Jumbo loans, as highlighted in the attached flyer from APB Wholesale, cater to borrowers seeking higher loan amounts—offering up to $3,500,000 with loan-to-value (LTV) ratios as high as 80%. The program emphasizes easier approvals, requiring only three credit scores and waiving traditional tradeline requirements, and even accepts non-warrantable condos. Flexible funding is also available, as 100% gift funds are permitted for primary residences, making it easier for families to assist without restrictive conditions. Borrower-friendly options allow for debt-to-income (DTI) ratios up to 49.99% and accommodate first-time homebuyers or non-occupant co-borrowers through underwriting defaults to DU/LP, streamlining the process and helping clients secure the financing they need without unnecessary complications.

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WHAT IS THE MINIMUM DOWN PAYMENT FOR A JUMBO MORTGAGE?

What types of jumbo loans are there, and what are the lending requirements to qualify for jumbo loans?

Jumbo loans are home loans that exceed the maximum conforming loan limit of $726,200. To be within the conforming loan limit is required to qualify for conventional loans. Any loans exceeding the 2022 conforming loan limit of $726,200 set by the FHFA are referred to as non-conforming loans or jumbo loans.

What are the minimum credit and income standards to qualify for a jumbo loan?