Jumbo Loans —
think bigger.
Luxury and high-value markets demand financing that keeps pace. Our jumbo programs offer competitive rates, flexible structures, and fast closings for high-value purchase and refinance transactions above conventional conforming limits.
- ✓Are buying a luxury, coastal, or high-value home
- ✓Need a loan above $832,750 (2026 conforming limit)
- ✓Have a credit score of 680 or higher
- ✓Have strong liquid assets and verifiable income
- ✓Are purchasing a second home or vacation property
- ✓Want access to large loan amounts with competitive interest rates
- →Your loan amount is within conforming limits — conventional rates may be lower
- →You are self-employed with complex income — Non-QM jumbo may offer more flexibility
- →You are buying an investment property — DSCR or commercial financing may be better
- →You need speed over loan size — Private Money lending closes faster for the right deal
Everything you need to
know about jumbo loans.
Jumbo down payment requirements scale with loan size and borrower strength. Strong borrower profiles can access 10% down programs at competitive pricing*; larger loans generally require more equity at origination.
Jumbo rates are priced independently of conforming benchmarks and can be highly competitive for strong profiles. Fixed and adjustable structures are both available, with ARMs often popular for shorter holding periods.
- 30-year fixed, 15-year fixed available
- 5/1, 7/1, 10/1 ARM options with rate caps
- Interest-only jumbo available for select profiles
- Rate buy-down available to reduce initial payment
Jumbo financing covers the full range of luxury real estate. From waterfront single-family to high-rise condos, we have solutions across property types and occupancy classifications.
- Primary residences and second/vacation homes
- High-rise and luxury condos — including non-warrantable
- Single-family, estate, and custom-built properties
- Investment properties (with higher down payment)
Jumbo underwriting is manual and holistic. Strong liquid assets, consistent income history, and low debt-to-income ratios all matter. Business owners and executives may qualify with 1–2 years of returns.
- DTI typically capped at 43%–45%
- 2 years W-2 or self-employed with tax returns
- 12–24 months reserves required depending on loan size
- Asset depletion income calculation available for retirees
Your jumbo loan
with Smart Mortgage.
We manually review your income, assets, and credit profile against jumbo guidelines and provide a pre-approval letter. Luxury sellers and their agents expect thorough pre-approval — ours holds up to scrutiny.
Jumbo appraisals require licensed appraisers with local luxury market expertise. We order from our vetted panel immediately and can often arrange accelerated turnaround in competitive markets.
Jumbo loans require full manual underwriting. Our senior underwriters are experienced with high-balance files and complex income structures — keeping your file moving rather than stalling on documentation requests.
We coordinate with luxury real estate agents and high-end title companies regularly. Jumbo loans can close in as little as 14 days* — typically faster than industry timelines for comparable high-balance loans.
Common jumbo loan
questions answered.
Ready for high-balance financing done right?
Fast pre-approvals, competitive rates, and a team that understands luxury and high-value markets.