When the loan amount exceeds conforming limits, the rulebook changes. We bring relationships with multiple jumbo investors and the underwriting fluency to package complex files cleanly.
Jumbo rates are often within an eighth of conforming — sometimes lower — for strong files with the right investor match.
Fixed, ARM, interest-only, and combo first/second structures available depending on the investor.
Bank-statement, P&L-only, asset-depletion, and traditional tax-return jumbos all available — we pick the best fit.
Asset-depletion programs let high-net-worth borrowers qualify using liquid assets when income on paper is thin.
Total cash to close lands near $310k including closing costs, with another $95k+ in reserves. Strong-file borrowers occasionally see jumbo rates beat conforming on the same day.
For illustration only. Numbers are hypothetical and don't represent an offer, rate lock, or guarantee. Actual rates, payments, fees, and qualification depend on your credit profile, the property, the lender, current market conditions, and required taxes & insurance. APR will differ from interest rate. 8Twelve Mortgage is an independent brokerage and arranges — but does not make — loans. Equal Housing Opportunity.
Conforming loan limits are set annually by the FHFA and vary by county. Anything above those caps is jumbo — and not eligible for sale to Fannie Mae or Freddie Mac. That means each lender sets their own underwriting box, which is exactly why working with a broker matters: one bank's no is another's yes.
10–20% down is the norm. Some programs allow 5% on smaller jumbos for borrowers with 740+ credit and strong reserves. Investment-property jumbos typically want 25%+. Going higher on down payment unlocks better pricing tiers across most jumbo investors.
Jumbo investors want to see substantial liquid reserves remaining after closing — typically 6 months of total housing payment on smaller jumbos, scaling up to 12 or even 18 months on $2M+ loans. Retirement accounts count at 60–70% of value. We'll calculate the requirement against your actual file before applying.
If you're self-employed or earn through K-1s, partnership distributions, RSUs, or equity comp, the standard tax-return underwrite may understate your true income. Bank-statement, P&L-only, and asset-depletion jumbos can solve this — often with slightly higher rates but dramatically higher loan amounts.
Jumbo appraisals are more scrutinized — sometimes a second appraisal is required above certain loan amounts. Plan for a 30–45 day close, with more cushion on $1.5M+ loans. Files that go in clean and complete close on the early end of that range; those with last-minute documentation requests don't.
Any mortgage above the conforming loan limit set annually by the FHFA. The baseline limit changes each year; higher-cost areas have higher 'high-balance' limits. Above those caps, the loan is jumbo and follows lender-specific (rather than Fannie/Freddie) guidelines.
10–20% is typical, with some programs allowing 5% down on smaller jumbos for very strong borrowers. Bigger loan amounts and second homes/investments generally want more down.
Sometimes, sometimes not. Jumbo pricing depends heavily on the individual lender's appetite. We routinely see jumbo rates within an eighth point of conforming for strong files — occasionally lower.
Most jumbo programs want 700+; the best pricing tiers usually start at 740 or 760. Higher loan amounts come with stricter requirements.
Jumbos typically require 6–12 months of total housing payment in liquid reserves after closing — sometimes 18 months on very large loans. Retirement accounts count at a discount.
Yes. Standard jumbos use tax returns; bank-statement jumbos qualify on 12–24 months of deposits; asset-depletion jumbos qualify on liquid assets divided over a number of months. Pricing varies by program.
A 3-minute application. Soft credit pull. A real rate from a broker shopping 50+ lenders for you.
