Jumbo Loans: Financing for High-Value Homes
Our jumbo mortgages go beyond standard conforming limits ideal for luxury properties or expensive markets. They require robust finances but deliver tailored rates without government backing.
Why Choose a Jumbo Loan with Us?
- Massive loan limits: Borrow up to $5 million (or more in select cases) for buying, refinancing, or cashing out equity.
- Flexible Rates & Terms: Pick fixed rates for stability or adustable rate mortgages (ARMs) for initial payment savings. Options like interest-only payments or extended terms of 40 years are available.
- Versatile Property Types: Perfect for primary homes, second home getaways, or investments in premium locations.
- Competitive Rates, No Surprises: With excellent credit, enjoy rates that rival conforming loans, plus expert guidance to avoid common jumbo pitfalls.
- Tailored for You: We structure loans around your unique profile, from self-employed business owners to high-net-worth borrowers.
Eligibility Requirements
- Credit Score: 660 is generally the minimum, with a 780 FICO required for the most favorable terms.
- Down Payment: 10-20% is standard; some options as low as 5% with ample reserves.
- Debt-to-Income (DTI) Ratio: the standard is 45%, but mutiple programs allow up 50%.
- Income and Employment: Full documentation. For self-employed borrowers, 2 years of tax returns are standard, but if you have been in business for over 5 years, it's possible only 1 year of tax returns will be needed.
- Assets: Reserve requirements vary from 0-12 months of payments, and clear down payment sources are required for purchases.
If you have any questions or would like more information, call us at (949) 705-7735.