Juan Barraza Mortgage

Jumbo Loans

Jumbo mortgages are plus-size home loans weighing in at a dollar amount above conforming loan limits. These loans typically come with more demanding requirements than smaller, conforming mortgages. The jumbo loan threshold is $424,100 in most of the U.S, though in some of the higher-cost areas loans have to surpass $636,150 to reach jumbo loan minimals.


Many lenders of jumbo loans require a credit score of 700+, a debt-to-income ratio of 43% or less, and 6-12 months worth of financial reserves in a bank account. When looking for a jumbo loan, you’ll find they require a generally higher downpayment. Depending on the lender, the minimum down payment could be anywhere from 15% to 30% of the home purchase.

Are you looking for top rates on jumbo loans? Contact me today to learn more! Your local Burbank mortgage lender.