Jumbo Loan Programs - CLS Financial
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Jumbo Loan Programs

A Jumbo loan is considered to be non-conforming because it exceeds the conforming loan limit set by Fannie Mae and Freddie Mac. In some counties, conforming loan limits may vary. Our team of Close Loan Specialists can help you determine a Jumbo loan solution that is right for you. Fixed and adjustable rate Jumbo mortgages are available.


Your home of your dreams may need a big loan. The Jumbo loan could be the solution for you!

Any loan amount above $510,410 is considered a jumbo loan in most areas. There is also a high balance solution for loan amounts up to $765,600, where anything higher in high cost areas is considered a jumbo for single family residences and even higher for units. We can finance up to $3 million as a Jumbo loan solution.

Jumbo loans tend to have slightly higher interest rates compared to conforming loans. This is due to the inability to be guaranteed or secured by Fannie Mae or Freddie Mac because more money is involved. There are typically more restrictions and requirements needed for a jumbo loan. They tend to have higher down payment and cash reserve requirements. The borrower’s credit score and debt-to-income ratio must fall within these guidelines to qualify.

As an alternative to Jumbo loan financing, CLS will review if a second mortgage or larger down payment could bring your loan amount within conforming limits and help you determine what loan best fits your lending needs.