Jumbo
Above the limit, without the runaround.
Jumbo and super-jumbo financing to $25 million for primary homes, second homes, and investment property, with full-doc, asset-based, and alternative documentation paths.
What makes this loan different
- Loan amounts to $25 million
- Full documentation and asset-based qualification
- Interest-only and ARM structures available
- Non-warrantable and unique properties considered
Who this is built for
- High-balance purchases above agency limits
- Borrowers with complex compensation
- Luxury second homes and trophy properties
Jumbo is not one market
Below about $3 million, jumbo pricing is competitive and fairly standardized. Above that, you are dealing with portfolio lenders and private banks whose appetite varies by quarter, by property type, and by the shape of your balance sheet.
Shopping that bench properly is where the value is. Two lenders quoting the same day on the same file can differ by half a point and several weeks of timeline.
Documentation options
Full doc, asset utilization, bank statement, and hybrid structures are all available at jumbo balances, which matters for founders and executives whose income is mostly equity and distributions.
What lenders typically ask for
- Two years of tax returns and W-2s for full-documentation programs, or the documentation matching an alternative-documentation jumbo
- Thirty days of pay stubs and year-to-date earnings where applicable
- Asset statements covering down payment, closing costs, and reserves
- Credit report and ID
Requirements vary by lender and by file. This is a general picture of what is commonly requested, not a checklist for a specific loan.
Worth knowing
Reserves are typically the tightest requirement.
Post-closing reserve requirements on jumbo financing are generally more demanding than on agency loans and often scale with loan size. This is the requirement borrowers most often underestimate.
The threshold is local.
What counts as jumbo depends on the conforming limit in the specific county, which changes annually. A loan that is jumbo in one market is conforming in another.
Appraisal requirements can be heavier.
Some lenders require a second appraisal or a desk review above certain loan amounts, which adds cost and time.
Alternative-documentation jumbo exists.
Bank statement, asset utilization, and other methods are available at jumbo loan sizes. Pricing and equity requirements differ from full-documentation jumbo, sometimes considerably.
See what this program would take in your case.
We are brokers — this program is shopped across hundreds of wholesale lenders, not quoted off one rate sheet. A short application gives us enough to compare real options.
Program availability, terms, guidelines, and documentation requirements vary by lender and are subject to underwriting and change without notice. This is not a commitment to lend.