Jumbo Loans

Who it's for

Buyers purchasing higher-priced homes in Charlotte, Raleigh-Durham, Asheville, coastal NC, or anywhere the loan amount exceeds the conforming limit for the county. Also a strong option for jumbo cash-out refinances on high-value homes.

Down payment

Typically 10–20% down, with some programs allowing as little as 5% for well-qualified borrowers. Larger down payments unlock better pricing and, at 20%+, avoid PMI entirely.

Credit and reserves

Most jumbo programs want 700+ credit and several months of reserves (mortgage payments held in savings after closing). Documentation is more thorough — expect a closer look at income, assets, and property appraisal.

Loan sizes

Anywhere from just above the conforming limit up to $3M+ depending on the program. Super-jumbo financing is available for luxury properties on the coast and in the mountains.

Key advantages

• Finance high-value homes without splitting into multiple loans
• Competitive rates for strong borrowers
• Fixed and adjustable-rate options
• Interest-only options available on some programs
• Primary, second home, and investment eligible

Worth knowing

Jumbo pricing varies more between investors than conventional does. Shopping the right lender network matters — that's a big part of what I do.