Jumbo & Super-Jumbo Home Loans

A jumbo mortgage is a home loan that exceeds the conforming loan limit applicable to the property and transaction. Because it is not eligible for standard agency purchase, the lender sets its own credit, reserve, property and qualification requirements.

Super-jumbo generally describes a mortgage substantially larger than a typical jumbo loan, often beginning around $3 million. The term is not defined by one universal threshold, so available amounts and underwriting rules vary by lender.

Avita Financial can evaluate jumbo financing up to approximately $3 million, super-jumbo financing from roughly $3 million to $5 million, and select lending sources for $10 million or larger transactions. Every amount remains subject to program availability and qualification.

Yes, select portfolio and private lending sources may consider super-jumbo loans above $5 million. These transactions require a detailed review of liquidity, income, assets, property, occupancy and the requested loan structure.

Select lending sources may offer residential mortgage financing at $10 million and above for highly qualified borrowers and suitable properties. Availability is specialized and depends on the complete financial profile and transaction.

Jumbo LTV depends on loan amount, property, occupancy and borrower profile. While 80% LTV is common, qualified borrowers may have options at 90% LTV or higher through specialized programs.

Yes, some qualified borrowers may obtain jumbo financing with 10% down. Credit, reserves, loan size, occupancy, property type and documentation method all affect whether a 90% LTV program is available.

Some specialized portfolio programs may permit LTV above 90% for exceptionally strong scenarios. Availability changes and becomes more restrictive as loan size increases, so current lender options must be checked for the exact transaction.

High-LTV jumbo programs generally expect strong credit, often with higher minimum scores than lower-LTV options. The required score depends on loan amount, reserves, occupancy, property and other compensating factors.

Jumbo lenders commonly require several months of housing payments in verified reserves, and larger or higher-LTV transactions may require considerably more. Required reserves vary by lender and can depend on all financed properties owned.

Yes, some jumbo programs allow qualification without personal tax returns by using an accepted alternative method. Bank statements, asset depletion, 1099 income or other eligible documentation may be available depending on the borrower and lender.

Yes, bank statement jumbo loans may evaluate eligible personal or business deposits to establish qualifying income. The lender reviews the statement period, deposit consistency, business ownership and applicable expense calculation.

Yes, some jumbo programs convert a portion of eligible liquid assets into calculated monthly income. Account type, asset seasoning, required reserves and the lender’s depletion formula determine how much income can be recognized.

Some programs permit multiple eligible income and asset sources to be combined. We review the entire financial picture to determine which sources can be used together without duplicating the same funds or income.

Yes, self-employed borrowers may qualify using traditional documentation or an eligible alternative such as bank statements, profit-and-loss documentation or assets. Business history and the selected lender’s rules remain important.

Jumbo and super-jumbo financing may be available for primary residences, second homes and investment properties. Occupancy affects permitted LTV, reserve requirements, pricing and qualification options.

Yes, jumbo refinancing may be used to change the rate or term, restructure the loan, remove another party or access equity. Available cash-out and LTV limits depend on the property, balance and borrower profile.

Conforming mortgages fit agency loan limits and standardized eligibility rules. Jumbo mortgages exceed those limits and are underwritten under the lender’s or investor’s portfolio guidelines, which can create both additional requirements and more flexible structures.

Jumbo timing depends on appraisal complexity, documentation, lender review and the size of the transaction. A complete, well-organized file can move efficiently, but large loans may require additional valuation, reserve and income review.