Jumbo Loans

Jumbo Loans

Jumbo Loans in Marietta, GA

Jumbo mortgages are home loans that exceed conforming loan limits (any loan amount higher than $548,250 for year 2021). A jumbo loan is one way to buy a high-priced or luxury home. If you have a lower debt-to-income ratio and a higher credit score, a jumbo loan may be right for you.


Jumbo mortgages are a good solution for borrowers who are looking to buy a higher-priced home. Contact Residential Funding Consultants to learn more and find out which mortgage option may be the best fit for you.

Benefits and Considerations

Do not confuse Conventional and Conforming. A jumbo loan is not conforming, however it is still a conventional mortgage. There are options to do 15 year Jumbo loans as well as interest only and adjustable rate jumbo mortgage options.

Higher purchase limits

Jumbo loan are mortgages that exceed the conforming loan limit, currently $548,250 (2021 limit) in most parts of the United States.

Competitive rates

Jumbo loan rates have reached historic lows in recent years, and the interest on loans up to $1 million may be tax-deductible.

More Financing

Leverage more money. On the example of a $1,000,000 purchase price, you could do as little as 10-20% depending on which jumbo program you choose. This allows you the chance to leverage more low interest money versus the alternative of putting much more money down to reach the conforming loan limit of $548,250.

Requirements and Qualifications

Credit history

Credit score is more stringent in the world of Jumbo Mortgage lending. Typically our borrowers need at least a 680 credit score to have access to the most competitive rates from our jumbo mortgage options.

Financial strength

Debt to income is also more stringent for a jumbo mortgage. They are typically more strict on documentation requested as well as assets for reserves and a higher down payment (when comparing to a conforming or government loan).

Property appraisal

The requirements surrounded the property’s value and condition are typically more stringent with a jumbo mortgage. Also, depending on how big the mortgage amount is, a property may warrant more than 1 appraisal.

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