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

Family sitting on front steps of new house

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!

Connect with a Loan Officer Today
Couple standing in entryway of new home

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.

Reviewing paperwork with loan officer

Our Process

One of our experienced loan officers will help you decide what type of loan best suits your unique situation. The loan officer will discuss the loan process and paperwork needed to secure the loan.

Next, your loan will move into processing. One of our loan analysts will make sure all the paperwork provided is thorough and correct for the loan program.

Next, your loan proceeds to underwriting for a final decision on approving your home loan. Our in-house underwriting team will review all of your documents to ensure all conditions are satisfied. If we need something else, your loan analyst or loan officer will reach out.

Navigating the First-Time Home-Buying Process

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.

Get the Guide

 

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

What our customers are saying

“

Everything went smoothly and according to plan. My questions were answered in a timely manner and in language I could understand.

Valarie O
Refinance Customer
“

Great staff, always as helpful as they can be and really lovely to work with. Service feels very personal.

Suzanne M
Refinance Customer
“

I found everyone to be very responsive and helpful. Everyone took the time to answer all our questions and concerns.

Rachel A
Purchase Customer

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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