Jumbo Loans

Borrowers/buyers whose loan amounts exceed the allowable limits for other loans may be eligible for a Jumbo mortgage loan. These types of loans can have more strict qualifying criteria, including higher credit score requirements, lower debt-to-income (DTI) requirements, higher down-payment requirements, and requirements for reserve funds (how many months of mortgage payments are saved/available/remaining in the bank after closing).

Jumbo loans do not follow a standard set of guidelines or criteria. There is no handbook for Jumbo loans like you would find with conventional, VA, FHA or Rural Development. There are multiple investors who all have their own set of criteria for the loan programs they offer. To see if you’re eligible, please contact me below to review your particular scenario.