Jumbo Loan
A Jumbo Loan gives you more room to move—literally. If you’re exploring a higher-priced home or a property in an area with rapidly growing values, a Jumbo Loan can offer the financing power you need beyond standard conforming loan limits. At Future Home Loans, we help buyers navigate large loan financing with confidence, clarity, and a streamlined experience. Whether you’re looking for more space, premium features, or a long-term investment, we’re here to make the process as smooth as possible.
What is a Jumbo Loan?
A Jumbo Loan is designed for buyers purchasing a home that exceeds conventional loan limits. With flexible financing options, competitive rates, and the ability to secure higher-value properties, a Jumbo Loan may be a strong fit for buyers looking to expand their space, upgrade their lifestyle, or invest in premium real estate.
About Jumbo Loan Rates
Because Jumbo Loans are not backed by government agencies like Fannie Mae or Freddie Mac, rates are determined by market conditions, loan structure, and borrower profile. Many borrowers are pleasantly surprised to find that Jumbo Loan rates can be competitive, particularly for strong credit and low-risk scenarios. Fixed or adjustable terms may be available depending on eligibility.
Jumbo Loan Requirements
Minimum Credit Score
Typically 700+ recommended, although we may allow lower scores with stronger compensating factors such as higher reserves, lower DTI, or a larger down payment.
Minimum Down Payment
10% – 20%+ depending on credit profile, property type, and loan amount.
MAX LTV
Commonly 80% – 90%, depending on loan structure and borrower strength.
Max DTI
Often ≤ 43% DTI, though automated or exception-based approvals may vary.
What type of home can I buy with a Jumbo Loan?
✔ Single-family homes
✔ Townhomes and condos
✔ Luxury and high-value properties
✔ Multi-unit residences (select programs)
✔ Primary, secondary, and investment properties
✔ Townhomes and condos
✔ Luxury and high-value properties
✔ Multi-unit residences (select programs)
✔ Primary, secondary, and investment properties
Who is eligible for a Jumbo Loan?
Since Jumbo Loans carry higher loan amounts, lending guidelines can be more selective. Requirements may include:
Credit Score: Typically 700+ recommended
Debt-to-Income Ratio: Often ≤ 43%, though eligibility varies by loan structure and reserves
Down Payment: Commonly 10% – 20%+ depending on the property and borrower profile
Cash Reserves: May require 6–12+ months of reserves
Property Use: Eligible for primary residences, second homes, and investment properties
Credit Score: Typically 700+ recommended
Debt-to-Income Ratio: Often ≤ 43%, though eligibility varies by loan structure and reserves
Down Payment: Commonly 10% – 20%+ depending on the property and borrower profile
Cash Reserves: May require 6–12+ months of reserves
Property Use: Eligible for primary residences, second homes, and investment properties
How to Get Approved
Getting approved for a Jumbo Loan can feel more detailed than a standard mortgage, but with the right preparation, it’s a smooth process. Here are the key steps that help strengthen eligibility:
✔ Build and maintain strong credit: A score around 700+ is commonly recommended. Paying down credit balances and avoiding new debt during the process can help support approval.
✔ Prepare for a higher down payment: Many buyers qualify with 10–20%+ down, depending on the price point and overall credit profile.
✔ Keep your debt-to-income ratio in a healthy range: Lenders often look for a DTI around 43% or lower, though there may be flexibility with strong reserves or financial stability.
✔ Have sufficient cash reserves: Because Jumbo Loans carry larger loan amounts, borrowers may be asked to show 6–12+ months of reserves after closing.
✔ Document income and assets clearly: Strong, verifiable income helps demonstrate ability to repay. Gather W-2s, tax returns, pay stubs, or business financials if self-employed.
You don’t have to prepare all of this alone — Future Home Loans can walk you through each step and help you understand what’s needed based on your financial goals.
✔ Build and maintain strong credit: A score around 700+ is commonly recommended. Paying down credit balances and avoiding new debt during the process can help support approval.
✔ Prepare for a higher down payment: Many buyers qualify with 10–20%+ down, depending on the price point and overall credit profile.
✔ Keep your debt-to-income ratio in a healthy range: Lenders often look for a DTI around 43% or lower, though there may be flexibility with strong reserves or financial stability.
✔ Have sufficient cash reserves: Because Jumbo Loans carry larger loan amounts, borrowers may be asked to show 6–12+ months of reserves after closing.
✔ Document income and assets clearly: Strong, verifiable income helps demonstrate ability to repay. Gather W-2s, tax returns, pay stubs, or business financials if self-employed.
You don’t have to prepare all of this alone — Future Home Loans can walk you through each step and help you understand what’s needed based on your financial goals.
Ready to Move Forward?
Whether you’re just exploring loan options or you’re ready to begin the process, we’re here to make it easier. Get clear guidance, fast answers, and a pre-approval experience built around your goals.