Loan program
Jumbo Home Loan
Financing for homes priced above conforming loan limits.
Jumbo loans finance higher-value properties that exceed conventional conforming limits — sophisticated underwriting with competitive pricing for qualified buyers.
A jumbo loan is any mortgage above the conforming loan limit set by Fannie Mae and Freddie Mac. In 2024 that's $766,550 in most counties and over $1.1M in high-cost areas like the Bay Area, NYC, and parts of Southern California.
Jumbo lending used to come with a rate premium. Today, with healthy bank balance sheets and competition for affluent borrowers, jumbo rates frequently price below conforming. Strong credit, healthy reserves, and a verifiable income story are the keys.
Evergreen Ridge Financial Group maintains relationships with portfolio lenders, private banks, and conventional jumbo investors. We shop your scenario to the right balance sheet.
What it gives you
No Hard Loan Cap
We routinely fund jumbo loans into the $5M+ range.
Competitive Rates
Jumbo rates today often beat conforming rates for strong borrowers.
Flexible Terms
Fixed and adjustable structures, interest-only, and asset-depletion programs.
Low Down Payment Options
Some jumbo programs accept as little as 10% down for well-qualified borrowers.
How it runs, start to finish
- 1
Pre-Qualification
Detailed income, asset, and credit review.
- 2
Apply
Full document review with focus on reserves and DTI.
- 3
Underwriting
Manual jumbo underwriting — typically 25–35 days.
- 4
Close
Sign with a closing agent or attorney depending on state.
Questions people ask about this one
What's the minimum down?
Some programs accept 10%, most prefer 15–20%, and the strongest pricing comes at 20%+.
Is there mortgage insurance?
Generally no — most jumbo programs require 20% down or use lender-paid MI built into rate.
What credit score do I need?
Most jumbo programs want 700+; the best pricing arrives at 740+.
How many reserves are required?
Typically 6–12 months of PITI in liquid reserves, sometimes more for very large loans.
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The first step is a conversation, and it costs nothing.
No documents, no credit pull, no obligation afterwards. Just somebody explaining the part you are stuck on.
Or call(503) 555-0175and ask for whoever is free.
