Financing for homes beyond the limits.
When the home you want costs more than conforming loans allow, jumbo financing steps in, often at surprisingly competitive rates, and never with monthly mortgage insurance.
No SSN required. Zero impact to credit. Your information is never sold.
Financing beyond conforming limits
A jumbo loan is a mortgage that exceeds the conforming limits set by the Federal Housing Finance Agency, built for high-value properties and expensive markets. Loans above roughly $806,500 (higher in high-cost counties) fall into jumbo territory.
Because Fannie Mae and Freddie Mac can't buy these loans, lenders hold them or sell to private investors. That means different underwriting standards, and why shopping multiple wholesale lenders through a broker like Edge genuinely matters here.
- ✓ Finance high-value properties without conforming constraints
- ✓ Rates often comparable to conventional financing
- ✓ Loan amounts from conforming limits to $5 million or more
- ✓ Available for primary residences, second homes, and investment properties
The jumbo loans process
Four steps, explained in plain English at every one.
Prepare your profile
Strong credit (ideally 740+), documented reserves, and organized financials set you up.
Pre-qualify and compare
Edge shops your scenario across jumbo-experienced wholesale lenders.
Apply
Make your offer and submit with comprehensive documentation.
Close
Detailed appraisal, final underwriting, and keys to your property.
No credit pull. No obligation.
Jumbo qualification, in plain English
Expect a 700 minimum credit score (720+ for the best terms), 10-20% minimum down, DTI around 43% or lower, and cash reserves of 6-12 months of payments for larger loans. Income documentation is thorough: tax returns, pay stubs, and liquid asset verification, subject to credit approval.
It's more paperwork than a conforming loan, but that's the trade for financing at this scale, and Ky will keep the process organized so it never feels chaotic.
Jumbo Loan Qualifier
Check your eligibility in one minute. No SSN, no credit pull, no pressure.
Takes about a minute.
What jumbo financing gets you
High loan amounts
From conforming limits up to $5 million or more.
Competitive rates
Often comparable to conforming rates for well-qualified borrowers, and sometimes below them.
No mortgage insurance
No PMI regardless of down payment size, even at 10% down.
Portfolio flexibility
Leverage real estate without liquidating investments.
Property flexibility
Primary residences, second homes, vacation properties, and investments.
Broker advantage
Jumbo underwriting varies by lender, so shopping multiple lenders pays off most here.
Common questions about jumbo loans
Have one that's not here? Just reach out.
Are jumbo rates higher than conventional?
Not necessarily. Jumbo rates are often competitive with or below conforming rates for well-qualified borrowers. It comes down to credit, down payment, reserves, and market conditions.
Do I need mortgage insurance on a jumbo loan?
No. Jumbo loans don't require PMI regardless of down payment. Even at 10% down there's no monthly mortgage insurance.
Can I get a jumbo loan with less than 20% down?
Yes, many lenders offer 10-15% down for strong profiles (720+ credit, low DTI, solid reserves). Terms are best at 20%+.
Can I use gift funds for my down payment?
Varies by lender. Some allow gifts for part of it, but typically at least 5-10% must be your own documented funds.
What if I'm self-employed?
You can absolutely qualify. Plan on two years of personal and business returns, P&L statements, and proof of business stability. Jumbo underwriting scrutinizes self-employment income closely.
Can I use a jumbo loan for an investment property?
Yes, typically with 25-30% down, 12+ months of reserves, and slightly higher rates than owner-occupied.
Big loan. Same honest process.
Get a no-cost jumbo quote shopped across multiple wholesale lenders, where comparison matters most.
Quick • No credit pull • Just real numbers
Jumbo loans are non-conforming mortgages exceeding FHFA loan limits. Minimum credit score, down payment, and reserve requirements apply. Property appraisal required. Not all applicants will qualify. Loan amounts and requirements vary by lender. Higher credit scores and larger down payments result in better terms. All loans subject to credit approval. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. This is not a commitment to lend. Licensed in Minnesota.