Higher-priced homes
Jumbo loans for higher-priced homes.
In much of Southern California, home prices can exceed the standard conforming loan limit. Jumbo and high-balance loans finance those larger amounts, with their own credit, down payment, and reserve guidelines.
Talk with Dan about jumbo loansMay be a good fit if…
- Your loan amount is above the conforming limit for your county.
- You have strong credit and documented income.
- You have cash reserves after your down payment.
What to know about jumbo loans
Above the conforming limit
The Federal Housing Finance Agency sets conforming limits each year. High-cost counties have a higher “high-balance” limit; loans above it are jumbo.
Stronger qualifying profile
Jumbo loans commonly require higher credit scores, larger down payments, and lower debt-to-income ratios than conforming loans.
Reserve requirements
Lenders often ask for several months of mortgage payments in reserves after closing.
Questions worth asking
- Is my loan amount high-balance or jumbo in my county?
- How many months of reserves will I need?
- How do fixed and adjustable jumbo options compare for my timeline?
Frequently asked questions
What is a jumbo loan?
A jumbo loan is a mortgage above the conforming loan limit set by the FHFA for the county where the home is located.
How much down payment does a jumbo loan require?
Requirements vary by lender and loan size. Many jumbo programs ask for 10–20% or more, along with cash reserves.
Can overseas buyers get a jumbo loan?
Some lenders offer jumbo financing to non-U.S. residents, usually with larger down payments and added documentation. Availability varies by lender and residency status.
Your next step
Want to see how this applies to you?
Dan The Truong, NMLS ID 2115125. Information is for educational purposes only and is not a commitment to lend or an offer to extend credit. Eligibility, rates, and terms depend on credit, income, property, and underwriting, and may change without notice. Loans are offered only in states where Dan The Truong is licensed — see NMLS Consumer Access.