Jumbo Loan

The Jumbo Loan Program is designed for borrowers purchasing or refinancing higher-priced properties that exceed conventional loan limits. It offers competitive fixed rates, flexible qualification guidelines, and customizable loan structures for well-qualified borrowers seeking larger financing solutions.

Loan Highlights

• Loan amounts up to $3,000,000

• Minimum 680 FICO score

• Debt-to-Income ratio up to 45%

• Loan-to-Value up to 80%

• Eligible for purchase, rate/term refinance, and cash-out refinance

Eligible Property Types

• Single-family residences

• 1–4 unit properties

• Planned Unit Developments (PUDs)

• Condominiums

Ineligible Property Types

• Manufactured homes

• Mixed-use or commercial properties

• Cooperatives

• Unique or specialty income-producing properties

Eligible Borrowers

• U.S. citizens

• Permanent and non-permanent resident aliens

• Inter vivos revocable trusts

• First-time homebuyers

Ineligible Borrowers

• Foreign nationals

• Borrowers without Social Security numbers

• Corporations and certain trusts

• Major credit events within 7 years (bankruptcy, foreclosure, short sale)

Additional Requirements

• Reserves required based on loan size, typically 6–24 months

• Temporary rate buydowns allowed for primary and second home purchases

• Income documentation required
  W2 borrowers: 1 pay stub with YTD income and 2 years of W2s
  Self-employed: Most recent business tax returns
  Verification of employment as required