Open Mon-Fri: 8 am - 5 pm

نتحدث العربيه

(832) 551-1001

Open Mon-Fri: 8 am - 5 pm

نتحدث العربيه

(832) 551-1001

Jumbo Loans

What is it?

You can get a Jumbo Loan when the loan amount is higher than the conforming loan limits established by the Federal Housing Finance Agency (FHFA). A Jumbo Loan helps to finance homes that are too expensive for a conventional conforming loan.

Program Details:

The highest amount for a conforming loan is $548,250, defined by the Federal Housing Finance Agency (FHFA). Homes that transcend the local conforming loan limit require a Jumbo Loan.

How do I Qualify for a Jumbo Loan?

Credit Score

To qualify for a Jumbo Loan, your FICO score needs to be higher than 700. There are times that your score will need to be as high as 720.

Debt-to-Income Ratio

We will examine your debt-to-income ratio to ensure you don’t become over-leveraged, though it may be more manageable if you have sufficient cash reserves.


Cash Reserves

You have a higher possibility of being approved for a Jumbo Loan if you have adequate cash in the bank. It’s not unusual to ask borrowers to prove they have sufficient cash reserves to cover one year of mortgage payments.


We may need a second home appraisal for the property you’re intending to buy.

Documents Needed:

    Income Tax Returns, W-2 & 1099 Statements, and Pay-Check Stubs
    Self-Employed Income Tax Returns and YTD Profit & Loss Statements for self-employed borrowers
    Retirement account statements, 401k, Mutual Funds, Money Market, Stocks, etc. 
    Drivers License, Social Security Card, Any Divorce, Palimony or Alimony or Child Support papers, Green Card or Work Permit if applicable, Any homeownership papers
    Bank and Credit Card statements
    Proof of other income such as commissions, bonuses, investment income and additional deposits