Jumbo Loan Specialist  ·  NMLS #1982189  ·  120+ Lenders

Jumbo financing isn't
a bigger conventional loan.
It's a different underwriting game.

Above the conforming limit, there's no Fannie Mae or Freddie Mac backstop. Every lender writes their own rules — on reserves, income documentation, down payment, and rate. That variability is exactly where a broker with 120+ lenders creates an advantage.

💎 Jumbo Loan Specialist
Stars · Google Reviews
🏠 NMLS #1982189
120+
Lender Options
States Licensed
Google Rating
Verified Reviews
Why Jumbo Is Different

No standard program.
No standard answer.

Conventional loans follow Fannie Mae and Freddie Mac guidelines. Jumbo loans don't. Once you're above the conforming limit, each lender determines its own minimum credit score, reserve requirements, acceptable income types, and rate pricing. The same borrower with the same file can receive dramatically different outcomes depending on which lender reviews it.

"On a jumbo file, I'm not just finding a lender who will say yes. I'm finding the lender whose program treats your income, assets, and loan size the most favorably — those are different questions."

This page is for you if…
  • You're purchasing above the conforming limit — $832,750 in most counties, higher in designated high-cost areas
  • Your income includes bonus, RSU, or commission and you've had a lender tell you those components don't count
  • You're self-employed or have multiple income streams and standard income averaging understates your actual earnings
  • You have significant assets but variable income — asset depletion programs may qualify you on net worth rather than W-2
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The Broker Advantage

Jumbo is where lender
selection matters most.

On a conforming loan, lender differences are mostly about rate. On a jumbo loan, they're about whether you qualify at all — and if so, at what terms. Reserve requirements can range from 6 to 24 months. Down payment requirements typically start at 20%, with select lenders permitting less through structured financing. Some lenders won't touch bonus income; others will. Some will accept asset depletion; many won't. I work with 120+ lenders specifically to navigate this variability — and to bring your file to the institution whose program is built for a borrower like you. Buyers optimizing early payments sometimes also consider ARM financing on jumbo amounts, where the payment differential over a 7-year fixed period is most meaningful.

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What We Handle

Three jumbo profiles where lender selection changes the outcome.

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High-Income W-2 Borrowers
Pilots, executives, and high earners with base salary plus variable comp — bonus, RSU, override pay. Standard income averaging often understates current earnings. We find lenders who account for comp structure, not just last year's W-2. (See our pilot & aviation loan programs for income-specific guidance.)
📊
Complex & Multi-Stream Income
Self-employed borrowers, business owners, or those with income across W-2, 1099, rental, and K-1 sources. Jumbo lenders vary significantly on how they aggregate and document these streams. File presentation and lender matching both matter here.
🏦
Asset-Based Qualification
High net worth borrowers with significant liquid assets but lower or irregular income can qualify through asset depletion — a calculation that treats assets as imputed monthly income. Not all lenders offer this; the ones who do apply it differently. Borrowers building investment portfolios alongside a primary purchase often pair this with DSCR investor financing.
FAQ

Jumbo loan questions, answered straight.

What qualifies as a jumbo loan?
A jumbo loan is any mortgage exceeding the conforming loan limit — $832,750 in most U.S. counties for 2026, with higher thresholds in designated high-cost markets. Above that limit, loans can't be sold to Fannie Mae or Freddie Mac, so lenders set their own guidelines. That's what makes jumbo lending structurally different from conventional loans.
Do jumbo loans require 20% down?
20% down is the standard for most jumbo lenders. However, some lenders allow a combined LTV (CLTV) of 89.99% — meaning the first mortgage stays at 80% LTV, and a simultaneous HELOC covers the remaining 9.99%. You bring 10.1% to closing. The first mortgage qualifies as a clean 80% LTV jumbo. The HELOC fills the gap. No PMI on either. The result is a fully jumbo-financed purchase at just over 10% down — without the penalties that typically come with low down payment financing. Not every lender permits this structure, and rate/term coordination matters, but it's a legitimate and often overlooked option for borrowers who want to preserve liquidity.
Are jumbo mortgage rates higher than conventional?
Not necessarily. Jumbo rates price independently from conforming loans and fluctuate based on the lender, loan size, borrower profile, and market conditions. In some environments, jumbo rates have been lower than conventional. The spread is variable — another reason lender selection on jumbo has a larger impact than on any standardized program.
How do lenders treat bonus and RSU income on a jumbo file?
Most require a two-year history before including variable comp in qualifying income, averaged over that period. Jumbo lenders diverge significantly on sign-on bonuses, unvested RSUs, and future grant projections. Some programs are more accommodating than others — and identifying which lender's guidelines best match your comp structure is part of the work upfront.
What reserves are typically required for a jumbo loan?
Reserve requirements vary by lender and loan amount, commonly ranging from 6 to 24 months of PITI. Liquid assets, retirement accounts, and brokerage holdings typically count — though lenders may apply haircuts to illiquid or retirement assets. Documenting reserves correctly is often as important as meeting the threshold. If you're already in a jumbo loan and considering a rate or term change, jumbo refinancing follows the same lender-selection discipline as the original purchase.

120+ lenders.
One who's right for your file.

Free consultation. No obligation. Get clarity on your options — same-day response.

(206) 949-5563  ·  elliott@yourmortgagecopilot.com  ·  Erie, Colorado  ·  Licensed in States