Loan size
The loan amount, county, property type, and investor rules determine whether a loan is treated as jumbo.
Jumbo mortgages
Financing for higher loan amounts with deeper documentation.
Jumbo loans generally apply when the loan amount is above standard conforming limits. These loans often require stronger credit, reserves, income documentation, property review, and pricing review.
What to know
Reserves matter
Jumbo investors may require post-closing reserves, strong assets, and clear documentation of income and liabilities.
Collateral review
Appraisal requirements can be more detailed, and some cases may require additional review or documentation.
Official resource
Use official mortgage education as a starting point, then review your specific numbers with MJ Financial.
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