Loan options
Jumbo Loan
The loan an ordinary Los Angeles purchase often turns out to need. Stricter underwriting, real reserves, and a file that has to be clean.
A jumbo loan is any mortgage larger than the conforming limit set each year for the county you are buying in. In much of Los Angeles that limit arrives sooner than people expect, which means plenty of ordinary purchases are jumbo purchases. Underwriting is stricter, reserves matter more, and the file has to be clean.
Who it fits
This loan fits you if
- The loan you need is above your county's conforming limit
- You have strong credit and real reserves after closing
- Your income is documented and stable
- You want one loan instead of splitting into two
When it applies
Above the conforming limit set each year for your county
Reserves
Real money left after closing, counted in months of the new payment
Underwriting
A person reads the file, so how it is documented decides it
Next step
Get Prequalified
Think Jumbo Loan might be the one
Let us confirm it against your actual numbers before you fall in love with a house.