Jumbo

JUMBO MORTGAGE LOANS OFFER LARGER LOAN AMOUNTS FOR DREAM HOMES.

Jumbo loans offer financing for more expensive homes that exceed the conventional loan limit and typically come with higher interest rates but flexible financing features and benefits. If your property is worth more than most, consider a jumbo, or non-conforming loan. Perfect for loan amounts that exceed Fannie Mae and Freddie Mac’s maximum conforming limits. If you can handle higher monthly mortgage payments, this program is for you.
 
WHAT IS A JUMBO LOAN?
Jumbo mortgage loans work like other traditional home loans. You will have to go through the application, underwriting, and approval process, but the eligibility criteria for jumbo loans are stricter than traditional conforming loans. Jumbo loans are specifically designed for houses requiring a loan greater than the current Conventional Loan limit of $806,500 for 2025.
 
HOW TO QUALIFY FOR A JUMBO LOAN:
  • A satisfactory credit score (680 or higher)
  • A lower Debt-to-Income ratio, ideally under 43%
  • Proof of income and employment
  • Documentation of assets and cash reserves.
Program Advantages:
  • Fixed or adjustable rate
  • Maximum loan-to-value (LTV) of 90%, no MI required
  • Loan amounts greater than $806,500
  • Purchase, rate/term refinance, and cash-out refinance options for primary residences
  • Purchase and rate/term refinance options for second homes & investment properties
Eligible Property Types:
  • 1-2 units
  • Warrantable condos (low/mid/high rise)
  • Planned Unit Developments (PUDs)
  • Leaseholds

This is not a commitment to lend; you must submit additional information for review and approval. Rate, Annual Percentage Rate (APR), and terms are subject to change without notice. Certain restrictions apply to all programs. See your FLB Mortgage Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APRs) for all loan programs. Full underwritten approval is required, and all loan approvals are subject to credit, income and asset review and approval. Bank NMLS#1215182

Details

If your property is worth more than most, consider a jumbo or non-conforming loan. Perfect for loan amounts that exceed Fannie Mae and Freddie Mac's maximum conforming limits. If you can handle higher monthly mortgage payments, this program is for you.

  • For primary residences, vacation homes and investment properties
  • An alternative financing option that's ideal if you:
    • Borrow an amount above conforming loan limits
    • Lack sufficient funds
    • Wish to use funds in a non-traditional way

 

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