Jumbo Loans

Looking for a property that requires a large loan? If you have the credit score, income and down payment necessary, a jumbo loan could be your best option. Contact one of our loan officers to see if you qualify, today!

Frequently Asked Questions

How is a jumbo loan different from a conforming loan?

Jumbo Loans are loans that go outside the limits of a conforming loan and enable you to get a mortgage outside those limits if you can qualify. Conforming mortgages are Freddie Mac and Fannie Mae-backed loans with limits of $484,350 in all states except Alaska, Hawaii, Guam or the U.S. Virgin Islands, where the limit is $726,525.

What are the typical credit requirements for jumbo loans?

To qualify for a Jumbo Loan with the best possible rate, we look for a strong income history, a low Debt-to-Income ratio (DTI), a well sized down payment of 10-20%, and the ability to cover between 6 to 12 months of mortgage payments with cash reserves or assets.

What jumbo mortgage rates are available?

Jumbo mortgage rates depend on the amount of money you borrow, the loan type you choose, your credit, and standard market rates when you apply for the loan. That being said, for the most qualified buyers, APR can be as low as the rates on some conforming loans.

Are all your jumbo loans the same?

No, we offer a wide variety of jumbo loans depending on the location of the property you wish to purchase, your income, credit, if you want a fixed, adjustable or no interest loan, as well as other factors.

Do jumbo loans only apply for your primary residence?

No, you can use jumbo loans for second or vacation homes, as well as investment properties.

How much cash out can I get refinancing with a jumbo loan?

With some of the products we offer, you can get unlimited cash out refinancing if you and your home qualify.

Can you help buyers with non-standard borrower profiles?

In certain cases, we may have products that will be able to help your circumstance such as if you’re self-employed, have an unorthodox property, don’t have standard documentation, or need to borrow above 80% Loan-to-Value (LTV) with a smaller down payment.

What is the most I can borrow with your jumbo loans?

Typically, you can borrow up to 4 million with our Jumbo Loans but with some of the products we offer, you can get unlimited cash out refinancing if you and your home qualify.

excited family after purhcasing a home with a jumbo loan

A Jumbo loan is required if you’re buying a home that is above the conforming limits for mortgages in your area. If you have the credit score, income and down payment necessary to support a large loan on a property, a jumbo loan could be your best option to get you into your dream home.


When you may want to consider a Jumbo Loan

  • If you’re a borrower with a strong credit score and asset levels, and can put a significant amount down on the property
  • If you’re a buyer who needs a mortgage greater than the conforming limit of $726,525 in Alaska, Hawaii, Guam or the U.S. Virgin Islands or $484,350 everywhere else in the United States
  • If you’re a buyer who has the ability to easily cover higher-than-average monthly mortgage payments

Jumbo Loan Features

  • A Jumbo Loan enables borrowers to get home financing outside Fannie Mae or Freddie Mac conventional loan limits so that you can purchase the home of your choice
  • Jumbo Loans are flexible with loan types and amounts. Premier Plus Lending offers a variety of fixed, adjustable rate and interest-only mortgages with a maximum loan amount of $4 million dollars.
  • For highly-qualified buyers, you have the ability to borrow without mortgage insurance. We offer programs with a >80% LTV with no mortgage insurance needed with a maximum LTV of 90%.
  • Jumbo loans make only one mortgage necessary and can be appealing for those who don’t want to go through the hassle and costs of getting two conventional loans to cover the mortgage amount for your dream home.
  • Many times, Jumbo Loans offer interest rates competitive with conforming loans, if you qualify.
  • You can purchase or refinance with a Jumbo Loan which can help free up cash or refinance into a lower interest rate

Contact Us To Discuss Your Loan Options, Today!

We’re looking forward to helping you find the best loan options for your specific needs