Key facts
- A jumbo loan is larger than the FHFA conforming loan limit for your county.
- Each lender sets its own credit, down payment and reserve requirements.
- Full-doc and non-QM jumbo options exist, including bank-statement jumbo on select programs.
Larz Martin, NMLS #2026245, arranges these loans through Lumin Lending, Inc. with access to 100+ wholesale lenders. Last updated October 2026.
What lenders usually look for
- Stronger credit, often 700 and up for the best pricing.
- Down payments commonly 10% to 20%, depending on loan size and lender.
- Cash reserves, often several months of payments and more for larger loans.
- A full appraisal; very large loans may need two.
Requirements vary widely by lender. Subject to approval.
Why shopping matters most here
Jumbo pricing and guidelines vary from lender to lender more than almost any other loan type. One lender's "no" on reserves or self-employment can be another's routine approval.
Frequently asked questions
Is a jumbo rate always higher?
Not always. Jumbo pricing sometimes matches or beats conforming pricing for strong borrowers. It depends on the lender and the file.
Related loan programs
Rates and program availability vary by state, property and lender. This is not a rate quote, a credit decision, an offer or a commitment to lend. Program restrictions apply. Larz Martin NMLS #2026245 · CA DRE #02241936 · Lumin Lending, Inc. NMLS #2716106 · CA DRE #02291443. Equal Housing Opportunity.
