Get more borrowing power with a jumbo loan
If you need a loan that exceeds conventional limits, a jumbo loan offers larger loan amounts with great rates and terms.
Who's it for?
Jumbo loans are ideal for homebuyers purchasing high-value properties that exceed conventional loan limits. If you’re buying in a high-cost area or need more borrowing power, a jumbo loan offers competitive rates and flexible requirements to fit your needs.
Jumbo benefits
- Higher loan amounts for luxury and high-cost properties
- Competitive interest rates
- Flexible loan terms and repayment options
- No private mortgage insurance (PMI) required
- Can be used for primary, secondary, and investment properties
- Financing for homes that exceed conventional loan limits
Eligibility requirements
To secure a Jumbo, you’ll need to meet the following requirements:
- Minimum credit score of 700 (varies by lender)
- Down payment typically 10-20%
- Debt-to-income (DTI) ratio generally under 43%
- Strong financial reserves and proof of income
- Property must meet lender-specific guidelines
Find out if a Jumbo loan is right for you
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