JUMBO LOANS · 11 STATES
When the loan amount is above conforming limits, jumbo financing may fit. Duane compares jumbo lenders so you can see the rate, down payment and reserve differences.
Licensed in 11 states
Compare many lenders
No-pressure advice
WHAT IT IS
A jumbo loan is a mortgage above the conforming loan limit that the Federal Housing Finance Agency sets each year. Limits are higher in some high-cost counties, including parts of Northern Virginia.
Because these loans are not backed by Fannie Mae or Freddie Mac, lenders set their own rules. Credit, reserve and down payment expectations are typically stricter and vary by lender.
Finance purchases in higher-priced markets such as Northern Virginia, the Nashville area and north Atlanta.
Many lenders offer both. I compare what fits your plan.
Some programs allow less than 20% down. Terms differ by lender and loan amount.
Lenders may require several months of reserves. I tell you what to expect up front.
HOW IT WORKS
01
Tell me the area, price and how much you plan to put down.
02
I look at rate, down payment, reserves and mortgage insurance across lenders.
03
Expect fuller documentation than a standard loan.
04
Higher loan amounts may need a second appraisal. I keep the timeline on track.
LOCAL KNOW-HOW
Conforming limits are set by county. I check the limit where your property is located.
Virginia
High-cost counties near Washington, D.C. have higher conforming limits. Other areas use the standard limit.
Tennessee
Higher-priced parts of Middle Tennessee can involve jumbo loan amounts.
Georgia
Higher-priced areas in north metro Atlanta and coastal Georgia often involve jumbo loans.
FAQ
It is set each year by the FHFA and varies by county. Ask me for the limit in your county.
It varies. Some jumbo programs allow less than 20% down, with stricter credit requirements.
Many jumbo loans do not use PMI, but terms differ by lender. I explain the trade-offs.
EXPLORE MORE
NEXT STEP
Share the price range and I will outline your jumbo options. No obligation.
Duane Buziak, NMLS #1110647, Coast2Coast Mortgage, LLC, NMLS #376205. Licensed in VA, FL, TN, GA, NC, SC, MD, DC, WV, TX and KY. Equal Housing Lender. This information is educational and is not an indication of loan qualification, approval or a commitment to lend. Rates, programs and guidelines change and are subject to credit approval.
