Need a Loan Over $832,750 ?
Get Pre-Approved in 24 Hours — Jumbo loans up to $3 million with down payments as low as 10%. Close in as fast as 21 days.
Why Borrowers Choose Loan Factory
Jumbo loans require specialized portfolio lenders and experience. Loan Factory helps borrowers compare available jumbo loan options rather than pushing a single lender solution.
We compare 240+ lenders for you
Transparent, side-by-side comparisons
No hidden fees
AI-powered TERA platform
Fast, Reliable, and Expert Service
Our team delivers quick, dependable service with honest, expert advice every step of the way.
Jumbo Loan Options for Every Need
We compare 240+ lenders to find jumbo programs tailored to your property and financial picture.
A Supportive Partner From Start to Finish
From pre-approval to closing, we're here to guide you and make the process simple and transparent.
See Your Personalized Jumbo Loan Options
Answer a few quick questions about your property to see which jumbo loan programs may fit your situation.
Understanding Jumbo Loans
What is a Jumbo Loan?
A jumbo mortgage is a home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). For 2024, the conforming loan limit is $766,550 in most areas, and up to $1,149,825 in high-cost areas. Jumbo loans are designed for buyers purchasing high-value properties.
Luxury Properties
Finance high-value homes above conforming loan limits.
Higher Limits
Borrow up to $3 million for the right property.
Competitive Rates
Portfolio lenders compete for your business.
Why Choose Jumbo?
Loan Amounts Above Limits
Finance well beyond conforming loan limits.
Competitive Interest Rates
Portfolio lenders offer rates that rival conforming loans.
Multiple Property Types
Primary homes, second homes, and investment properties.
Fixed & Adjustable Rates
Choose the structure that fits your plans.
Portfolio Diversification
Keep more of your assets invested, not tied up in home equity.
Flexible Terms
Terms built around your financial picture.
Eligibility
Credit Score 620+
Most programs accept scores as low as 620 with compensating factors.
Debt-to-Income
A manageable DTI ratio relative to the loan amount.
Stable Income
Documented income or assets that support the payment.
Not sure if you qualify?
Jumbo loan guidelines vary widely by lender — a quick review helps match your scenario with the right portfolio lender.
Submit your info
Tell us about your property, income, and loan goals.
We review eligibility
We match your scenario against lender overlays and guidelines.
Get personalized guidance
Receive clear next steps, with no pressure to proceed.
A Clear Path to Your Jumbo Loan
Four simple steps from pre-approval to closing.
Get Started
Submit basic information about your property and loan goals — no credit impact.
Quick StartCompare Lender Options
We match your scenario against 240+ wholesale lenders and portfolio programs.
Side-by-SideGet Pre-Approved
Receive a pre-approval decision in as fast as 24 hours.
Fast ReviewClose With Confidence
Lock your rate and move toward closing in as fast as 21 days.
No PressureWhat Our Clients Say
I would give Lucy and Kimberly 6 stars if I could, because 5 stars simply aren’t enough to describe how amazing they are ⭐⭐⭐⭐⭐⭐ A huge thank you to Lucy and my agent, Kimberly, for their incredible support throughout my home-buying journey! Both of them were absolutely wonderful. They were patient, knowledgeable, dedicated, and genuinely caring. They guided me through every step, answered all my questions, and went above and beyond to make sure everything went smoothly. Buying a home can be stressful, but having Lucy and Kimberly by my side made the entire experience so much easier and more enjoyable. I’m truly grateful for their hard work, time, and dedication in helping me make my dream of owning a home come true. If you’re planning to buy a home, I highly recommend Lucy and Kimberly. You will be in the best hands! Thank you both from the bottom of my heart. You deserve more than 5 stars!
If you are in need of a realtor Roberto Soto is the one for you. 10/10 experience! Roberto made our first home purchase come true he was always available to answer any questions and help out with anything. He made our closing process easy as could be, we couldn’t have asked for a better realtor than Roberto. Loan Factory is the way to go!
Thank you, Amilia and Evelyn, for helping my sister throughout the process! This is not first time working with Amilia, everything went smoothly. We truly appreciate your support, and excellent service.
Frequently Asked Questions
What is a jumbo loan?
A jumbo mortgage is a home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). For 2024, the conforming loan limit is $766,550 in most areas, and up to $1,149,825 in high-cost areas. Jumbo loans are designed for buyers purchasing high-value properties.
What credit score do I need for a Jumbo Loan?
Most lenders require a minimum credit score of 680-700 for jumbo loans, though some programs accept scores as low as 620 with compensating factors like larger down payments or significant reserves. Higher credit scores typically qualify for better interest rates.
How much down payment is required?
Down payment requirements for jumbo loans typically range from 10-20%, though some programs offer as little as 5% down for qualified borrowers. The exact amount depends on factors like your credit score, debt-to-income ratio, and the loan amount.
What types of properties are eligible?
Jumbo loans can be used for various property types including primary residences, second homes, vacation properties, and investment properties. Both single-family homes and condominiums may qualify, subject to lender guidelines.
How much in reserves do I need?
Lenders typically require 6-18 months of mortgage payments in liquid reserves after closing. This demonstrates your ability to continue making payments even if your income is temporarily disrupted. The exact requirement depends on the loan amount and your overall financial profile.
Can self-employed borrowers qualify?
Yes! Self-employed borrowers can qualify for jumbo loans. You'll typically need to provide 2 years of personal and business tax returns, year-to-date profit and loss statements, and documentation of your business ownership. Bank statement programs may also be available.
Don't Miss Out — Rates May Rise Soon
Get Your Jumbo Loan Options Reviewed Today — A quick review can help you understand your options and next steps, with no impact to your credit score.