Jumbo Loans
Jumbo loans exceed the conforming loan limits set by Fannie Mae and Freddie Mac. They are ideal for financing luxury homes and high-value properties in Bergen County and other expensive markets.
$766,551+
Min. Loan Amount
700
Min. Credit Score
10-20%
Typical Down Payment
Key Features
- Loan amounts above conforming limits
- Competitive rates for qualified borrowers
- Flexible loan terms
- Can be used for primary, second, or investment properties
Benefits
- Finance luxury and high-value homes
- Jumbo loan limits up to $3 million+
- Same loan process as conforming loans
- Build equity faster with larger loan amounts
Requirements
- Credit score typically 700+
- Larger down payment (usually 10-20%)
- Lower debt-to-income ratio (typically 43% or less)
- Significant cash reserves (6-12 months)
Ideal For
- High-income earners
- Buyers purchasing luxury homes
- Those in high-cost areas like Bergen County
- Buyers with excellent credit and substantial assets
Ready to Get Started?
Contact Jimmy Joseph MBA to discuss your jumbo loans options.
Jimmy Joseph MBA
NMLS #1577754
Branch NMLS #2477715
Let's Find Your Perfect Mortgage
Every situation is unique. Get personalized guidance from Jimmy Joseph MBA to find the best solution for you.