Jumbo Loans

Moving on up? Jumbo loans are for those who need to finance a more expensive home purchase.

Loan Options

Jumbo Loans

Jumbo Loans

Jumbo loans are loans for home purchases above a certain dollar amount. For 2023, that means home loans above $726,200. These loans — also known as non-conforming loans — are loans that cannot be acquired by Fannie Mae and Freddie Mac, so they are subject to different requirements and restrictions than a standard conventional loan.

If you’re looking to purchase a home in the jumbo loan range, factors such as your credit score, debt, income, cash reserves, and your employment status are all important considerations when applying. Our lenders will be happy to help determine if a jumbo loan is the right option for you.

  • Purchase requires a minimum of 10% down*
  • Qualify with a credit score of 680 or higher
  • Average time to closing: 4 weeks
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*JUMBO scenario is for a 30-year fixed-rate, non-conforming mortgage loan for a $725,000 property financed at 90% at the amount of $652,500 with a 6.250% interest rate (6.579% APR) locked for 30 days. Monthly mortgage insurance premium rolled into the monthly payment at a rate of .450%. Monthly mortgage estimated to be $4,262.24. Property taxes and insurance not included in estimate.

Whether you’re purchasing a new home or refinancing an existing one, all it takes is a few minutes to complete the first step in our application process.

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