Purchasing a high-value property is an exciting step, but it often means stepping outside the boundaries of traditional home loans. If you’re looking at luxury homes in Southern California, you need a financing solution that matches the investment you’re making.
That’s where jumbo loans come in. If you’re exploring homes above the conforming loan limits, you probably have questions; we can help. Our team specializes in luxury real estate financing, and we’ve compiled answers to some of the most common questions buyers have for us when considering a jumbo mortgage.
What is a Jumbo Loan, and When Do I Need One?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. Higher cost areas have higher loan limits, so Los Angeles and Orange Counties will have a higher limit than the national average. However, this loan limit tends to be right for an average home, not a luxury property.
If you’re buying a luxury property and need financing above that limit, a jumbo loan is probably your go-to option.
How Much Can I Borrow with a Jumbo Loan?
Jumbo loan are designed to make reaching your goals possible. We offer a range of terms depending on the size of the loan. These are our flexible jumbo loan solutions based on your financing needs:
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Up to $1.5M – 90% LTV (Only 10% down!)
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Up to $3M – 75% LTV
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Up to $5M – 65% LTV
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Up to $7M – 60% LTV
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Up to $8M – 50% LTV
This means you can secure high-value properties with competitive leverage options that align with your goals.
What Documentation is Required for a Jumbo Loan Application?
Our experience with high-net worth clients has shown us that sometimes the most qualified borrowers can’t qualify with the typcial documentation. For example, you may be a business owner that doesn’t have traditional W-2 income, or you may not want to liquidate assets to prove your ability to borrow. Luckily, we can approve loan applications in a variety of ways.
We understand that not every high-net-worth individual fits into a traditional income box. That’s why we offer alternative documentation options, including 12–24 month bank statements and stated income programs. These flexible underwriting solutions are designed with entrepreneurs, investors, and self-employed professionals in mind. Talk with one of our loan officers today about what you can use to qualify.
Can I Use a Jumbo Loan for a Cash-Out Refinance?
If you already own a luxury property, you may be looking for ways to access your home equity to leverage toward other investments and goals.
We offer cash-out refinancing on luxury properties, with loan amounts up to $2 million. This is a great way to tap into your home equity for renovations, investments, or other financial goals without selling your home.
How Much Do I Need to Put Down on a Jumbo Loan?
Your required down payment depends on the loan size. For example:
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10% down for loans up to $1.5M
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25% down for loans up to $3M
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As low as 35–50% down for ultra-luxury homes up to $8M
Our team can help you find the structure that works best for your financial strategy.
Are Interest Rates for Jumbo Loans Higher?
Jumbo loan rates can be slightly higher than conforming loans due to the increased risk for lenders, but they’re still competitive, especially when you’re working with a knowledgeable team that understands the luxury market. We shop aggressively for the best terms available.
Can I Use My Investment Income or Assets to Qualify for a Jumbo Loan?
Yes, absolutely! We work with clients who have non-traditional income streams all the time. Whether you’re a business owner, investor, or have significant asset reserves, we’ll help you structure a loan that reflects your financial reality, not just your tax return.
How Do I Get Started?
That’s the easy part. Our team is here to guide you every step of the way, from pre-approval to closing. We specialize in luxury real estate financing and offer a white-glove experience for high-end buyers who expect both efficiency and expertise. Contact us any time to get started.