🏡 Jumbo Loans – Financing for Luxury Properties

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A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In most U.S. counties, the current conforming loan limit is $806,500. However, in designated high-cost areas, the limit can go up to $1,209,750 through High Balance Conforming Loans.

If you need to borrow more than your local conforming loan limit allows, you’ll need a jumbo mortgage.

The biggest difference is simple: loan size. But there are a few other key distinctions you should know:

✔️ Higher Loan Amounts – No cap beyond lender-specific maximums
✔️ Flexible Down Payment Options – As low as 10% down available with strong credit
✔️ Competitive Interest Rates – Sometimes even lower than conforming loans
✔️ Stricter Underwriting – Expect more thorough documentation and reserve requirements
✔️ Higher Closing Costs – Due to additional risk and loan size

• Buyers of luxury homes or second homes
   
• Borrowers in high-cost markets
   
• Self-employed or high-net-worth individuals
   
• Investors and professionals with complex income
   
• Anyone purchasing a property that exceeds $806,500 in most areas
   

With strong credit and income, you may qualify for a low down payment jumbo loan with rates that rival — or even beat — conforming loan options.

Not all jumbo loans are created equal. I work with multiple investors and lenders to help you compare low down payment, interest-only, and asset-based jumbo options to find the perfect fit for your financial profile.

🔹 Call me at 866-84-LOANS
🔹 Apply online at stjohnloans.com
🔹 Serving clients in NV, CA, AZ, TX & beyond

Let’s connect and make it happen.