Who it is for
- The price and down payment put the loan above the local conforming limit.
- You can document income and assets to a higher standard.
- You want more than one jumbo lender compared, not a single private bank.
How it usually works
- We confirm the limit for the county before anyone calls it jumbo.
- We shop lenders that actually want jumbo loans in Nebraska, Colorado, Iowa, Georgia, or Florida.
- Reserves — cash left after closing — are often part of the conversation.
Read this before you get attached
- Jumbo is not a government program. There is no single set of rules.
- A high price does not mean a high payment is comfortable. Run the full PITI.
Questions worth asking
- What is the conforming limit in this county right now?
- How many months of reserves does this lender want?
- Is any part of the rate bought down with points?