Jumbo loans are used to finance homes with loans exceeding the loan limits set by Government Sponsored Entities (GSEs). It is suitable for borrowers who want to buy luxury homes or refinance existing large mortgages. Jumbo loans allow you to have larger loans at a lower rate because it does not conform to the requirements set by Fannie Mae and Freddie Mac.


You may be eligible to qualify for a jumbo loan if you can meet these requirements:

  • Have a decent credit score (680 and above)
  • Have a low debt-to-income (DTI) ratio (under 40% at least)


  1. Jumbo loans can assist you in borrowing the money needed to purchase pricier properties.
  2. You can choose from a variety of different loan programs that may give you flexibility on your loan terms.
  3. You can borrow the full amount of money from one loan instead of having to break it up into two different loans for buying a higher-priced home. This may allow you to have better interest rates.

One thing to keep in mind: these loans will naturally come with higher interest rates. To qualify, good credit history is essential, so double-check all credit reports for any potential inaccuracies. In general, being accepted for a jumbo loan is difficult, so you must also be able to prove that your income is high enough to be able to afford monthly mortgage payments.

Feel free to Contact CostPro Lending Team today for any inquiries about jumbo loans!

Fannie Mae® is a registered trademark of Fannie Mae.

Freddie Mac® is a registered trademark of Freddie Mae.

This communication is for informational purposes only, this is not a commitment to lend. Individual buyer's financial circumstances may be different and may result in different interest rates, costs, and payments. All programs are subject to change or cancellation at any time and without notice. Please consult your licensed Loan Originator to learn more about mortgage products, your eligibility, and ask for an official Loan Estimate before choosing your loan.

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