Jumbo loans

Get a Jumbo Loan to Buy Your Dream Home

A jumbo loan is a non-government-backed loan that exceeds the lending limits prescribed by the Federal Housing Finance Agency (FHFA). These loans may work well for borrowers who have good creditworthiness and wish to purchase expensive homes.

Maximum Loan Amounts

The FHFA conforming loan limit (CLL) value for single-unit homes across most parts of the U.S. in 2023 is $726,200. The value is subject to change each year and varies in some regions.

A mortgage that exceeds the existing CLL value is a jumbo loan. Eligible borrowers may borrow up to $3 million. The maximum amount you may qualify to borrow depends on your credit score, income, and assets.

You may view existing CLL limits by visiting the FHFA website – http://bit.ly/ConformingLimits

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Who May Qualify?

Given the large loan amounts and the fact that neither Freddie Mac nor Fannie Mae backs these loans, lenders that provide jumbo loans tend to face increased risk. Consequently, borrowers typically need to meet more stringent eligibility criteria when compared to conventional loans. You may qualify for a DreamMaker Funding jumbo loan if:

Your credit score is 700 or higher
Your debt-to-income ratio is below 43%
You can make a 10% or 20% down payment

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IF YOU HAVE A JUMBO DREAM

WE HAVE THE JUMBO LOAN FOR YOU

Why Choose Us?

Our expert guidance helps streamline the process
We offer interest-only alternatives
Choose from fixed- and variable-rate loans
Use the funds to buy an estate or a luxury home
Apply for a jumbo loan as a foreign national

Our mortgage experts are aware of all the intricacies involved in getting a jumbo loan, and you may count on them to answer your questions quickly and accurately.

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Guide for First-Time Homebuyers

If you plan to buy a home but don’t know how to go about the process, consider going through our in-depth guide for first-time homebuyers.