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Jumbo Mortgage Loans
Finance higher-priced homes with tailored underwriting, fixed & ARM options, and refinance paths — powered by UWM-backed jumbo solutions.
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.
Above conforming loan limits
Jumbo loans start where conforming ends (limits vary by county and property type). We’ll verify your price point, down payment, reserves, and income profile to match the right product.
Availability and eligibility change with market conditions. We’ll confirm your exact fit at application.
Jumbo Programs Available Through Prospera
Prime Jumbo — Fixed & ARM
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 (7/6 & 10/6)
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.
Conventional High-Balance (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.
Temporary Rate Buydowns
Lower your initial monthly payment with options like 3-2-1, 2-1, 1-1, or 1-0 buydowns (where eligible). Contributions can come from seller, lender, or borrower depending on program rules.
Product availability and buydown structures vary; we’ll confirm at lock.
Jumbo works 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.
Be application-ready
- Government ID & SSN
- 30 days of paystubs; last 2 years W-2/1099; tax returns if applicable
- Recent bank/asset statements (reserves may be required)
- Insurance quote (purchase)
- Current mortgage & insurance (refi)
- Purchase contract & condo docs (if applicable)
Jumbo vs. High-Balance vs. Conforming
| Feature | Jumbo | High-Balance | Conforming |
|---|---|---|---|
| Loan Amount | Above conforming limits | Between conforming & jumbo | At/below county conforming limit |
| Structures | Fixed & ARM (select) | Fixed & ARM | Fixed & ARM |
| Underwriting | More detailed; reserves common | Moderate | Most flexible |
| Best For | Luxury/coastal/urban price points | Just above conforming | Typical purchases/refis |
Jumbo Loan FAQs
What credit score and reserves do I need?
Jumbo loans generally expect stronger credit and documentable reserves. Exact requirements vary by product and profile — we’ll size your scenario at pre-approval.
Are jumbo ARMs available?
Yes, select jumbo ARM terms (e.g., 7/6 or 10/6) are available through UWM-backed programs. We’ll compare ARM vs. fixed and show break-even timelines for your plan.
Can I do a cash-out jumbo refinance?
Cash-out is available on eligible jumbo scenarios, subject to LTV, credit, and seasoning rules. We’ll model payment impact and equity retention.
What’s the difference between high-balance and jumbo?
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.
Your path to “Clear to Close”
- Discovery: Goals, price range, assets, and timeline.
- Pre-Approval: Strengthen your offer with verified income and assets.
- Program Match: We compare Prime Jumbo, ARMs, and High-Balance options.
- Underwriting & Appraisal: We keep you updated every step.
- Closing Day: Sign, celebrate, move in.
Prospera Mortgage 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 subject to underwriting approval. Equal Housing Opportunity.
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