Jumbo Loans
For loan amounts exceeding conforming limits, ideal for luxury properties and high-cost markets.
Jumbo loans are designed for homebuyers purchasing high-value properties that exceed conforming loan limits set by Fannie Mae and Freddie Mac. These loans cater to luxury homebuyers and individuals purchasing in high-cost housing markets. Because they involve larger loan amounts, jumbo loans typically require higher credit scores (often 700+), a lower debt-to-income ratio, and larger cash reserves. Interest rates on jumbo loans can be slightly higher than conventional loans, but they offer flexible term options, including fixed-rate and adjustable-rate mortgages.