Jumbo Loans
High‑balance financing with custom underwriting and competitive pricing beyond conforming limits.
10%+ (varies) downHigh loan amounts
Program Details
Minimum Down10%+ (varies)
Credit ScoreTypically 700+
DTI RatioTypically <= 43%
PMI/MIPNo PMI; pricing and reserves vary by lender.
Rate CapsNo conforming caps; program-specific.
Loan LimitsExceeds conforming limits; custom underwriting.
Key Benefits
- High loan amounts
- Flexible investor programs
- Interest‑only options available with select investors
Who It's Best For
- High-value homes beyond conforming limits
Advantages
- High loan amounts beyond conforming limits
- Custom underwriting allows tailored scenarios
Considerations
- •Higher down payments and reserves typical
- •Stricter credit and documentation
Eligibility Requirements
- Loan amount above conforming/high-balance limits
- Strong credit and reserves typically required
- Primary, second homes; investment varies by investor
Additional Requirements
- Higher credit score and asset reserves
- Multiple appraisals may be required at high amounts
- Minimum down payments commonly 10% or higher
Pro Tips
- Consider piggyback structures to reduce down payment
- Compare multiple investors for best fit on reserves and terms
Also Known As
Non-conforming
Yes, with select investors and scenarios.
Calculate Your Payment
Use our interactive calculators to estimate your monthly payment and see how much you could save.
Payment Example
Loan amount
$475,000
Est. P&I
$3,160/mo
Estimate only. Taxes, insurance, HOA, MI/MIP, and points/credits not included. Not a commitment to lend.
Scenario Snapshot
Down payment
$60,000
Loan amount
$540,000
Jumbo products typically require higher down payments and reserves. For lower down options, explore conforming + piggyback strategies.
Consider Conforming + Piggyback for a lower down scenario.
Typical Documents
- Last 30 days of pay stubs or income docs
- Last 2 years W-2s or 1099s (as applicable)
- Most recent 2 months of bank statements
- Government-issued ID
- Additional asset reserves
- Potential second appraisal
Exact items vary by program and scenario.
Loan Limits (Estimate)
Use your ZIP to check your state and review baseline limits. County limits may be higher.
Enter a ZIP to detect your state. County-specific limits vary.
Conforming baseline (1‑unit)$766,550
FHA floor (1‑unit)$498,257
FHA ceiling (1‑unit)$1,149,825
Actual county/metro limits vary. See official resources at FHFA and HUD.
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