WHAT IS A JUMBO LOAN?

It's a Non-Conforming, Conventional Mortgage

What? Put simply, a jumbo loan is required to finance a property that is more expensive than the conforming loan limit in your county.

Learn More About Conforming Loans

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LOANS TO FIT YOUR NEEDS

Many Options Are Available

At radius, we can work with you to get the right loan for your situation. We offer jumbo loans with fixed rates or adjustable rates and with a variety of terms. Whether you're looking for a 15-year or 30-year mortgage, we can help!

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WHAT TO KNOW

Requirements Can Be Stricter

Due to the large amount of money to be borrowed, jumbo loan programs usually require a lower debt-to-income ratio and a higher credit score to qualify. At radius, we have a variety of loan programs to get you into your dream home.

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Want to learn more about the home-buying process?

It’s important to understand the facts and the myths about the home-buying process and realize that there is no one-size-fits-all approach to getting approved for a mortgage loan.

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radius is here to help you

We're licensed in many states across the United States, but loan programs vary from state to state; so talking to a loan officer licensed in your planned state of purchase is a must.

 

Our Loan Officers

Jumbo Home Loan FAQs

What qualifies you for a jumbo loan?

If you are interested in purchasing a home close to half a million dollars but do not have the money for a downpayment, you will need a jumbo loan. To qualify, you will need to have a credit score of at least 700 and a debt-to-income ratio of under 43 percent but preferably closer to 36 percent.

What is considered a jumbo loan in 2021?

In 2021, the conforming loan limit is $548,250 in most counties and $822,375 in higher-cost areas. Any mortgage greater than these amounts is considered a jumbo loan.

How much do you need to put down for a jumbo loan?

As a general rule of thumb, most lenders will require at least 10 percent on a jumbo loan. However, some lenders may require a down payment of up to 30 percent.

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