✅Low debt-to-income ratio (typically below 43%)

✅No recent bankruptcies or foreclosures

Income & Assets

✅Substantial, stable income documentation

✅Cash reserves of 6-12 months of payments

✅Down payment of 10-20% typically required

✅Strong employment history and job stability

Property Criteria

✅Property value exceeding conforming loan limits

✅Clean property appraisal with strong valuation

✅Property meets all lender quality standards

✅Located in desirable or appreciating markets

Documentation You'll Need

The list of documentation items shown below is a good general list. However, based on your borrower profile overlayed with the specific loan program underwriting guidelines, you may need to provide additional information. In some circumstances, you may not need to provide the entire list of items. Speak wiith Rodney Rose, your trusted loan officer, for your specific documentation needed.

  • Jumbo loans typically require more extensive documentation than conventional loans to verify your financial stability and ability to repay. Be prepared to provide tax returns for the past 2-3 years, several months of bank statements, investment account statements, detailed employment verification, and documentation of other assets and liabilities.

  • Purchase Agreement - Legally binding contract between a buyer and a seller that outlines the terms and conditions of a property sale.

Loan Limits

  • Jumbo loans begin where conforming loan limits end, which is currently at $726,200 in most areas and up to $1,089,300 in high-cost markets. Depending on your financial profile, property location, and lender policies, jumbo loans can range from just above conforming limits to several million dollars for ultra-luxury properties.

Elevate Your Homeownership with a Jumbo Loan

Secure flexible financing for high-value properties with competitive rates and personalized solutions designed for your lifestyle.

The Jumbo Loan Process

Securing a jumbo loan involves a more detailed process than conventional financing, with additional steps to ensure thorough financial verification.

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Submit Your Application

Complete a full mortgage application and provide all necessary documentation for underwriting.

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Get Pre-Approved

Start with a pre-approval to understand your budget and show sellers you're a serious buyer. We'll review your credit, income, and assets.

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Find Your Dream Home

Work with a real estate agent to find a home that meets your needs and falls within your pre-approved budget.

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Processing & Underwriting

We'll verify your information, order an appraisal, and ensure all requirements are met for loan approval.

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Close On Your Loan

Review and sign your final loan documents, pay your closing costs, and receive the keys to your new home!

Jumbo Loans vs. Other Loan Types

See how jumbo loans compare to conventional and government-backed loans on key features that matter most to luxury homebuyers.

Feature Jumbo Loan Conventional Loan FHA Loan
Loan Limit Exceeds conforming limits (Above $726,200 in most areas) Up to $726,200 in most areas ($1,089,300 in high-cost areas) Up to $472,030 for single-family homes in most areas
Down Payment Typically 10-20% required As low as 3% down Minimum 3.5% down
Credit Score Usually 700+ minimum 620+ typically required 580+ for 3.5% down
Mortgage Insurance Usually not required Required with less than 20% down Required for the life of the loan
Debt-to-Income Ratio Typically max 43% Usually up to 45-50% Usually up to 43-50%
Documentation Extensive documentation required Standard documentation Standard documentation

The Bottom Line

Jumbo loans are specifically designed for high-value properties that exceed conforming loan limits. While they typically require stronger credit profiles, higher down payments, and more extensive documentation than conventional or FHA loans, they offer the financing power needed for luxury real estate purchases. For qualified borrowers, jumbo loans provide competitive rates and flexible terms tailored to the premium housing market.

Frequently Asked Questions

What is considered a jumbo loan?

A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In most U.S. counties, any loan above $726,200 (as of 2023) is considered a jumbo loan. In designated high-cost areas, the threshold can be as high as $1,089,300 for a single-family home.

What credit score do I need for a jumbo loan?

Most lenders require a minimum credit score of 700-720 for jumbo loans, although some may require 740 or higher for the best rates. The higher your credit score, the better terms you're likely to receive. Some luxury property loans may require scores of 760 or above.

How much of a down payment is required for a jumbo loan?

While requirements vary by lender, most jumbo loans require a down payment of at least 10-20% of the purchase price. Some programs may allow for down payments as low as 5-10% for highly qualified borrowers, though this typically results in higher interest rates.

Are jumbo loan interest rates higher than conventional loans?

Historically, jumbo loans carried higher interest rates than conventional loans due to the increased risk associated with larger loan amounts. However, in recent years, jumbo loan rates have become competitive with and sometimes lower than conventional rates, especially for borrowers with excellent credit and strong financial profiles.

Can I use a jumbo loan for different property types?

Yes, jumbo loans can be used to finance various property types, including primary residences, vacation homes, and investment properties. They're available for single-family homes, condos, co-ops, and multi-unit properties, though terms may vary based on property type and intended use.

What are the income requirements for jumbo loans?

While there's no set income threshold, jumbo loan borrowers must demonstrate substantial, stable income sufficient to comfortably make the monthly payments. Lenders typically look for a debt-to-income ratio of 43% or less, though some may allow up to 45% for strong applicants with significant assets

© Copyright 2025 by E Mortgage Capital. Inc.

Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov.

A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.nmlsconsumeraccess.org

Loan Officer at E Mortgage Capital, Inc. 3750 S Susan Street Santa Ana, Ca. 92704. NMLS#1416824 NMLS#1396861 DRE#00853403. Equal Housing Opportunity Lender. https://www.nmlsconsumeraccess.org. For State Requirements, go to https://www.emortgagecapital.com/licensing.