JUMBO HOME LOANS

Jumbo Loans.
Financing Without the Limits.

Buying a higher-value home requires financing that can keep up. Jumbo loans provide larger loan amounts and flexible financing options for qualified Texas buyers whose needs extend beyond standard conforming loan limits.

At a Glance

HIGHER LOAN AMOUNTS

Finance eligible homes above standard conforming loan limits with loan amounts designed for higher-value properties.

FLEXIBLE OPTIONS

Multiple loan structures may be available depending on your financial profile, property, and financing goals.

TAILORED FINANCING

Jumbo financing can be structured around the needs of qualified borrowers purchasing higher-value homes.

The Basics

A jumbo loan is a mortgage that exceeds the applicable conforming loan limit or otherwise falls outside standard agency financing requirements. Because these loans aren't purchased under the same guidelines as typical conforming mortgages, qualification and program options can vary by lender.

Good to Know

A larger purchase price doesn't automatically mean a dramatically larger down payment. Jumbo programs vary, and qualified borrowers may have multiple options depending on loan amount, credit profile, assets, property type, and overall financial strength.

What Matters with a Jumbo Loan?

Jumbo financing typically requires a more detailed review of your financial profile. Rather than focusing on one number, we look at how your income, credit, assets, debts, and property work together.

Credit Profile

A strong credit history can help provide access to more competitive jumbo financing options and terms.

Income & Cash Flow

Your qualifying income and existing obligations are reviewed carefully to determine an appropriate loan amount and monthly payment.

Property & Loan Amount

The property's value, occupancy, loan amount, and other characteristics help determine which jumbo financing options may be available.

Assets & Reserves

Jumbo programs may require additional financial reserves after closing, with requirements varying based on the loan structure and borrower profile.

Benefits

Jumbo financing gives qualified buyers access to larger loan amounts without sacrificing the ability to structure financing around their broader financial goals.

Higher Loan Amounts

Jumbo financing allows qualified borrowers to finance higher-value homes beyond standard conforming loan limits.

Preserve Liquidity

The right jumbo structure may allow qualified buyers to finance more of the purchase rather than committing additional liquid assets to the transaction.

Flexible Loan Structures

Depending on the program, borrowers may have access to different fixed-rate and adjustable-rate financing options.

Designed Around You

Jumbo underwriting can provide options for qualified borrowers with complex income, significant assets, or financial profiles that don't fit neatly into standard conforming guidelines.

LOAN COMPARISON

Structure
Your Financing

With a higher-value purchase, the best mortgage isn't always determined by the lowest advertised rate. Loan structure, cash to close, reserves, liquidity, and long-term financial goals can all matter.

Clear, transparent lending structures designed to help you secure the ideal loan for your situation.

Financing Options

Jumbo vs. Conventional: Conforming loans follow agency loan limits and guidelines, while jumbo financing provides options for qualified borrowers who need larger loan amounts.

Fixed vs. Adjustable Rate: Depending on your plans for the property and financing goals, comparing fixed-rate and adjustable-rate jumbo options may reveal meaningful differences.

Cash vs. Financing: Putting more cash into a home may reduce the mortgage, but preserving liquidity may also be important. We can compare different down-payment and financing scenarios.

FAQ

Jumbo financing works differently from a standard mortgage. Here are a few of the questions Texas buyers commonly ask us.

What makes a mortgage a jumbo loan?

A mortgage is generally considered jumbo when the loan amount exceeds the applicable conforming loan limit or does not meet standard agency requirements. The applicable limit can vary by year and location.

Do jumbo loans require 20% down?

Not necessarily. Down-payment requirements vary by lender, loan amount, property, and borrower profile. Qualified borrowers may have jumbo financing options with less than 20% down.

Are jumbo loans harder to qualify for?

Jumbo loans often involve more detailed underwriting because of the larger loan amount. Credit, income, assets, reserves, debts, property characteristics, and the overall strength of the loan file may all be considered.

How much money do I need in reserves?

Reserve requirements vary considerably among jumbo programs. The amount may depend on factors such as the loan amount, property type, number of financed properties, down payment, and overall borrower profile.

Can I use a jumbo loan for a second home?

Potentially. Jumbo financing may be available for eligible primary residences, second homes, and investment properties depending on the specific loan program and borrower qualifications.

Financing a Higher-Value Home?

Your mortgage should be as thoughtfully structured as the purchase itself. Our Texas mortgage team can compare jumbo financing options and help you build a loan strategy around your property, finances, and long-term goals.

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1st Alliance Mortgage LLC - NMLS 1407 | 4438 State Highway 6 S, Ste. 201, College Station, TX 77845

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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov

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A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov