Mon - Fri, 8 am - 10 pm ET, Sat 10 am - 4 pm ETMonday through Friday, 8 am - 10 pm ET, Sat 10 am - 4 pm ET
Take a closer look at jumbo loans.
A larger loan for when you need more than the standard loan limit.
What is a jumbo loan?
A jumbo loan is anon-conforminghome loan that exceeds standard loan limits. It’s designed to finance high-value properties or properties in high-priced locations. In most markets, a jumbo loan covers anything above the standard limit of $647,200. In areas like Hawaii, Alaska, or some other states’ counties, the limit’s higher, at $970,800, to account for competitive real estate markets.
Available for many property types.
Use a jumbo loan to finance primary homes, vacation homes as well as investment properties.
More than just home purchases.
You can also refinance a jumbo loan to adjust the term length, to lower your rate, or, if it’s for a primary home, to take cash out for home projects, bills, or other financial goals.
Flexible down payment options.
We offer down payments from as low as 10% (90% loan-to-value). Keep in mind, you’ll need to budget 2 to 5% of your loan amount for closing costs. If you’re refinancing, you may have the option to include this in your total loan amount.
Your loan, your terms.
We offer a variety of term lengths for both fixed- and adjustable-rate mortgages.
A jumbo-sized decision calls for a lender you can trust.
Our features and know-how set us apart as a leader in the online mortgage world.
Competitive pricing and a fast application process.
We offer consistently competitive rates and loans up to $4 million. Plus, with state-of-the-art technology, you can complete an application in as little at 15 minutes.
No lender fees.
Unlike most big banks and lenders, we don’t charge lender fees. This means you won’t pay for the application, origination, processing, or underwriting of your loan.
Expertise you can count on.
Rely on a qualified team that's helped thousands. Give us a call at 1-855-283-2559Monday - Friday, 8 am - 10 pm ET and Saturday 10 am - 4 pm ET.
Track your progress, on the go.
You’re in control with our modern, digital home loan experience. Securely upload files, eSign application documents, and lock in your rate, all from your computer or phone.
A loan is considered jumbo if it exceeds the conforming (standard) loan limits. In most areas, this is $647,200-$970,800, varying by county. We require at least a 10% down payment on all jumbo loans.
Your rate is based on today's mortgage rates and current housing market, but we also factor in your credit score, property location, loan amount, type and term to get you a personalized, up-to-date rate.
The interest rate is the rate of interest charged on a home loan and can be fixed or variable, depending on which loan you choose.
The APR is a measure of the cost to you for borrowing money. The APR includes your interest rate, points, fees, and other charges associated with your loan – that's why it’s usually higher than your interest rate.
You can get pre-approved completley online. Fill out our online application, and if you're approved, you'll be able to access your pre-approval letter within minutes.
What you should know about getting pre-approved with us:
We'll check your credit. During pre-qualification we only perform a soft credit check, which does not affect your score. Later on in the process we may perform a hard credit check (with your permission, of course). Keep in mind, any other home loan credit checks within 30-45 days are treated as one inquiry, so multiple inquiries during this time won't additionally impact your score.
There are no fees or documents needed to get pre-qualified. We'll only ask for documents if you want to move forward with your application.
Yes. Fannie Mae's HomeReady mortgage program is designed to help first-time buyers and those who have limited down payment funds or unique circumstances.
Standard loan terms. We offer a 30-year fixed rate term for this program.
Flexible down payment options. You may be able to put as little as 3% down with the potential to save on Private Mortgage Insurance.
Homeownership education course. To help set you up for financial success, you'll need to complete an online education course as a requirement for your loan.
Every situation is different, but when we review your home loan application, we look at your:
Credit score. This is determined by things like payment history and how long you've had credit. We'll use this number to figure out how likely you are to pay back your loan and what interest rate you'll get.
Debt-to-income ratio. This percentage is your total monthly expenses divided by your gross monthly income.
Down payment. This is the amount paid up front when you purchase a home and isn't part of the loan. The higher the down payment, the less risky you seem to a lender — which could mean a lower interest rate, too.
Employment history. We want to make sure you'll be able to afford your home, so proof of income is important.