05 · Loan Program

Jumbo Loans

Financing for high-value properties above conventional loan limits, structured for buyers with strong credit, significant reserves, and complex financial profiles.

Who a Jumbo Loan Is For

Buyers purchasing homes priced above the conforming loan limit of $766,550 in most markets ($1,149,825 in high-cost counties)
Luxury buyers, executive relocations, and Fortune 500 professionals with complex income from equity compensation, bonuses, or multiple sources
Real estate investors acquiring high-value single-family or multi-unit properties
Buyers with substantial liquid reserves who want to preserve capital rather than make a larger down payment

How It Works

From first conversation
to closing day.

Full Financial Review

Jumbo underwriting is more thorough than conforming. Tanya reviews income across all sources, asset statements, and reserve depth before submitting to lenders.

Lender Selection

Jumbo loans are portfolio products held by the lender, not sold to Fannie or Freddie. Different lenders price jumbo risk differently — access to multiple lenders matters.

Appraisal (Often Two)

Most jumbo lenders require two independent appraisals on loans above $1.5M to confirm value. Tanya flags this early so timelines are planned accordingly.

Underwriting & Closing

Jumbo underwriting typically takes 30–45 days. Closing costs are higher but jumbo rates are often competitive with — or lower than — conforming rates for strong profiles.

Key Benefits

What makes this program
work for the right borrower.

No Loan Ceiling

Finance primary residences, second homes, and investment properties at any price point. Jumbo programs extend to $3M, $5M, and beyond depending on the lender.

Interest-Only Options

Many jumbo programs offer 10-year interest-only periods, reducing initial monthly payments and improving cash flow for high-income buyers managing liquidity.

Competitive Rates for Strong Profiles

Buyers with 700+ credit, 12+ months reserves, and clean income often receive jumbo rates at or below conventional pricing, particularly on 30-year fixed terms.

Requirements Snapshot

Quick-reference guidelines.

Minimum Credit Score	680 minimum; 720+ recommended for best rate tiers; 740+ for highest loan amounts
Down Payment	10% minimum; 20% eliminates PMI requirements on most programs
Cash Reserves	6–18 months PITI in liquid or semi-liquid assets required after closing
Debt-to-Income Ratio	43–45% maximum; stricter than conforming guidelines
Documentation	Full documentation required; 2 years tax returns, all asset statements, business ownership docs if applicable

Edge Home Finance, LLC • NMLS #891464 • 5860 Baker Road, Minnetonka, MN 55345

Equal Housing Opportunity Lender. This is not a commitment to lend. All loans subject to credit approval.

Licensed in: Georgia and Florida • NMLS Consumer Access: www.nmlsconsumeraccess.org • Licensing & Disclosures

Equal Housing Opportunity