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Jumbo Loans
Down Payment Assistance Program
Jumbo loans offer increased borrowing limits, allowing you to finance larger, more luxurious properties, with loan amounts available starting at $806,500. These loans can be personalized, providing competitive rates and terms tailored to your needs.
Jumbo Advantages
Higher Loan Amounts
Designed to finance properties that surpass the price range covered by conforming loans, enabling the purchase of luxury homes or properties in high-cost areas.
Flexible Guidelines
Accommodates diverse financial situations with more adaptable criteria for income verification and calculation, catering to varied borrower needs.
Rate Options
Fixed rate and adjustable rate mortgage (ARM) options tailored to your needs.
Jumbo Loan Requirements
Here's what you'll need to get started.
- Credit Score Generally, minimum credit score of 700-720
- Debt-to-income ratio 43%-45% DTI depending on AUS
- Loan-to-value ratio Max LTV of 80%
- Loan Amount Must exceed conforming loan limits set by FHFA
Qualifications
The home loan that unlocks opportunities
Qualifications
The home loan that unlocks opportunities
- Exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA)
- Purchases or Refinances (No first-time homebuyer requirement)
- Single Family Homes (1-4 units), Condominiums, Townhouses, Second Homes, or Investment Properties
Connect with a Loan Expert
Our Loan Experts are available to answer all your questions.
Jumbo Loan FAQs
What is a jumbo loan, and how is it different from a conventional loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. For 2025, the limit is $806,500 in most areas and $1,209,750 in high-cost areas. Since jumbo loans are not backed by government-sponsored entities, they have stricter credit, income, and down payment requirements compared to conventional loans.
What credit score do I need to qualify for a jumbo loan?
At Land Home Financial, we typically require a minimum credit score of 700-720 for jumbo loan approval. However, borrowers with strong financial profiles may qualify with slightly lower scores, depending on other compensating factors such as down payment and cash reserves.
Do jumbo loans require private mortgage insurance (PMI)?
No! One of the advantages of our jumbo loan program is that PMI is not required, even if you put down less than 20%. Instead, we structure loans to align with borrower financial strengths, ensuring competitive terms without additional insurance costs.