Financing for higher-value properties
Jumbo loan programs may offer loan amounts up to $5,000,000 for qualifying primary residences, second homes and investment properties.
Some programs permit down payments as low as 10%. Jumbo loans do not use conventional private mortgage insurance, although rates, costs, reserves, credit requirements and other underwriting terms vary by lender and program.
What to know
Jumbo loan programs may offer loan amounts up to $5,000,000 for qualifying primary residences, second homes and investment properties. Some programs permit down payments as low as 10%. Jumbo loans do not use conventional private mortgage insurance, although pricing, lender requirements and other costs vary by program.
Start with a conversation
Tell me where the property is, how you plan to use it and what you want the loan to accomplish. I can help you understand which details lenders will review and compare available paths.
What is a jumbo loan?
A jumbo loan exceeds the applicable conforming loan limit. Its available loan amount, down payment, reserves, documentation, credit requirements and property eligibility depend on the lender, borrower and program.