Loan Programs
Jumbo Loans
Financing for high-value homes that exceed conforming loan limits.
What Is a Jumbo Loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. In most areas, that means any loan above $766,550 (2024). These loans are essential in markets like Sacramento where higher-end homes require larger financing.
Because jumbo loans aren't backed by government agencies, lenders set their own requirements — which is exactly why having a broker who shops 40+ lenders gives you an edge.
Key Benefits
Higher Loan Amounts
Borrow beyond conforming limits — $1M, $2M, $3M+ depending on the lender and your qualifications.
Competitive Rates
Jumbo rates are often comparable to conventional — sometimes even lower for strong borrowers.
Multiple Term Options
15, 20, or 30-year fixed. ARM options (5/1, 7/1, 10/1) available for lower initial rates.
Flexible Structures
Interest-only options, asset depletion, and bank statement programs for self-employed borrowers.
Requirements
| Minimum Credit Score | 700+ (some lenders 680+) |
| Down Payment | 10–20% typical (some offer 10% with no PMI) |
| Debt-to-Income Ratio | 43% or lower preferred |
| Cash Reserves | 6–12 months of mortgage payments in reserves |
| Documentation | Full documentation required (W-2s, tax returns, bank statements) |
| Property Types | Primary, second home, investment |
Who Is a Jumbo Loan For?
- Buyers purchasing homes above $766,550 in standard areas
- High-income earners with strong credit and reserves
- Self-employed professionals who can demonstrate stable income
- Investors acquiring high-value rental or investment properties
Get Jumbo Rates
We compare jumbo programs across 40+ lenders. Rates vary significantly — let us find the best one.
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