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  • How Do I Qualify For A Jumbo Home Loan

    Qualifying for a jumbo loan is similar to qualifying for a standard conforming home loan, but jumbo loans often have stricter requirements due to their larger loan amounts. Lenders consider your credit score, credit history, down payment, debt-to-income ratio, and cash reserves after closing. Typically, jumbo loans require borrowers to maintain about a year’s worth of total monthly housing payments in liquid or retirement assets after closing. While credit score requirements are generally similar to conforming loans, having a high down payment and a low debt-to-income ratio may help you qualify for a jumbo loan exception. Jumbo loans are designed for high-value properties and can provide flexible financing options for primary residences, second homes, and investment properties.

    Click Here To Apply For a Jumbo Home Loan

  • Jumbo Loan Qualifications Overview

    The following tables provide a general overview of jumbo loan qualifications. These are intended for informational purposes and do not represent a formal pre-approval. Individual eligibility, loan amounts, and rates may vary based on specific borrower circumstances and lender requirements.

    Jumbo Loan Matrix

    Property TypeUnitsLoan AmountLTV/CLTVFICOReserves (PITIA)
    Primary Residence – Purchase/Rate-Term 1-2 $1,500,000 – $3,500,000 75% – 90% 700 – 740 3 – 24 months
    Primary Residence – Cash-Out 1-2 $1,000,000 – $3,000,000 70% – 80% 700 – 740 6 – 18 months
    Second Home – Purchase/Rate-Term 1 $1,500,000 – $3,000,000 75% – 80% 700 – 740 3 – 18 months
    Second Home – Cash-Out 1 $1,500,000 – $2,000,000 70% 720 – 740 6 months
    Investment Property – Purchase/Rate-Term 1-2 $1,000,000 – $2,500,000 70% – 80% 700 – 740 3 – 18 months
    Investment Property – Cash-Out 1-2 $1,500,000 65% – 70% 740 6 months

    Jumbo Loan Program Guidelines

    CategoryDetails
    Loan Term & Type 30-year or 15-year Fixed, Fully Amortizing, Qualifying at Note Rate
    Minimum Loan Amount $1 over the conforming standard loan limit
    Mortgage Insurance Not required
    Maximum DTI
    • 50% for primary residence, CLTV ≤ 80%, max loan $2,000,000
    • 45% for all other scenarios
    Eligible Borrowers
    • Maximum of 4 borrowers
    • U.S. citizens, permanent residents, non-permanent residents with lawful residence and documented employment
    • All borrowers must have a valid Social Security Number
    • Non-occupant co-borrowers must meet gift donor guidelines
    • Inter vivos revocable trusts allowed; blind or irrevocable trusts not eligible
    Ineligible Borrowers Foreign nationals; borrowers involved in lawsuits
    Document Age
    • Credit and income documents ≤ 4 months old
    • Preliminary Title Policies ≤ 180 days old
    Eligible Products
    • Fixed rate 15–30 years
    • LTV > 80% limited to 30-year fixed term
    • Refinance of construction to permanent financing allowed
    • One-Time-Close not eligible
    • Cash-Out Non-Owner Occupied requires Use of Funds attestation
    Ineligible Transactions
    • Intra-family purchases for cash-out (gift of equity, large seller credits, family remaining on title)
    • Specialty programs such as renovation or low/moderate income programs

  • Jumbo loans can sometimes offer more flexibility than a conforming loan, particularly if you have significant cash reserves. You may be able to qualify for a jumbo loan even with a higher debt-to-income ratio, or you may be able to put less than 20 percent down without a mortgage insurance requirement. Additionally, income calculations for a jumbo loan can be more reasonable than for a conforming loan. Talk to a Janus Mortgage representative today about whether a Janus Mortgage Jumbo Loan can help you create your own Janus Mortgage Moment!

  • Applying For A Jumbo Home Loan

    Applying for a Janus Mortgage Jumbo Home Loan is simple. Click our "Apply" button above to schedule your appointment at your nearest branch, or apply online or call us today at the number listed above. We look forward to making your home-buying dreams become a memorable experience with our Janus Mortgage Jumbo Home Loan.