When a home's price exceeds the conforming loan limits set each year, you'll need a jumbo loan. These finance luxury and high-cost-market properties that fall outside standard loan limits, with guidelines tailored to larger loan amounts.
Buyers purchasing higher-priced homes or in high-cost markets where standard loan limits fall short.
Because the loan amounts are larger, jumbo loans typically call for stronger credit, a lower debt-to-income ratio, and additional reserves. We'll help you prepare a strong file.