Looking to purchase a high-value home? Jumbo loans can help you finance properties that exceed the standard loan limits, offering flexible options tailored to your needs.

​This category would cover loans in excess of $806,500 (conforming).  These loans are referred to as ‘portfolio loans’ because the lender will keep them on their own books rather than sell them to Fannie Mae or Freddie Mac. These loans are riskier to the lender for that reason.

Jumbo loans can have a fixed interest rate or an adjustable rate.

Characteristics of a Jumbo Loan:

• Loan amounts over $806,500
• Credit scores as low as 660
• Debt-to-income ratios up to 50%
• Loan-to-value ratios up to 80%
• Options for interest-only payments
• Fixed or adjustable-rate terms
• 15 or 30-year amortization periods
• Cash reserves required
• Two separate appraisals needed