In many higher-cost markets, home prices push buyers past the conforming limit. Jumbo loans finance those homes with fixed-rate, adjustable-rate and interest-only options, depending on the program.
Who it’s for
How it works
Because jumbo loans aren’t bought by Fannie Mae or Freddie Mac, each lender or investor sets its own guidelines. That usually means stronger credit, more documented reserves and a full appraisal. Very large loans sometimes need two appraisals.
We shop multiple jumbo investors so you can compare programs, including options that use bank statements or assets to qualify if your tax returns don’t show your true income.
What you need to qualify
- Strong credit. Requirements are typically higher than for conforming loans.
- Documented reserves, often several months of payments in savings or investments
- A moderate debt-to-income ratio
- A full appraisal, and sometimes a second one on very large loans
Documents to have ready
- Two years of tax returns and W-2s/1099s, or bank statements for non-QM jumbo
- Recent statements for all bank, brokerage and retirement accounts
- Pay stubs or a year-to-date profit and loss statement
- Information on other real estate you own
How it works with Amerifi Lending
Frequently asked questions
What’s the jumbo loan limit in my county?
It depends on your county’s conforming limit. Tell us your county and we’ll confirm it.
Are jumbo rates higher than conforming rates?
Not always. Jumbo pricing depends on the investor, your credit and your reserves, and it is sometimes competitive with conforming rates.
Can I get a jumbo loan if I’m self-employed?
Yes. Along with full-documentation jumbo loans, bank statement and asset-based jumbo programs are available.
Related loan options
Ready to see what you qualify for?
Have questions? Call or text us, or start your application online. There is no cost to find out what you qualify for.
- No cost to find out what you qualify for
- Straight answers, no pressure
- We reply within one business day