Jumbo Loans

Buy your dream house with us.

With a Jumbo loan you can borrow up to $2.5 million to buy your dream home!

Get Pre-Approved Now

Son on active military father's shoulder waving the American Flag

Jumbo Loan Requirements

Here's what you need to get started.

680 Credit Score

You need a minimum credit score of 680.

10-20% Down Payment

Depending on the Jumbo Loan product you will need a down payment of 10-20% of the sales price.

Debt-to-Income

The typical debt-to income max ratio is 45% or lower, talk to your loan officer to see if you meet this requirement.

Jumbo Loan Benefits

High Borrowing Power: With a Jumbo loan you can borrower up to 2.5 million.
Sellers Can Cover Closing Costs: If your down payment is 10-25% the seller concession can be up to 6%. If your down payment is more than 25% the max seller concession is 9%. For investment properties the max seller concession is 2%.
Property Options: You can use a Jumbo loan for a primary, secondary or an investment property.
Flexible Loan Options: There are 15 & 30 Year fixed terms.

Happy couple cheering their successful new home purchase thanks to Prime Rate Mortgage ™

Get Pre-Approved Now

Take the first step towards homeownership with a jumbo loan pre-approval from Prime Rate Mortgage

Start My Pre-Approval

Jumbo Loan Options

Check out some of the Jumbo Loan Options we offer.

Primary Residence

Secondary Home

Investment

Refinance

See What's Possible

Use our tools to see what homeownership could look like for you.

Mortgage Calculator

Estimate your monthly payment, including taxes and insurance.

Home Affordability

See how much home you can afford.

Ready to buy your dream home?

Prime Rate Mortgage is your trusted partner for your Jumbo loan pre-approval - take the first step towards owning your dream home.

Get Pre-Approved

Frequently Asked Questions

Not necessarily, when purchasing a new home, the seller can pay for all or part of your closing. Contact us to help you with this.

This highly depends on several factors. You will need to show a strong credit history, high and stable income, low debt-to income. Remember you are borrowing a lot of money so the bank just wants to make sure you have a strong profile.

Depends, usually loans over 2 million will requires 2 appraisals. It also depends on the type of Jumbo loan product you are applying for.

We can close you in 21-30 days!

These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency.

Let Us Help You Get Started

Get Pre-Approved