Big loan, big savings when the rate drops.

On a jumbo balance a small rate change is real money. Refinance to lower the rate, shorten the term, replace an adjustable loan, or take cash out on a high-value home.

Loan amountAbove the conforming limit

Cash-outTypically up to 70% to 80% of value

Minimum credit700 typical

Reserves6 to 12 months of payments

See if I qualify Call (800) 511-3330

4.4 on Google · 214 reviewsNMLS 13988Licensed in 15 states + DC

Loan amountAbove the conforming limit

Who it's for

Is the Jumbo refinance right for you?

Jumbo borrowers with a rate above today's market
Owners of an adjustable jumbo that is about to reset
High-value homeowners who want cash out for another purchase or investment
Borrowers whose balance has dropped below the conforming limit (a conventional refinance may now fit)

How it works

Three steps from here to closing.

Break-even check

We compare the current loan to the new one, costs included.

Application and appraisal

Full-doc review and reserves; an appraisal is standard on jumbo.

Close

Typically 30 to 45 days.

What you'll need

Requirements at a glance.

Credit score typically 700 or higher
Loan-to-value up to 80% rate-and-term, 70% to 80% cash-out
Reserves of 6 to 12 months of payments
Two years of income history
Debt-to-income ratio generally up to 43%

Straight talk

The upside, and what to weigh.

Why people choose it

No mortgage insurance at 80% loan-to-value or less
Large cash-out amounts at mortgage rates
Fixed, adjustable and interest-only options

Things to consider

Stricter documentation and reserve requirements
Cash-out loan-to-value is lower than on conforming loans

Common questions

Asked on almost every first call.

Has my loan dropped below jumbo?

If your balance is now under the conforming limit, a conventional refinance may price better. We check both.

Do I need two appraisals?

Only on very large loans. One is standard.

Can I do interest-only?

Some jumbo programs allow it for a fixed period.