Choose where your cash goes
See how a larger down payment changes the quote without draining the savings and investments you would rather keep.
Jumbo pre-approval
Apply for a Jumbo Loan
Buying above your county’s conforming limit? We will compare jumbo loan options using the property, your income, the down payment, and the cash you want to keep after closing.
What jumbo lenders look at
Plan the loan without tying up more cash than necessary
Jumbo rules vary from one lender to another. We compare the home, income, debts, assets, and ownership plan together so you can see which option fits before making an offer.
Explain income clearly
Know which records support salary, bonus, business, trust, rental, or investment income before the lender asks for them.
Check the home as well as the borrower
A condo, second home, investment property, or unusual estate can change the appraisal, down payment, and lender choices.
Use the same assumptions
Compare jumbo and conforming rates on the same terms
A lower rate does not always mean a lower-cost loan. Compare APR, points, credits, money due at closing, reserves, and payment using quotes from the same day.
Build the loan around the purchase
A larger loan can change more than the down payment
Moving above the conforming limit can change the lenders, rates, appraisal, and reserve rules that apply. Compare those tradeoffs before you make an offer.
Luxury residence considered for jumbo financing
Borrow above the county limit
Confirm that the requested mortgage is actually jumbo, then compare lenders that handle that loan size and property type.
Keep enough money after closing
Test more than one down payment so you can see the tradeoff between a lower loan balance and the reserves left in your accounts.
Price fixed and adjustable rates
Compare the initial payment, APR, points, credits, and future adjustment rules using the same purchase assumptions.
Make non-salary income easy to follow
Bonus, business, trust, rental, and investment income can work, but the lender needs records that show what is stable and likely to continue.
The application sequence
Do the detailed work before your offer is accepted
Once the seller accepts, the appraisal, title work, and financing deadlines start moving. Gather income and asset records and compare real offers before that clock starts.
High-value home interior with refined finishes
- Step 1
Set the target
Share the price range, county, property type, occupancy, loan amount, timing, and planned down payment.
- Step 2
Show the money coming in and staying put
Organize income, debts, funds for closing, reserves, and any business or real estate ownership.
- Step 3
Compare matching lender quotes
Use the same loan amount, term, lock period, and property assumptions so rate and fee differences mean something.
- Step 4
Finish the home review
After the offer is accepted, complete the appraisal, title, insurance, final lender review, and closing documents.
What to gather
Bring these details to the first review
The exact list varies by lender. Start with income, money for closing, current debts, and the property you plan to buy.
Income records
Gather records for salary, bonus, commission, business, trust, rental, or investment income you want the lender to count.
Money for closing and afterward
Show the source of the down payment, large deposits or transfers, and the accounts that will remain available after closing.
Debts and other real estate
List mortgages, taxes, insurance, association dues, leases, and other monthly obligations.
The home and how you will use it
Identify the county, property type, price range, number of units, and whether it will be a primary home, second home, or rental.
Questions borrowers ask first
Know which numbers can change the approval
The county limit tells you whether the loan is jumbo. Down payment, reserves, income, credit, and the property tell the lender whether it works.
What is a jumbo loan?
A mortgage becomes jumbo when its loan amount is above the conforming limit for that county, year, and number of units. Fannie Mae and Freddie Mac do not purchase it as a conforming loan, so each jumbo lender has more room to set its own rules.
What is the current jumbo loan limit?
There is no single limit for every property. Check the current conforming limit for the county and number of units, then compare it with the mortgage amount. Any amount above that threshold is jumbo.
What are current jumbo mortgage rates?
Two borrowers can see different jumbo rates on the same day because loan size, credit, down payment, property, reserves, points, and lender all matter. Compare Loan Estimates issued on the same day with matching terms instead of relying on a rate shown without the full assumptions.
How do I apply for a jumbo loan?
Start with the requested loan amount, property, occupancy, income, debts, credit, down payment, and assets that will remain after closing. Organize unusual income or large account transfers early so they do not slow the review after your offer is accepted.
What is jumbo loan pre-approval?
A jumbo pre-approval shows the amount and structure a lender may accept based on the information reviewed so far. It is still conditional: the property, appraisal, title, insurance, verified finances, and final lender review must all work.
What is the jumbo mortgage minimum down payment?
There is no standard percentage across all jumbo programs. The minimum down payment for a jumbo home loan changes with loan size, credit, occupancy, property type, reserves, and lender. Compare the money needed at closing and what remains in your accounts, not just the down payment percentage.
What financial documents do jumbo lenders review?
Expect income records, tax returns when the program requires them, bank and investment statements, current debts, housing history, and records for any business, trust, rental, or variable income you want counted.
Why are cash reserves important for a jumbo loan?
Reserves are the assets left after closing. On a $6,000 monthly housing payment, a 12-month requirement means keeping $72,000 in eligible assets after the down payment and closing costs. The lender decides which accounts count and how much is required.
Can a jumbo loan finance a second home or investment property?
Yes, some programs cover second homes and investment properties. Expect the rate, down payment, reserve amount, and property rules to differ from a primary-home jumbo loan.
Does jumbo pre-approval guarantee final approval?
No. The lender still needs to verify your finances, accept the appraisal and property, clear title and insurance, and confirm that nothing material changed before closing.
Read before you apply
Start with the question that affects your purchase
Use the application guide if you are gathering documents. Use the comparison if you are not sure the loan is jumbo. Use the program page when you are ready to compare structures.
Application planning
How to Apply for a Jumbo Loan
See which income, asset, reserve, credit, and property details are worth organizing before you submit an application.
Review the jumbo application guideLoan comparison
Jumbo Loan vs. Conventional Loan
See how the county limit changes the loan category, then compare rates, down payment, reserves, and lender rules.
Compare conforming and jumbo loansProgram planning
Jumbo Mortgage Strategy
Compare fixed and adjustable options without losing sight of the cash you need at closing and the reserves you want to keep.
Explore jumbo mortgage optionsBefore you make an offer
See which jumbo options are worth considering
Start with the property, loan amount, down payment, income, and available reserves. We will show you which programs fit and what documents you will need next.
Distinctive property suited to a jumbo mortgage