Call us today at 888-713-2526

Jumbo Loans

What is considered a JUMBO?

Jumbo Loans are loans that exceed the conforming loan limits, and are not eligible to be purchased, securitized, or guaranteed by Fannie Mae or Freddie Mac.

As of 2023 a JUMBO is a loan of $ or more in most areas. In high-cost areas the starting loan limit for a 1 unit property is $1,089,300 (varies depending on the County).  If you're interested in finding out if your potential home is in a high cost ares, you can look at this Fannie Mae Loan Limit Table.  Copy and paste address into new browser,


JUMBO loans come in a variety of loan terms, FIXED rate, ARM's and INTEREST ONLY. Cash-Out,  HELOC's (Home Equity Line of Credit) and rate and term refinances are available as well.  Each type has it's own set of Qualification parameters.  Call to find out more.

Down Payment Requirements

 A typical purchase transaction will require the home-buyer to put down a minimum of 10%-20%, but in some cases as little as 5%.

Property Types

Most Jumbo loan programs allow you to purchase 1-4 unit Single Family, Condo's, PUD's and Co-ops. 


There are several ways to qualify for a Jumbo loan including full document (traditional qualification), bank statements (for self-employed borrowers) and asset depletion loans.

Full Documentation - This includes all standard documentation including 2 years of complete tax returns,  business and personal.

Bank Statement - Qualification based on 12 or 24 months business or personal bank statements (occasionally a combination of the two).  Different lenders calculate this differently, but most use total deposits that are from  business revenue, then apply an expense ratio.

Asset Depletion - This method uses your existing investable assets, cash in bank accounts, stocks, bonds and other liquid assets then applies a ratio to each (i.e. cash is 100% value, stocks are 70% value), then divides the total by a term os 60 months or more to calculate your monthly income to be used for loan qualification.