Jumbo Loans

Jumbo mortgages are home loans that exceed conforming loan limits.  If you are thinking about buying a high-priced or luxury home, check into jumbo home loans.

The requirements and guidelines include: 

  • Good credit history – Conventional loans are a good choice for borrowers with very good credit.This generally means a FICO score of 700 or higher.

  • Financial strength – When applying for a jumbo mortgage, the maximum debt-to-income ratio for jumbo loans is 45 percent. The required reserve amount for jumbo loan borrowers can be as high as 20 percent of the value of the loan.

  • Larger down payment – There is no private mortgage insurance option with a jumbo mortgage. The required down payment will be larger - typically 20 percent.

  • Property appraisal – The property appraisal must support the purchase price for the home and the mortgage

The limit on conforming loans is $424,100 in most areas of the country, but jumbo mortgages can exceed these limits. Even so, if you're considering a home in a high-cost area, you may still be able to obtain a conforming fixed-rate mortgage or adjustable-rate mortgage for up to $636,150. FHA loans have limits up to $729,750.


For more information on Jumbo Loans, give us a call or complete the online application.

Darren Ferlisi

Mortgage Loan Originator

NMLS ID#139611

Cell Phone: 301.448.0749

Office Phone: 240.415.5065 

FAx Number: 240.415.5019 

Email: dferlisi@ihmcloans.com

5300 Westview Drive, Ste 408, Frederick, MD 21703

Branch NMLS ID# 844634

Web site for informational purposes only.  All borrowers are subject to underwriting and qualification guidelines. View Our Privacy Policy.

License Info

VA State Corporation Commission

West Virginia Division of Banking

MD Commissioner of Financial Regulations

Pennsylvania Department of Banks and Securities #37079.002

NMLS ID #208516 (www.nmlsconsumeraccess.org)

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Integrity Home Mortgage Corporation (IHMC) is not affiliated with or acting on behalf of or at the direction of the FHA, VA, USDA or the Federal Government.