JUMBO LOAN SERVICES

Jumbo loans carry a loan amount surpassing the conforming loan limits set by the Office of Federal Housing Enterprise Oversight (OFHEO). They typically carry more credit risk than those issued by Fannie Mae or Freddie Mac, which calls for different underwriting guidelines.

Eligible programs:

  • 15-year fixed

  • 30-year fixed

Occupancy:

  • Primary Home

  • Secondary Home

Primary / Secondary Residence Purchase / Refinance:

  • Loan Amounts over $806,500

  • MAX LTV up to 80%, some investors will allow up to 90% LTV

  • Cash-out up to 80% (in Texas)

  • Max DTI 43% - some investors will allow up to 50% DTI

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*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.