The Jumbo Loan Advantage: Think Bigger, Borrow Smarter
Blog posted On August 07, 2025
The saying is “go big or go home,” right? But wouldn’t you like to go big AND go home? With the help of a Jumbo Loan, you can do just that! If you’re a home buyer looking to either finance a more expensive property or you live in a high-cost area, we offer a suite of Jumbo Loan programs tailored to your specific needs and situation, including the brand new Elite Jumbo!
What Is a Jumbo Loan?
A Jumbo Loan is a type of non-conforming mortgage loan that is not backed by the federal government and exceeds the conventional conforming loan limits set by the Federal Housing Finance Agency (FHFA). Lenders like us offer these kinds of loans to finance luxury properties and homes in very expensive real estate markets, offering more flexible underwriting requirements for them.
Jumbo Loan Eligibility
- Proof of employment history and verifiable income
- A loan that exceeds the conforming loan limits in your area
- 660 minimum credit score
- 10% down payment or above
- 43% DTI or less
Types of Jumbo Loans
- Classic Jumbo
- Loan amounts up to $5 million
- Cash reserves of 6-30 months
- Available for 1-4 unit properties
- Elite Jumbo
- Loan amounts up to $2 million
- Cash reserves of 6-30 months
- Available for 1-2 unit properties
- Flex Jumbo
- Loan amounts up to $3 million
- Cash reserves of 9-36 months
- Available for 1-4 unit properties
- Premier Jumbo
- Loan amounts up to $2.5 million
- Cash reserves of 6-24 months (QM) or 12-48 months (Non-QM)
- Available for 1-2 unit primary residences and 1-4 unit investment properties
- Superior Expanded Jumbo
- Loan amounts up to $2 million
- Cash reserves of 6-18 months (QM) or 6-24 months (Non-QM)
- Available for 1-4 unit properties
- 2X Close Construction
- Allows buyers to finance a larger home build
- Loan amounts up to $1.5 million
- 80% max LTV
- Renovation Loans
- Loan amounts up to $1.5 million
- 80% max LTV
- Solar Loans
- Loan amounts up to $3.5 million
- 89.99% max LTV
- Supports clean and renewable energy-conscious residential lending
- Subject property must have a verified presence of a solar or geothermal energy feature
- Doctor Loans
- Loan amounts up to $2 million
- 90% max LTV
- Elite Super Jumbo
Interest-Only ARMs Options
We also offer interest-only Adjustable-Rate options for our Classic Jumbo Loans, which provide high-balance buyers with enhanced flexibility and buying power.
- Lower initial monthly payments
- Take advantage of lower ARM rates
- Strategic financing for jumbo-priced homes
- Max loan amount: $2 million
- Max LTV: 80% (minimum 20% down payment)
Introducing the Horizon Elite Jumbo!
We’ve just launched the Horizon Elite Jumbo Loan, which allows loan amounts of up to $5 million. This loan will allow greater buying power to jumbo home buyers, particularly in high-cost markets.
- Up to $5,000,000
- Maximum LTV: 70%
- Eligible for primary residences
- Options for purchase, rate-term, and cash-out refinancing
- Maximum cash-out: $1.5 million
Ready to Apply?
If you fit the criteria of a Jumbo Loan buyer and are looking to either purchase a luxury home or move into a high-cost area, we can help set you up with an application and get you preapproved.
Source: Investopedia
