Jumbo Loan

If you’re purchasing or refinancing a property that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, a Jumbo Loan may offer the financing flexibility you need. Designed for higher-value properties, Jumbo Loans allow qualified borrowers to access loan amounts above the standard cap—without splitting financing between multiple loans.

Is a Jumbo Loan Right for You?

A Jumbo Loan may be a good fit if you:

• Are purchasing or refinancing a luxury or high-cost home

• Need a loan amount above the conforming limit in your county

• Have strong credit, stable income, and solid assets

• Prefer a single loan over stacking smaller ones

• Want competitive interest rate options

Program Features

• Loan Amounts: Typically from $766,550* up to $2.5 million (varies by county and lender)

• Loan Terms: Choose from fixed or adjustable-rate options (ARM)

• Popular Choice: 5/6 ARM for rate flexibility with potential savings

• No PMI: Many Jumbo Loans do not require private mortgage insurance

• Tailored Underwriting: Designed to accommodate more complex income and asset profiles

• Competitive Rates: Based on current market conditions and borrower qualifications

*Conforming loan limit varies by county. Check your local limits at Federal Housing Finance Agency (FHFA).

What to Expect When Applying

To apply for a Jumbo Loan, you’ll typically need:

• Proof of income (W-2s, 1099s, or self-employment financials)

• A strong credit score (usually 700 or higher)

• Documentation of liquid assets or reserves

• A minimum down payment (usually between 10–20%, depending on loan size and program)

Financing Built Around Your Needs

Jumbo financing offers more than just higher limits—it can be customized for your lifestyle, income structure, and long-term goals. Whether you prioritize predictable monthly payments or want initial rate flexibility, we’ll help structure a loan that works for your situation.

Talk to a Jumbo Loan Specialist

Ready to explore your options? Our experienced team at HomeBound Lending will guide you every step of the way—from pre-qualification to closing—with personalized support and competitive lending options.

📞 Call us at 877-771-2244 to speak with a licensed loan officer, or start your application online.