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Jumbo Loan

High-Value Financing
Without the Limits

Jumbo loans finance homes that exceed conforming loan limits — with fixed and adjustable rate options, competitive terms, and maximum flexibility for qualifying borrowers.

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Jumbo Loan — Lendmire
Program Highlights

Financing built for homes
that exceed the standard.

Above conforming limitsDesigned for loan amounts exceeding FHFA limits

Up to 89.99% LTVOn primary residences depending on loan size and profile

Fixed & adjustable ratesChoose the rate structure that fits your long-term plans

Primary, second & investmentAvailable for multiple occupancy types

Single loan structureFinance the full amount under one mortgage — no splits

No prepayment penaltiesPrograms available with full prepayment flexibility

Luxury & high-cost marketsIdeal for buyers in premium real estate markets

Multiple lender optionsLendmire compares jumbo programs across top wholesale lenders

Custom loan structuringTailored to your income, assets, and financial profile

At a Glance

Program Snapshot

Loan Start Point
Above conforming limit
2025 Conforming Limit
$806,500 (most areas)
Max LTV — Primary
Up to 89.99%
Occupancy Types
Primary, second, investment
Rate Types
Fixed & adjustable
Backed By
Non-conforming (private)
Documentation
Full doc required
Reserves
Typically 6–12 months
Prepayment Penalty
None (most programs)
Loan Structure
Single mortgage

LTV limits, reserve requirements, and credit standards vary by lender, loan amount, and borrower profile. All loans subject to underwriting approval.

The Basics

What Is a Jumbo Loan?

A jumbo loan is a non-conforming mortgage used to finance properties that exceed the conforming loan limits set annually by the Federal Housing Finance Agency (FHFA). For 2025, the baseline conforming limit is $806,500 in most U.S. markets — any loan above this threshold is considered a jumbo loan.

Because jumbo loans are not backed by Fannie Mae or Freddie Mac, they are funded by private lenders under their own guidelines. This typically means stricter credit, income, and asset requirements — but also greater flexibility in loan size and structure for qualified borrowers.

One loan instead of two

Some buyers attempt to avoid jumbo territory by splitting their financing into a first and second mortgage (a "piggyback" loan). A true jumbo loan simplifies this by consolidating financing into a single mortgage — one rate, one payment, one lender relationship — often at more favorable terms for well-qualified borrowers.

Loan Terms

Fixed & Adjustable Rate Options

Fixed Rate Programs
  • 15-Year Fixed
  • 20-Year Fixed
  • 30-Year Fixed
  • Predictable payment for the life of the loan
  • Best for long-term ownership plans
Adjustable Rate Programs
  • 5/6 ARM
  • 7/6 ARM
  • 10/6 ARM
  • Lower initial rate with planned adjustment periods
  • Best for buyers with defined ownership timelines
Eligibility

Who Qualifies & Eligible Properties

Typical Borrower Profile

Jumbo loans require stronger qualification than conforming mortgages. Lenders typically look for:

  • Credit score of 700 or higher (720+ preferred)
  • Full documentation of income and assets
  • 6–12 months of reserves post-closing
  • Debt-to-income ratio typically below 43–45%
  • Strong employment history or documented self-employment
  • Clean credit profile — limited late payments or derogatory marks

Eligible Property Types

  • Single-family luxury homes
  • High-value primary residences
  • Second homes and vacation properties
  • Some investment properties (program dependent)
  • Properties in high-cost metro areas
  • Condominiums and townhomes (lender review required)
LTV Guidelines

Loan-to-Value by Occupancy & Loan Size

Primary Residence

Highest LTV available for owner-occupied properties:

  • Up to 89.99% LTV on eligible loan amounts
  • LTV decreases as loan amount increases
  • Stronger credit profile supports higher LTV
  • Full income and asset documentation required
  • Reserve requirements vary by loan size

Second Home & Investment

Lower LTV limits typically apply to non-primary occupancy:

  • Second home LTV typically up to 75–80%
  • Investment property LTV varies by lender
  • Higher reserve requirements than primary
  • Stronger credit score typically required
  • Rental income may or may not be counted
Who It's For

Financing for those who
demand more from their mortgage.

Luxury Home Buyers

Finance high-value properties in premium markets with a single, streamlined mortgage rather than splitting across multiple loans

High-Cost Markets

In markets where median home prices exceed conforming limits, jumbo loans are the standard path to homeownership — not a luxury product

Executives & Professionals

High-earning borrowers with complex income structures — bonuses, RSUs, or self-employment — benefit from jumbo programs designed for sophisticated profiles

Second Home Buyers

Finance vacation properties and second homes above conforming limits with fixed or adjustable rate structures tailored to your plans

Rate Flexibility

Adjustable rate jumbo programs offer lower initial rates for buyers with defined ownership timelines — often significantly below 30-year fixed rates

Multiple Lenders

Lendmire compares jumbo loan programs across top wholesale lenders to find the best rate, LTV, and structure for your specific profile

Compliance Notice

Lendmire complies with all federal and state mortgage regulations. Jumbo loan terms, approval, and availability are based on credit score, income documentation, property type, occupancy, and lender underwriting guidelines. LTV limits vary based on loan amount and borrower qualifications.

A Loan Estimate (LE) will be provided upon receipt of a completed application and required documentation. Jumbo loans are non-conforming products not backed by Fannie Mae, Freddie Mac, or any government agency. Lendmire LLC — NMLS #2371349. This is not a commitment to lend. All loans subject to credit and collateral approval.

Get Started

Ready to finance your
next home?

Tell us about the property and your goals. We'll compare jumbo programs from multiple lenders and find the right structure for you.

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