Buying or refinancing above conforming loan limits? Our jumbo loan programs are built for luxury and high-cost-area California homes, competitive rates, flexible terms, and an experienced team that knows the segment.
A jumbo loan is any mortgage that exceeds the conforming loan limit set by Fannie Mae and Freddie Mac. In most of California, that means anything above about $806,500, and in high-cost counties like Los Angeles, above $1,209,750.
Because jumbo loans aren't backed by Fannie or Freddie, lenders set their own guidelines. Rates and terms can vary widely, which is exactly why working with an experienced broker like us pays off. We shop the best jumbo investors and structure the loan around your finances.
A jumbo loan is any mortgage that exceeds the conforming loan limits set each year by the Federal Housing Finance Agency. In most of the country, that limit is around $766,000 for a single-family home, but in high-cost California counties like Los Angeles, Orange, Ventura, San Mateo, and Santa Clara, the conforming ceiling is materially higher. Anything above the local conforming or high-balance limit is a jumbo, and that loan can't be sold to Fannie Mae or Freddie Mac, so it stays on the lender's books or is sold through private investor channels.
Because there's no GSE backstop, jumbo underwriting is tighter. Lenders typically want strong credit (usually 700-plus, with the best pricing at 740-plus), 10 to 20 percent down, lower debt-to-income ratios, and meaningful cash reserves, often six to 12 months of mortgage payments left in the bank after closing. The upside is that jumbo pricing in today's market is often competitive with, and sometimes better than, conventional, because lenders compete hard for affluent borrowers.
Jumbo programs are also where flexibility lives. Interest-only options, ARMs with longer fixed periods (7/6 and 10/6 SOFR), asset-depletion qualifying for retired borrowers, and bank statement programs for self-employed buyers are all more common in the jumbo space than in conventional lending. For California buyers in the $1M to $5M range, the right jumbo structure can save tens of thousands over the life of the loan.
Jumbo loans have stricter underwriting than conforming loans, but with the right profile, they're surprisingly accessible.
700+ is typical. Best rates kick in at 740+. Some programs go to 680 with stronger compensating factors.
Usually 10–20% for owner-occupied. Investment jumbo loans typically require 20–30%.
Most jumbo programs cap DTI at 43%, with some flexibility up to 50% for highly qualified borrowers.
Lenders often require 6–12 months of mortgage payments in reserves at closing.
Two years of W-2s or tax returns, recent pay stubs, and 2 months of bank statements. Self-employed borrowers may use bank-statement programs.
Primary, second, or investment property. Condos require additional review of the project's financials.
Anything above the conforming loan limit for your county. In Los Angeles County (2026), that's over $1,209,750. In standard counties, it's over $806,500.
Not always. For strong borrowers, jumbo rates are often within 0.125%–0.25% of conforming rates, and sometimes lower.
Typically 10–20% on a primary residence. The lower the down payment, the stricter the credit and income requirements.
Yes. We offer bank-statement jumbo programs that use 12–24 months of bank deposits instead of tax returns.
Yes, common for high-net-worth buyers who want flexibility. Typically structured as 10/40 or 10/30 IO loans.
30–45 days is typical. Strong-file loans with quick appraisals can close faster.
Free consultation and pre-approval. We'll structure the right jumbo loan for your situation.