Financing for homes above the conventional loan limit.
Jumbo loans finance properties above the conforming limits set annually by the FHFA. They typically require stronger credit and larger down payments than conforming loans — and involve more thorough underwriting.
What to expect
A process built to keep the next step clear.
Jumbo loans go through a more thorough underwriting review than conforming loans. Royal United works with you to gather the required documentation early so the process moves efficiently from application through closing.
Step 1
Confirm the loan structure
The first step is determining whether a jumbo loan is the right structure based on the purchase price, loan amount, credit, and reserves — and reviewing how jumbo terms compare to other options.
- 1.Confirm the loan amount exceeds the current conforming loan limit
- 2.Review credit, income, reserves, and debt-to-income position
- 3.Compare jumbo loan options and determine the right structure
Step 2
Move through thorough underwriting
Jumbo underwriting typically requires more documentation than conventional loans. Your advisor coordinates the appraisal, income verification, and asset review to keep the process moving.
- 1.Sign the application and gather extended documentation
- 2.Complete the property appraisal
- 3.Provide income, asset, and reserve documentation for underwriting
Step 3
Close with full transparency on terms
The final stage is reviewing the full loan terms, confirming the closing timeline, and completing the transaction with a clear picture of the commitment.
- 1.Receive final approval and confirm the closing date
- 2.Review final loan terms in full
- 3.Sign closing documents and take ownership
Program benefits
What jumbo financing may offer.
General information only. Actual eligibility and terms depend on your credit, income, down payment, reserves, and the full application.
Finance above conforming limits
Jumbo loans allow borrowers to finance homes above the conventional conforming loan limit — which changes annually and varies by county — when a standard loan is insufficient.
Fixed and adjustable options
Jumbo financing is available in fixed-rate and adjustable-rate structures, allowing borrowers to select the term and payment structure that fits their goals and timeline.
One lender for high-value transactions
Royal United handles the full process — a single point of contact from application through closing, regardless of loan size.
Who this may be a fit for
Jumbo financing may benefit buyers targeting higher-priced properties.
Fit depends on credit, income, down payment, and reserve position. A loan advisor can help you determine whether jumbo financing is the right structure.
Buyers in high-cost markets
In markets where conforming limits are quickly exceeded by local home prices, a jumbo loan may be the primary path to financing the target property.
Move-up buyers with equity
Buyers leveraging significant equity from a prior home sale toward a higher-priced property may need a jumbo loan to bridge the gap beyond conforming limits.
High-income borrowers with strong reserves
Jumbo qualification typically requires strong income documentation and reserve assets. Borrowers who meet those thresholds may benefit from this program.
Not a guarantee of eligibility or approval. Jumbo loan qualification requires strong credit, income documentation, and reserve assets.
What our clients say
22,000+ five-star reviews.
"I have used them multiple times. There is no one better. They close fast, keep me informed and give me the best service"
Rob Young
"Quinton is the best, he is very helpful and responds to any concerns or questions you might have! Carol was also great! Royal United is easy to work with and I would recommend them to anyone looking for a company that goes the extra mile to help their customers!"
Joy Zoldak
"overall great experience, from beginning of process to the end"
Rudy Beverley
"Talk about Smooth Operator that be me."
It's me It's me Earnest T. (Beak)
"Very helpful and quick"
Greg Wright
"Maggie did an amazing job getting this completed for us. She was very responsive to all my questions in an extremely quick manner. I will let others know about Royal United Mortgage LLC company and how they cared from the beginning thru the closing Thank You Maggie"
Peggie Stimers Schmidt
"It was a very positive experience. They walked me through the whole thing and I felt they were truly working to get me the best deal possible."
Cindy Setters
"We had a great experience working with Barry Teague at Royal United. He was very persistent and knowledgeable which made the process go very smoothly. He kept us informed every step of the way. I would like to Thank Barry and Royal United for offering such a great service."
Debra Daniels
"I've worked with Jim Groth three times in the last five years or so. Each time i've worked with him, he's been thorough ,professional, and available for questions. He also makes very quick work of getting things done. I'm happy to recommend him to friends and family."
Linda Watkins
"Experienced and worked with you to get what you want."
Rocky Roberts
"Patrick at Royal United Mortgage made the process for us so easy. It was a pleasure working with him. Highly recommend him."
Paul Cutajar
"Jake miller from united royal keep me in the loop of everything that was happening he was very helpful and and pleasure to work with"
Elizabeth Mullins
Frequently asked questions
Common questions about jumbo loans.
What makes a loan a 'jumbo' loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These limits change annually and vary by county. Any loan amount above the applicable limit is considered a jumbo (non-conforming) loan.
What are the current conforming loan limits?
Conforming loan limits are adjusted annually by the FHFA and vary by county based on local median home prices. A loan advisor can confirm the current limit for your target property's county. Any amount above that limit would require jumbo financing.
What credit score do I need for a jumbo loan?
Jumbo loans typically require stronger credit profiles than conforming loans. Minimum requirements vary by lender, but scores below 700 are generally harder to qualify with. Actual requirements depend on the full application and the specific loan program.
What down payment is required for a jumbo loan?
Jumbo loans typically require larger down payments than conforming loans — often 10–20% or more, depending on the loan size and the borrower's credit and reserve profile. Requirements vary by lender and loan amount.
Do jumbo loans require more documentation?
Yes. Jumbo underwriting typically involves more thorough income verification, asset documentation, and reserve requirements than conforming loans. Borrowers should expect to provide extensive financial documentation as part of the process.
Can I get a fixed rate on a jumbo loan?
Yes. Fixed-rate jumbo loans are available, providing predictable principal and interest payments for the life of the loan. Adjustable-rate options are also available. The best structure depends on your goals, timeline, and risk tolerance.
General information only. Not financial, legal, or tax advice. Jumbo loan eligibility and terms are subject to lender guidelines and individual qualification.
Financing a higher-priced property?
Financing a higher-priced property? Let's review your options.
A Royal United loan advisor can confirm the current conforming limit for your county, review your credit and income position, and help determine whether jumbo financing is the right structure.