When the home you want costs more than the conforming loan limit, a jumbo loan lets you finance it with a single mortgage. Fidelity Funding has helped Southern California families finance high-value homes for more than 25 years.
A jumbo loan is a mortgage that exceeds the conforming loan limit set each year for Fannie Mae and Freddie Mac. Because these loans cannot be sold to those agencies, lenders set their own guidelines, which usually means stronger credit, larger reserves and more documentation.
Finance homes well above the conforming limit.
Choose a fixed rate or an adjustable rate to fit your plans.
Available for primary homes, second homes and some investments.
Avoid juggling a first and second mortgage.
Choose a topic to jump to the details.
Jumbo lenders typically look for a credit score of 700 or higher, a debt-to-income ratio in the low 40s or below, and meaningful cash reserves, often 6 to 12 months of payments.
Down payments commonly start around 10% to 20% depending on the loan amount and property.
Back to topicsReserves are savings you have left after closing. Retirement and investment accounts may count toward reserves, usually at a discounted value.
Reserves are liquid assets left after closing, measured in months of the new payment. Jumbo lenders use them to confirm you can handle the payment through a job change or market dip. Retirement and brokerage accounts can often count, sometimes at a discounted value.
Back to topicsLarger loans sometimes require a second appraisal. Our Appraisal Refund promise still applies: if you close with us, your appraisal fee is refunded regardless of the value.
Back to topicsIf you are close to the limit, a larger down payment may let you stay in conforming territory. We will run both options so you can compare.
Back to topicsWe compare these side by side so you can see total cost, not only the rate.
Back to topicsTell us about your goals. A loan officer will confirm whether this program is the right fit.
We fill out the application with you and send a secure list of documents to upload.
We handle appraisal, underwriting and title, keeping you updated by phone, text or email.
Every file is different. Your loan officer will send an exact list.
Have a question that is not answered here? Ask a loan officer.
Not always. Jumbo rates can be competitive with or even below conforming rates depending on the market.
Some programs allow it for strong borrowers, typically with higher reserves.
Yes. Non-QM jumbo options can use bank statements instead of tax returns.
Any amount above your county's conforming limit. Ask us for the current figure.
If your loan amount, not the price, is above the conforming limit for the county, the loan is jumbo. A larger down payment can sometimes keep you in conforming territory.
Not always. Depending on the market, jumbo rates for strong borrowers can be close to or even below conforming rates.
Talk to a loan officer
Tell us a little about your plans. A licensed loan officer will call you, usually the same business day.
Prefer to call? (800) 592-8882