Jumbo Loans

Tailored for homes as expansive as your aspirations.

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What are Jumbo Loans?

Jumbo loans exceed the conforming loan limits set by the Federal Housing Finance Agency, typically used for financing luxury properties or homes in high-cost areas. They have stricter qualification criteria, often requiring excellent credit, larger down payments, and sometimes higher interest rates compared to standard loans. With the minimum being $726,201, you can finance the home of your dreams.

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Jumbo Loan Requirements

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Minimum 660 Credit Score

A minimum credit score of 660 is required for Jumbo Loans

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2% - 6% in Closing Costs

You'll need 2 - 6% of the total purchase price to cover closing costs.

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Debt-To-Income Ratio ≤ 45%

You will need a Debt-To-Income ratio of 45% or lower.

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Loan To Value Ratio ≤ 89.99%

On 30-year fixed loans, your loan amount can't exceed 89.99% of the purchased home's value. On 15-year fixed and adjustable-rate loans, your loan-to-value ratio can't exceed 80%.

Loan Benefits

More Borrowing Power

With Jumbo Loans, you can finance a home with a loan starting at $726,201

Flexible Loan Use

You can use a Jumbo Loan to finance a primary home, second home, or investment property.

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"We are loyal to Derek Parent and his team"

Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

— highrisecondoinvestor from Las Vegas, NV 89109

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