Jumbo & High Balance Loans
"Big loans for bigger dreams."
When your purchase exceeds conforming loan limits, jumbo and high balance loans provide the financing you need. Competitive rates for luxury homes and high-cost markets.
10-20%
Min Down
700+ (720+ preferred)
Min Credit
No upper limit
Max Loan
Is This Loan Right for You?
This Loan is Perfect If You...
- Buying a home above $766,550 conforming limit
- Strong credit history (700+ score)
- 10-20% down payment available
- Sufficient cash reserves (6-12 months)
- High income with full documentation
This Might NOT Be Right If...
- Loan amount is below conforming limits
- Credit score below 700
- Limited cash reserves available
- Prefer lower down payment options
- Cannot fully document income
Jumbo & High Balance Loans Benefits
Everything you need to know about your benefits
Finance Luxury Homes
No upper limit - finance properties well above conforming limits
Competitive Rates
Well-qualified borrowers often get rates comparable to conforming
Fixed & ARM Options
Choose rate stability or lower initial payments
Interest-Only Available
Maximize cash flow with IO payment options
Any Location
Available nationwide for high-value properties
White-Glove Service
Dedicated jumbo specialists for personalized support
How It Works
Your path to homeownership in just a few simple steps
Consult a Jumbo Specialist
Discuss your goals and get a personalized quote
Custom Underwriting
We structure your loan for optimal terms
Shop with Confidence
Pre-approval letter for luxury properties
VIP Closing
White-glove service for seamless experience
Consult a Jumbo Specialist
Discuss your goals and get a personalized quote
Custom Underwriting
We structure your loan for optimal terms
Shop with Confidence
Pre-approval letter for luxury properties
VIP Closing
White-glove service for seamless experience
Types of Jumbo & High Balance Loans
Choose the option that fits your situation
Loans between standard and high-cost limits. Government-backed with conventional-like terms. Only available in designated high-cost areas.
Fixed rate for the life of the loan. Predictable payments on high-value properties. Available in 15, 20, or 30-year terms.
Start with a lower rate for 5, 7, or 10 years. Ideal for buyers who may sell or refinance before adjustment.
Pay only interest for an initial period (typically 10 years). Dramatically lower initial payments on luxury properties.
Things to Consider
A reverse mortgage is a significant financial decision. Here's what you should understand before proceeding.
Higher Requirements
Expect stricter credit, income, and reserve requirements than conforming loans.
Investment Properties
Investment property jumbos require 25-30% down and 720+ credit scores.
Second Appraisal
High-value properties may require a second appraisal to verify value.
HUD-approved counseling is required to ensure you fully understand these factors before proceeding.
Loan Details
Documentation Required
- 2 years of tax returns and W-2s
- 2 months of bank/investment statements
- Proof of assets and reserves
- Employment verification
- Second appraisal may be required
Eligible Property Types
- Primary residence
- Second/vacation home
- Investment property (stricter requirements)
Additional Info
- DTI typically 43% or less
- Full income documentation required
- Asset verification required
- Larger down payment for investment properties
High Balance vs Jumbo: What's the Difference?
| Feature(This loan) | High Balance | Jumbo |
|---|---|---|
| Loan Amount Range | $766,551 - $1,149,825 | Above $1,149,825 |
| Backing | Fannie Mae / Freddie Mac | Portfolio / Non-Agency |
| Available In | High-cost areas only | Nationwide |
| Rates | Similar to conforming | Competitive, may vary |
| Requirements | Standard conventional | Stricter (see below) |
| Best For | High-cost area buyers | Luxury / high-value homes |
* Rates and terms subject to change. Contact us for current offers.
Frequently Asked Questions
Common questions about Jumbo & High Balance Loans
Last updated:
What is the difference between high balance and jumbo loans?
High balance loans are between the standard conforming limit ($766,550) and the high-cost area limit ($1,149,825), and are still backed by Fannie Mae or Freddie Mac. Jumbo loans exceed all conforming limits and are held by lenders as portfolio loans or sold to private investors.
What are the 2024 conforming loan limits?
For 2024, the standard conforming limit is $766,550 for most U.S. counties. In designated high-cost areas (like parts of California, New York, Hawaii, and DC), the limit goes up to $1,149,825. Anything above these limits requires jumbo financing.
What credit score do I need for a jumbo loan?
Most jumbo lenders require a minimum 700 credit score, with 720+ preferred for the best rates. Some programs may accept 680+ with compensating factors like larger down payment or significant assets.
- Jumbo loans typically require 10-20% down payment. A 20% down payment avoids PMI and often secures better rates. Investment property jumbos usually require 25-30% down.
- Not necessarily. For well-qualified borrowers, jumbo rates are often comparable to or even lower than conforming rates. This is because jumbo borrowers typically have excellent credit, substantial assets, and low default risk.
- Yes. Jumbo loans are available for primary residences, second/vacation homes, and investment properties. Investment properties have stricter requirements: 25-30% down, 720+ credit, and larger reserves.
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Ready to Go Big?
Let's discuss your luxury home financing
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