Loan Options

Jumbo Home Loans

California Jumbo Loans: High-Balance Mortgage Solutions for High-Value Homes

Banner Text: Buying a luxury primary home, second home, or high-value investment property in California often means financing above standard conforming limits. Our Jumbo loan programs provide flexible leverage, low fixed or adjustable rates, and options with as little as 10% down—all with no monthly PMI.

What is a Jumbo Loan and How Does It Work?

A Jumbo loan is a mortgage that exceeds the standard conforming loan limits established annually by the Federal Housing Finance Agency (FHFA). Because Jumbo mortgages are not backed by government-sponsored entities like Fannie Mae or Freddie Mac, they are held in portfolio by private investors or wholesale lenders. This allows lenders to set customized underwriting guidelines and offer competitive pricing tailored for high-net-worth borrowers.

Key Benefits

No Monthly PMI:

Unlike conventional loans with low down payments, Jumbo mortgages never require monthly private mortgage insurance, saving borrowers hundreds of dollars each month.

Higher Purchase Power:

Finance luxury primary homes, custom builds, or multi-million dollar properties without needing to split into multiple mortgages.

Competitive Fixed & ARM Rates:

Jumbo interest rates often run close to or even below standard 30-year conforming rates due to strong borrower credit profiles.

Non-QM Options for Self-Employed Buyers:

Self-employed high earners can qualify for Jumbo amounts using 12 to 24 months of Bank Statements or Profit & Loss statements rather than tax returns.

Who Qualifies for a Jumbo Loan in California?

Credit Profile: While some programs allow a 680 credit score, applicants with a 740+ credit score unlock the best interest rate tiers and maximum leverage.

Down Payment & Equity: Standard Jumbo programs prefer 15% to 20% down, though specialized programs permit 10% down up to designated loan caps.

Asset Reserves: Lenders typically require 6 to 12 months of mortgage payments (PITI) remaining in liquid accounts (savings, stocks, or retirement accounts) after closing.

Requirements at a glance

Requirement

What it means

Types of Jumbo Loan Options Available

30-Year & 15-Year Fixed-Rate Jumbo: Secures long-term stability with predictable principal and interest payments throughout the entire loan lifecycle.
Jumbo Adjustable-Rate Mortgages (ARMs): Provides a lower initial interest rate for 5, 7, or 10 years, making it ideal for buyers planning to refinance or relocate within that timeframe.
Interest-Only Jumbo Loans: Lower your monthly payments during the initial 10-year period by paying only interest, allowing you to retain cash flow for other investments.
Bank Statement Jumbo Loans: Custom Non-QM solutions for entrepreneurs, business owners, and real estate investors who receive substantial cash flow that isn’t fully reflected on standard W-2s.

Common Questions

At a glance

Loan Threshold

Exceeds county conforming limits ($832,750+ in baseline counties; $1,249,125+ in high-cost CA counties)

Down Payment

Options starting at 10% down (with 15% to 20%+ unlocking lowest pricing)

Private Mortgage Insurance (PMI)

Credit Score

680+ typical minimum (740+ for premier rates)

Loan Structures

15 & 30-Year Fixed Rates, 5/1 & 7/1 ARMs, and Interest-Only options

Secure high-balance financing without jumping through unnecessary hoops. Contact Secured Lending Group today to compare Jumbo fixed and ARM rate structures, verify reserve guidelines, and get pre-approved quickly.

See what you qualify for

Pre-approval takes about ten minutes online and comes back within a day. No cost, no obligation, no effect on your credit score to find out.