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.
"Fast action...accurate...quick closing."
Judy Freeman
"Evan, was my second person I called when searching for a cash out loan. His patience, with explaining how his company may be just what we were looking for was impressive, extremely competitive with other lenders. The process was so much easier with his attention to detail of our goals. The closing cost were better than any other lender that I had contacted. Evan was a the kind of person I would like to have as a neighbor. Hats off to Royal United mortgage and there team."
Stanley Ward
"Great Experience."
mckin285
"Very professional. Process was easy flowing. They requested their needs and I submitted them in a timely manner which made the processing of all paperwork finished quickly. I would definitely recommend Royal Mortgage for the processing of refinancing or home equity funds."
Emma Clarke
"very good experience he made this so easy. never had anyone work this hard for us. complete ease from start to finish. great job"
dennis
"Smooth and easy I was a first time home buyer and he made sure to help me every step of the way. I couldn’t be happier that I got him to help me the this process and would definitely recommend him to anyone!"
Jon
"it has been an excellent experience the entire process and follow up by Jacob has been wonderful and surprising. he follows up and walks through the process with you and always answers any questions. my husband and i have told so many of our friends about him. he definitely is an asset to the company"
CLARA
"Great experience"
Teri O'Brien
"Danielle was excellent and very professional!"
KING JAMES BORDERS
"I was treated well as a customer and everyone was nice and very helpful with my transaction."
Anthony Outten
"They were really good in helping us."
Lafrances Garrett
"My agent was very attentive and helpful and we spoke almost daily, making the entire process painless!! I am impressed"
Serenity Farms Prepping
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.