Quick answer
- Who it may fit
- Buyers financing above the applicable conforming loan limit.
- Down payment & cash to close
- Down payment and reserve expectations vary by investor; budget separately for closing costs.
- Insurance & fees
- Insurance requirements, points and fees vary by lender and loan-to-value.
- Key eligibility
- Investor-specific credit, income, reserves and property review can be stricter.
- Main tradeoff
- Larger financing opens higher price bands but often requires stronger reserves and documentation.
Down payment is not total cash to close. Educational guidance pending licensed review.
The secure application opens outside lndwell.com. This page is not an application or pre-approval.
A jumbo loan exceeds the conforming loan limit for the county, so it is held or securitized outside the agency channels. Guidelines are set by the individual investor, which means two lenders can look at the same file very differently. Shopping matters more here than almost anywhere else.
- Buyers in higher price bands or high-cost counties
- Borrowers with equity compensation, bonus income or partnership distributions
- Self-employed borrowers with strong but non-standard income documentation
- Access to loan sizes the agency channel cannot support
- Portfolio lenders may take a more holistic view of assets and income
- Fixed and adjustable structures are both commonly available
- Credit, reserve and documentation expectations are typically stricter
- Appraisal requirements can be more involved on unique or high-value properties
- Pricing varies widely between investors, so a single quote tells you little
These are the factors an underwriter typically reviews. They are not a checklist of requirements, and meeting them does not guarantee eligibility or approval.
- Strong credit profile under the specific investor's guidelines
- Documentable income, often with additional reserve requirements
- Debt-to-income within the investor's limits
- An acceptable property and appraisal, sometimes with a second valuation
All loans are subject to credit, income, property and underwriting approval. Nothing on this page is a loan offer, an approval, a rate lock or a commitment to lend. Programs, rates and terms are subject to change without notice.