Jumbo Loan
Jumbo loans are mortgages that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA). If you are purchasing a higher-value property, a jumbo loan provides the financing you need with competitive rates and flexible terms.
Key Benefits
Higher loan amounts — Finance luxury homes and high-value properties beyond conforming limits.
Competitive rates — Jumbo rates are often comparable to conventional loan rates for qualified borrowers.
Flexible terms — Available in fixed-rate and adjustable-rate options with various term lengths.
Requirements
Credit score: 700+ typically required · Down payment: 10-20% · Reserves: 6-12 months of payments in liquid assets · Lower debt-to-income ratio · Full documentation of income and assets.