Loading
Jumbo Loans in Industry
Industry is 99% commercial and industrial property. Most jumbo deals here finance corporate real estate, not single-family homes.
The 2024 conforming limit is $766,550 in LA County. Any loan above that needs jumbo financing. Most Industry properties exceed this easily.
Commercial-residential hybrids near the border cities sometimes qualify. Live-work spaces or executive residences on industrial parcels create unique scenarios.
Jumbo lenders want 700+ credit scores for residential properties. Many require 720+ for the best rates.
Expect 20-25% down minimum. Some lenders go to 10% down with perfect credit and strong reserves.
Debt-to-income ratios stay under 43% typically. You need 6-12 months reserves in liquid assets post-closing.
Income verification is strict. Two years tax returns, W-2s, and recent pay stubs are standard. Asset depletion strategies work for high net worth borrowers.
About 30 of our 200+ lenders handle jumbo products aggressively. Portfolio lenders offer the most flexibility on unusual properties.
Rate spreads between conforming and jumbo narrowed in 2024. Sometimes jumbo rates beat FHA pricing for strong borrowers.
Each lender sets their own jumbo limit. Some cap at $2 million, others go to $5 million or higher with relationship pricing.
Jumbo ARMs often price better than 30-year fixed for the first 7-10 years. This matters if you plan to sell or refinance.
Industry addresses confuse underwriters. Make sure your property type is clear in the file from day one.
Foreign nationals buying corporate property here need specialized jumbo programs. Citizenship matters less with 30-40% down.
Cross-collateral deals work when you own multiple properties. We've structured $3-4 million packages using existing equity plus new purchases.
Jumbo pre-approvals carry more weight than conforming. Sellers know these buyers cleared higher hurdles.
Conforming loans top out at $766,550 in LA County. Anything above requires jumbo or creative structuring.
Interest-only jumbos minimize payment shock on expensive properties. You can write off more interest while preserving investment capital.
ARMs make sense for 5-7 year hold periods. The lower initial rate saves significant money compared to 30-year fixed.
Some borrowers split purchases into conforming plus second lien to avoid jumbo pricing. This rarely saves money once you factor both rates.
Industry's tax base comes from commercial property. Residential appraisals here need comps from surrounding cities like Walnut or Hacienda Heights.
Zoning matters enormously. Mixed-use properties require lenders comfortable with commercial-residential hybrids.
Title on industrial parcels can be complicated. Expect 45-60 day closings minimum for due diligence.
Some Industry parcels have environmental assessments on file. Phase I reports often required even for residential financing.
Any loan above $766,550 is jumbo in LA County. There's no upper limit, but most lenders cap at $2-5 million without special approval.
Yes, but you need 720+ credit and strong reserves. Most lenders want 20% down for standard jumbo pricing.
Not always. Rates vary by borrower profile and market conditions, but strong credit often gets jumbo rates near or below conforming.
Sometimes. Portfolio lenders handle mixed-use properties in Industry better than agency lenders.
Expect 30-45 days minimum. Industry properties need extra due diligence on zoning and title.
Yes. Expect 30-40% down and proof of international income through specialized lenders.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.