You've already talked to your private banker. Here's what they didn't mention.
Why Jumbo with a broker?
Your private bank will quote you one rate. I'll show you what the market actually offers. Above $806K, the difference between lenders is significant and so is the difference between a 45-day close and a 21-day one. Sometimes a piggyback strategy beats a straight jumbo. We run the numbers both ways.
21 days. Their private bank needed 45.
High-net-worth buyer. Significant assets with a major investment firm.
Their private banker quoted a competitive rate and a 45-day close. The seller needed 30.
We shopped the file across lenders they'd never worked with. Came in at a competitive rate. Closed in 21 days.
The offer was accepted. The private bank lost the deal.
FAQs
What is the conforming loan limits?
Once your loan exceeds the conforming limit — $806,500 in most counties for 2026 — you're in jumbo territory. Different underwriting, different lenders, different rules. That's were having several options to choose from actually matters.
What credit score do I need?
Most jumbo programs require 700–720+ for standard products. Borrowers at 740+ typically see the most competitive rates and terms. Some programs go to 660 with appropriate compensating factors (larger down payment, significant reserves).
How much do I need to put down?
Typically 10–20% for primary residences. Some programs allow as little as 10% with excellent credit and reserves. Second homes typically require 15–20%. Investment property jumbo usually requires 20–30%.Describe the item or answer the question so that site visitors who are interested get more information. You can emphasize this text with bullets, italics or bold, and add links.
What if my income is self-employed or non-traditional?
This is where we genuinely shine. We have jumbo programs that accept bank statement income, asset depletion, and other alternative documentation — which most big banks cannot combine with jumbo amounts. A business owner buying a $1.2M home with 12 months of bank statements instead of tax returns is a realistic scenario for us.
How are jumbo rates compared to conventional?
The gap has narrowed significantly in recent years. With access to multiple portfolio lenders competing for your file, we often find pricing that's comparable to or better than what you'd get at a retail bank on a conforming loan. Competition matters.
Your private bank gave you one number.
Let's see what the market offers.
Roxy Miles
NMLS#2464939
Complex income specialist.
Former financial advisor.
865.424.7997
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