Jumbo loans

Above the conforming limit, preparation is most of the outcome.

A jumbo loan is not sold to Fannie Mae or Freddie Mac, so the lender keeps the risk and sets the rules. That makes the file itself matter more than the program does.

See if I qualifyTalk to JR
Above the limitConforming caps vary by county
ReservesMonths of payments in hand
Case by caseGuidelines differ by lender

Jumbo loans

What changes at this size

Everything gets checked more carefully. Reserve requirements are real, documentation is heavier, and two lenders can look at the same borrower and reach different answers. That is precisely where a broker earns their keep, because we can place the file where its particular shape is understood.

Self employed income, bonus and RSU compensation, and multiple properties are all common at this level and all need to be presented properly rather than explained after a decline.

  • Loan amounts above the county conforming limit
  • Borrowers with strong assets and complex income
  • Second homes and higher value investment property
  • Anyone declined elsewhere on presentation rather than substance

What is assessed

What a lender is actually looking at.

None of this is a secret, and knowing it early is the difference between a smooth file and a scramble two weeks before closing.

CreditUsually 700 and up, with the best pricing meaningfully higher. There is less tolerance for recent events than on conforming loans.
Down paymentCommonly 10% to 20%, more on higher amounts or investment property. Some lenders go lower for very strong files.
ReservesExpect to show several months of full payments left after closing. This is the requirement that surprises people most.
DocumentationTwo years of returns, current statements, and a clear explanation for any large deposit. Preparation prevents most of the friction.

Three minutes

Find out where you stand on this program.

The qualifier asks five questions and comes back with the programs you fit and an estimated monthly payment. It does not run a credit check to do it.

  • No credit check to get an answer
  • An estimated payment before anyone calls you
  • Routed to a named loan officer, not a queue

See what you qualify for

Free

Questions

The ones people actually ask.

What is the conforming limit?
It is set annually and varies by county, with higher limits in expensive areas. We will tell you exactly where your target price sits relative to it, because just under the limit is a materially cheaper loan.
Are jumbo rates always higher?
Not always. For strong borrowers jumbo pricing is sometimes better than conforming, because the lender wants the relationship. It moves around, which is a good reason to shop it.
Can I get a jumbo loan while self employed?
Yes, and it is common. The file needs to be built properly, with income presented the way an underwriter reads it rather than the way a tax return states it.

Who handles jumbo loans

JR Ramirez

Mortgage Broker · NMLS #2374415

Six years as a federal bank regulator and a stint as a community bank Chief Risk Officer. JR reads your file the way the underwriter is going to read it.

Read the full profile (714) 469-9577

Other programs

Compare it against the alternatives.

Most borrowers fit more than one program. Which one is best depends on how long you will hold the loan, not only on what you qualify for today.

Buying a homePurchase loans RefinancingLower it or shorten it ConventionalFrom 3% down FHA3.5% down, 580+ VANo down payment USDAZero down, eligible areas JumboAbove the limit Bank statementSelf employed InvestorDSCR and short sales CommercialFive units and up

Get a straight answer before you commit to anything.

Three minutes, no credit check, no obligation, and a named loan officer on the other end of it.

See what I qualify for Or call (714) 469-9577

August Mortgage Group, NMLS #2642110. Equal Housing Lender. This is not a commitment to lend. All loans subject to credit approval and property appraisal.