High Balance Jumbo Loan
High-Balance & Jumbo Loans Financing Luxury Homes, High-Cost Areas, and Large Real Estate Investments For buyers purchasing in high-cost markets or securing larger loan amounts, High-Balance and Jumbo Loans offer the flexibility and financing needed to close on premium properties.
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These programs are designed for borrowers who exceed standard conventional loan limits and need customized mortgage solutions. At Verdov Mortgage Group, we provide competitive options for high-value homes across New York, New Jersey, Pennsylvania, and Florida.
What Are High-Balance & Jumbo Loans?
High-Balance Loans A high-balance loan is a conventional mortgage that exceeds standard conforming loan limits but still falls within Fannie Mae/Freddie Mac’s expanded limits for high-cost counties. Ideal for areas like NYC, Miami, and other high-cost markets Lower rates than Jumbo Follows most conventional guidelines with slightly stricter requirements Jumbo Loans A jumbo loan is a non-conforming mortgage that exceeds the maximum loan limits set by Fannie Mae and Freddie Mac. Larger loan amounts (up into the millions)More flexible qualification options Available through portfolio and private lenders​
Typical Requirements Qualification
Guidelines vary by lender, but most jumbo and high-balance programs require: Credit Score: 680–740+Down Payment: 10%–20% depending on loan size Reserves: 6–12 months of payments in savings/assets DTI (Debt-to-Income): Usually ≤ 43%Strong, stable income history (W2 or self-employed accepted)Full appraisal (sometimes two appraisals for large loans)
Key Benefits
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Higher Purchase Power Finance homes above standard conforming limits, perfect for competitive markets.
​- Flexible Loan Structures Options include : 30-year fixed 15-year fixed ARM options (5/6, 7/6, 10/6) Interest-only programs (select lenders).
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​​- Competitive Rates for Qualified Borrowers : Strong credit and assets can result in excellent jumbo pricing.
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​​- Primary, Secondary & Investment Properties Buy : Luxury primary residences Second/vacation homes Income-producing investment properties.
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​​- Low Down Payment Options Available Some lenders offer : 10% down up to certain jumbo limits15–20% down for larger balances No mortgage insurance (PMI) required on most jumbo loans.
Eligible Property Types Single-family homes Condos & townhomes 2–4 unit properties Luxury and waterfront homes Investment properties Certain mixed-use properties (lender dependent).
