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.

Loan option

Jumbo Home Loan

A jumbo loan finances a property priced above the conforming limit for its county, which means it is underwritten manually and priced on the strength of the file rather than to an agency matrix.

Get a quote Pre-qualify

What Jumbo Home Loan actually is.

A jumbo loan is any mortgage above the conforming loan limit. That limit is reset annually by the Federal Housing Finance Agency, it is higher in designated high-cost counties, and much of coastal California sits in that higher tier. Look up the current figure for your county before assuming which side of the line you are on.

Jumbo pricing is not fixed relative to conforming. Depending on the appetite of the investors buying the paper, it can sit above or below. What does not change is what the file needs: strong credit, documented reserves, and an income story that survives manual underwriting.

Datum Home Lending maintains relationships with portfolio lenders, private banks, and conventional jumbo investors. We shop your scenario to the right balance sheet.

Illustrative sample figures for a template demonstration. Not a rate quote, not an offer to lend, and not live market data.

Who this fits

Buyers of homes priced above the current conforming loan limit for their county
Borrowers with strong credit and substantial reserves
Move-up buyers and high-value purchases
Cash-out refinance borrowers with high-value homes

Check whether you qualify

What this program buys you.

No Agency Loan Cap: Jumbo loans sit outside the conforming limit, so the ceiling is set by the investor and the file rather than by an agency.
Priced On The File: Jumbo pricing turns on credit, reserves and loan-to-value, so a strong file can price close to conforming.
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.

The process

Four moves from first call to keys.

Each step has one job and one owner. You always know which of the four the file is sitting in.

01Pre-QualificationDetailed income, asset, and credit review.
02ApplyFull document review with focus on reserves and DTI.
03UnderwritingA human underwriter reads the whole file, with the weight on reserves, loan-to-value and the income story.
04CloseSign with a closing agent or attorney depending on state.

Questions this program raises.

If yours is not here, ask it. You will get an answer in writing from the officer who would work the file.

Other programs

Get this priced against your own file.

Tell us the scenario and we will come back with real figures for Jumbo Home Loan, and for the programs you did not ask about, so you can see all of them at once.