PRIMARY-RESIDENCE FINANCING
Jumbo
A thoughtful approach to a larger primary-home purchase.
How it works
Jumbo financing covers loan amounts above applicable conforming limits. Requirements are set by the lender and may differ substantially across programs.
Understand the tradeoffs
Review reserves, credit, appraisal requirements, loan size, and any adjustable-rate terms. Compare the payment and remaining liquidity rather than choosing solely by the headline rate.
What to prepare
Complete income records, liquid asset and reserve statements, information on other real estate owned, and the purchase contract.
Your next conversation
Tell John about your planned occupancy, timeline, comfortable monthly budget, and available funds. Ask for a comparison that includes interest, fees, mortgage insurance where applicable, and ongoing property costs. No program description is an approval or a commitment to lend.