US Jumbo Loans: Limits and Requirements | “Your dream home, guided by a local team you can trust.”

A jumbo loan is a mortgage that exceeds the local conforming loan limit, which is updated yearly and can be higher in US high-cost areas.
Rates can be competitive for high-net-worth applicants with good-to-excellent credit, but lenders may charge more than conforming loans because jumbo mortgages carry more risk.
Typical jumbo applications can include 2 yr tax returns, W-2s or bank statements, 10%-20% down, and cash reserves covering 6 to 36 mo.
Compared with conventional loans, jumbo loans offer higher borrowing limits and may skip private mortgage insurance, yet they bring larger down payments and closing costs.
For self-employed buyers or borrowers with complex finances, alternative non-qualified mortgages may fit better when a traditional jumbo loan creates approval challenges.