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Non Conforming Jumbo Homes Loans Up to $3 Million

Jumbo loans are loans reserved for higher cost properties with high enough loan balances that do NOT conform to the loan limit requirements set by Fannie Mae and Freddie Mac.  When a loan amount reaches a certain point, Jumbo Loans can offer high-end financing that a traditional loan can not.

Over the past few years, some lenders have decreased their Jumbo Loan offerings and have made them harder to obtain, but as a correspondent lender, we can shop with various investors and get you the best rate possible on your Jumbo Loan.  Our jumbo loans offer maximum flexibility for home financing for larger loans.

There are 3 things that separate jumbo loan requirements from other types of loans:

1. Higher down payment minimums.

2. Higher Credit score requirements. You will need a higher credit score to get a jumbo loan, and your credit score has a greater impact on the loan terms.

3. Larger Reserve requirements. Every jumbo loan will require some amount of reserves, typically more than what would be required for a conforming loan. Reserves are cash that you have left over, after purchasing, that you retain.


Have questions?  Give us a call!  Amanda & team would be happy to answer all of your questions and get you started with a great low rate on your jumbo loan today!


Working with Amanda & Team

  • We put YOU first.
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. Amanda E. Garcia, First Home Mortgage can help you find the loan that is right for you!!!
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