How Can You Secure the Best Jumbo Loan Rates?

Securing a jumbo loan requires a different approach than conventional financing. With stricter requirements and larger sums at stake, preparation is your greatest asset.

Understanding the Jumbo Landscape

Jumbo loans exceed the conforming loan limits set by the FHFA. Because these loans cannot be purchased by Fannie Mae or Freddie Mac, lenders take on more risk, resulting in more rigorous underwriting standards.

Credit Score and Debt-to-Income (DTI)

While some conventional loans allow for lower credit scores, jumbo lenders typically look for a score of 700 or higher—often preferring 740+. Additionally, your DTI ratio should ideally be below 43%, though some lenders offer flexibility if you have substantial cash reserves.

The Importance of Cash Reserves

This is where many jumbo borrowers get tripped up. Lenders often require proof of 6 to 12 months of mortgage payments (including taxes and insurance) in liquid reserves after closing. Having robust, well-documented assets is crucial.

About Us at FIG Homes & Loans

We at FIG Homes & Loans (formerly FIG Mortgages) are a premier, veteran owned real estate brokerage and mortgage lender operating across all 50 states. We specialize in unifying the home buying, selling, and financing journey under one roof. Whether you are navigating the luxury market, seeking commercial real estate, or require tailored lending solutions like VA, FHA, Jumbo, Non-QM, and Bank Statement loans, our team delivers unbeatable wholesale rates and exclusive access to top tier properties. Experience the seamless advantage of having your real estate agent and mortgage broker working in perfect harmony.

Helpful Resources & Next Steps

• Calculate Your Payment
• Speak with an Advisor
• VA Loan Benefits
• FHA Loan Guidelines
• Get a Home Valuation
• Search Local Listings