Jumbo Loans

Finance higher-priced homes with tailored underwriting.

Prospera Mortgage offers you loans through top wholesale lenders to match you with competitive pricing, faster turn times, and options that fit first-time and repeat buyers alike.

Why Choose Jumbo?

Big financing, built for your goals

  • Higher loan amounts for luxury, coastal, and urban markets above conforming limits.

  • Single-loan convenience vs. piggyback combinations in many scenarios.

  • Fixed & ARM structures to optimize your initial payment or long-term cost.

  • Primary & second homes: select options for investment properties (guidelines apply).

  • Cash-out and rate/term refinance paths available on eligible scenarios.

Document Checklist

Be application-ready

  • Government ID & SSN

  • 30 days of paystubs; last 2 years W-2/1099; tax returns if applicable

  • Recent bank/asset statements

  • Insurance quote (purchase)

  • Current mortgage & insurance (refi)

  • Purchase contract & condo docs (if applicable)

Who’s a Great Fit?

Jumbo work best when…

Your target price exceeds conforming/high-balance limits.

You have strong income and assets to satisfy reserve requirements.

You want single-loan simplicity over piggyback structures.

You value ARM flexibility for near-term cash-flow or strategy.

Jumbo Programs Available

Prime Jumbo

Competitive jumbo pricing with streamlined guidelines and fast turn times. Available for purchases, rate/term, and cash-out on eligible primary and second homes (and select investment scenarios).

  • Run full scenarios (rate, APR, payment) across fixed & ARM terms.

  • We’ll tailor reserves, assets, and income documentation to guidelines.

Prime Jumbo Max ARMs

Lower initial payments with longer fixed intro periods, helpful for planned refinances, principal curtailments, or shorter hold timelines.

  • Fixed for the first 7 or 10 years; adjusts per terms thereafter.

  • Pair with temporary buydowns where eligible for added early-payment relief.

Bridge to Jumbo

When you’re just above standard conforming limits, high-balance can deliver easier underwriting than many jumbo options while keeping payments competitive.

  • Great for eligible high-cost counties and mid-tier price points.

  • We’ll compare high-balance vs. jumbo for the lowest lifetime cost.

 

Jumbo Loan FAQs

  • Jumbo loans generally expect stronger credit and documentable reserves. Exact requirements vary by product and profile, we’ll size your scenario at pre-approval.

  • Yes, select jumbo ARM terms (e.g. 7/6 or 10/6) are available. We’ll compare ARM vs. fixed and show break-even timelines for your plan.

  • Cash-out is available on eligible jumbo scenarios, subject to LTV, credit, and seasoning rules. We’ll model payment impact and equity retention.

  • High-balance (sometimes called “super conforming”) sits between conforming and jumbo. It often offers simpler underwriting when your loan size is just above standard conforming limits.

Prospera Mortgage LLC is an independent mortgage broker. Programs, rates, terms and eligibility are subject to change without notice and may vary based on borrower profile, property type, occupancy, and market conditions. Not a commitment to lend. All loans are subject to underwriting approval. Equal Housing Opportunity.