Jumbo Loans

Jumbo loans aren't backed by Fannie or Freddie, so each investor sets their own underwriting criteria, pricing model, and reserve requirements. That's why two lenders can quote you wildly different terms on the same loan — they're pulling from different capital sources.

We maintain direct relationships with more than a dozen jumbo investors, including portfolio lenders, private banks, and credit unions. That network is how we land jumbo rates that often beat conforming pricing — something that would have been impossible a decade ago.

The 20% down jumbo myth is also outdated. We routinely close jumbo loans with 10% down up to $1.5M, and 15% down well above that. With the right profile, we've structured $2M loans with as little as 10% down using a piggyback second mortgage.

For very high-net-worth borrowers, asset-based qualification opens the door to even more aggressive structures — sometimes $0 down against pledged investment accounts.

Jumbo underwriting cares about the full picture. Expect to provide two years of tax returns (personal and business), 60 days of asset statements, employment verification, and reserves — typically 6 to 12 months of mortgage payments held in liquid accounts after closing.

If you're self-employed, a business owner, or paid heavily in equity comp, we package the file in a way that tells your story clearly to underwriters. That packaging is often the difference between a quick approval and a month of follow-up requests.

For high-income borrowers with strong cash flow management, an interest-only jumbo can free up significant monthly cash for investments, business needs, or other goals. Most IO programs offer a 10-year interest-only period before converting to fully amortizing payments.

Adjustable-rate jumbos (typically 7/6 or 10/6 ARMs) often price 0.5%–1% below the 30-year fixed and can be the right call if you don't expect to hold the property — or the loan — long term.

Jumbo loans get a reputation for being slow because most lenders touch them so rarely they have to relearn the process every time. We close jumbos every week, with a dedicated underwriting desk on our investor side. Most of our jumbo files close in 25–30 days, with rush options as fast as 18 days when needed.