Welcome to Jumbo Mortgage Source, we are a leading resource specializing in Jumbo home loan information nationwide. Please check the pages and blog above to learn more about the Jumbo purchase and refinance benefits currently available.
Borrowers who have questions are encouraged to contact us 7 days a week at Ph: 800-962-0677.
A jumbo mortgage is a high-balance non-conforming loan that exceeds the standard loan limits established by entities like Freddie Mac and Fannie Mae. In most U.S. locations, the current conforming loan limit is set to $806,500.
Select high-cost locations in parts of California, New York, Colorado, Florida, and the Northeast can have greater conventional loan limits of up to $1,209,750. Please see the chart below, this applies to standard 1-unit properties, conventional mortgage limits on muti-unit properties are even higher.
Any loan amount exceeding these standard conforming loan limits would be considered a jumbo loan. *Note, the 2025 conforming mortgage limits will be increasing and posted around December.
Base Conforming Loan Limits for 2025:
| Units | Most of the U.S. | High Cost Locations |
| 1 | $806,500 | $1,209,750 |
| 2 | $1,032,650 | $1,548,975 |
| 3 | $1,248,150 | $1,872,225 |
| 4 | $1,551,250 | $2,326,875 |
Jumbo loans are a great way to purchase a higher-priced luxury home or refinance a larger mortgage. If you have manageable debt-to-income ratios, higher credit scores and at least a 5% down payment, the jumbo loan program may be right for you.
Need a quick rate quote or just have questions? We encourage you to connect with us 7 days a week by calling the number above or by submitting the Quick Contact Form below.
Current Jumbo Loan Benefits:
- Financing up to 95% loan to value – only a 5% down payment is required for loan amounts up to $1.75m – $2,000,000 (depending on location) This low down payment Jumbo loan is very popular among Doctors, Physicians, and Attorneys.
- Financing up to 90% loan to value available up to $3,000,000
- Financing up to 85% loan to value available up to $3,500,000
- Loan amounts up to $7,000,000 are available with a higher down payment – please contact us
- Most programs do NOT require private monthly mortgage insurance or “PMI” This alone will save borrowers $425.00 per month on average. Depending on the property state, most home buyers have the option of a single loan or “piggyback” combo loan option like the 80/10 or 80/15 – first and second mortgage combo option.
- Interest rate buy down options – 2/1 and 3/2/1
- Adjustable rate (ARM) 3/1, 5/1, 7/1, 10/1 and 30, 15-year fix rate terms available.
- No pre-payment penalties on any Jumbo loan options. Move and sell your home anytime without an early payoff penalty.
- The Pre-approval and qualifying process is easy and often takes less than 20 minutes.
Basic Jumbo Lender Guidelines:
Basic Jumbo Lender Guidelines:- Full income documentation is required for all programs. This includes pay stubs, two years of W2, and/or tax returns for self-employed 1099 applicants. * Special bank statement qualifying programs are also available for self-employed buyers.
- Asset documentation will be required – generally the previous two months of asset statements.
Jumbo Credit Score Requirements:
- 680 credit score is required for 95% Jumbo financing.
- Lower credit scores down to 660 can be approved with a 10% + down payment. *The exact credit score will depend on the down payment and the final loan amount requested.
Jumbo Loan to Value Parameters:
- 95 percent financing is only available for primary owner-occupied properties. The loan amount limit for these programs is $1.2mil-$2mil, depending on the property location. 90% financing is offered up to $3mil loan amounts. Read more options under the Jumbo Purchase page above.
- Investment properties are also permitted but require a minimum 20% down payment, 80% LTV max.
Qualifying Properties:
- Single Family, Town Homes and select Condos only. This includes newly constructed spec homes being sold to you directly by the home builder.
- Only existing homes in overall good repair, and decent move-in condition.
- Lot loans, rehab homes, and acreage are not permitted. Jumbo Construction permanent financing is allowed with special requirements. Please read the complete guide about Jumbo loans for new construction.
VA Jumbo Mortgage:
Current military personnel and past Veterans can read about special VA High Balance Jumbo Loans. 100% VA Jumbo mortgages up to $4m loan amounts, with all the same great advantages of a standard VA loan.
Please learn more about all Jumbo financing options under the Jumbo Purchase page above.
Questions? Please call Jumbo Mortgage Source today, or just submit the Quick Contact form on this page for expedited service 7 days a week. We try to respond to all submitted requests within 10 minutes during normal business hours.
Serving all major markets: Atlanta, New York, Los Angeles CA, Miami, Chicago, Houston, Phoenix, Philadelphia, San Antonio TX, San Diego, Dallas, Detroit, Indianapolis, San Francisco, Memphis, Baltimore, Charlotte, Austin, Boston, Seattle, Washington, Denver, DC, Honolulu, Minneapolis, Grand Rapids, Raleigh, St. Louis, Tampa, Orlando, Las Vegas, Nashville, Oklahoma City, Portland, Jacksonville, Kansas City, Cleveland, Cincinnati
