Jumbo/Non-Conforming

You may need a jumbo loan if the amount you need to borrow is over the federal conforming loan limits in your county.  Check this map to see conforming loan limits across the U.S.

 

Qualifying for a Jumbo Loan​​​

  • U.S. citizen or permanent resident.

  • A monthly payment - including taxes and insurance - that does not exceed 41% of your income.  Other monthly debt (including new payment) cannot exceed 45% of your income. 

  • Dependable income for a period of 24 months.

  • A credit score of at least 700.

  • A down payment of at least 10% is required.

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