

Jumbo Mortgage Loan
Everything is bigger in Texas, including some homes! Whether you're buying a home in a high-cost area or refinancing your existing jumbo loan, our Home Loan Heroes expertise is bigger, better, and ready to pave the way to your dream home!
The Home Loan that Lets You Dream Big:
- Low, fixed rates for affordable payments and no surprises later
- Loans up to $2.5 million
- Down payment as low as 10% for loans up to $1 million
- Terms of 15 or 30 years
- 30-day rate locks
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Jumbo Mortgage Loans
Type and Term | Rate1 | APR2 | Points |
Lender Fee |
---|---|---|---|---|
15-year Jumbo | 10.000% | 10.173% | 4.630% | 0.50% |
30-year Jumbo | 8.875% | 8.984% | 0% |
0.50% |
1 Rates listed for Jumbo Mortgages are based on a credit score of 740+, a minimum loan amount of $600,000 with a loan-to-value of no more than 80% and are for an owner-occupied, single-family residence. No cashout, qualifying debt ratios, credit, and a 30-day lock.
2 APR = Annual Percentage Rate. Rates effective 12/4/2023.
Frequently Asked Questions:
What qualifies as a Jumbo Loan?
A mortgage is classified as a Jumbo or non-conforming loan when it exceeds the maximum conventional loan (conforming limits). Currently, the Texas limit is $548,250.
What are the requirements for Jumbo Loans?
Loan amounts up to $2.5 million:
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Minimum 720 credit score
-
Maximum loan-to-value ratios up to 80%, maximum 43% debt-to-income ratio
Loan amounts up to $2 million:
- Minimum 700 credit score
-
Maximum loan-to-value ratios up to 80%, maximum 43% debt-to-income ratio
Loan amounts up to $1.5 million:
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Minimum 680 credit score
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Maximum loan-to-value ratios up to 80%, maximum 43% debt-to-income ratio
Loan amounts up to $1 million:
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Minimum 740 credit score
Maximum loan-to-value ratios up to 90%, maximum 38% debt-to-income ratio
Can I use a Jumbo Loan for investment property or a non-primary residence?
Yes, you can use a Jumbo loan for a 1- to 4-unit primary residence and a single-unit second home. Our Home Loan Heroes can provide more details for your specific purchase.