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Jumbo Loans

I have been doing some research on loan products and noticed that Jumbo Loans are making a com back and have lower borrower costs. My credit score is good, 689 and my income is half W2 ($65k) and stated ($20k). Are the credit standards the same with a Jumbo loan? by padrisabep424 from Orlando, Florida. Aug 31st 2018 Reply

Brian Paris (bparis)
#633 ranked lender in California - 51 contributions

Credit standards are loosening up even on jumbo. If the loan makes sense, meaning your debt to income is 50% or below and depending on your FICO, and Loan to Value, if you can afford it you can usually get a loan. Give me a call to discuss your unique situation. 925-698-1114

Aug 31st 2018
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,703 contributions

Generally speaking, underwriting and credit standards for traditional financing of non-Jumbo and Jumbo loans are very similar. About the only real difference is there is really no low down payment options in the jumbo world. In the vast majority of the county, jumbo is anything with a loan amount currently higher than $453,100, and minimum down payment sizes of 20% are preferred, while 10% down is possible (for a price). You can generally afford a home about 4 times your yearly income. Stated income doesn't really exist, although using bank statements for income is possible in the higher rate non-conforming market. I suggest talking to a mortgage broker in your area for more information. For loans like this in MN, WI, or SD, visit me at

Sep 4th 2018
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