I started out working with Amanda Ayoub and she was very attentive and considerate. She sensed my apprehension but was aware of my need to secure a loan to do some things to my house. She was expedient and disciplined in her approach and our journey was flawless. By the time she delivered me to Sue Beidoun, I felt like we had known each other a lifetime because of the level of comfort I felt. Sue B was no less focused and very intent on crossing the finish line with my home loan aspiration. This team, Amanda A and Sue… Read more →
Jumbo Loans. Large loans are in a league of their own.
With LitFinancial, you can finance your dream home with confidence.
Best for high-income buyers purchasing high-value properties.
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What is a jumbo loan?
A jumbo loan exceeds the size of loan that would meet the underwriting requirements of Fannie Mae, Freddie Mac, or the Federal Housing Finance Agency. Essentially, it’s a loan that’s too large to be covered by the terms of a conventional mortgage loan.
Is this loan right for me?
A better question is — is this house right for you? If you have your eyes set on a high-value property that’s more than $766,550, odds are you’ll need a jumbo loan. There are more checks and requirements on the borrower here, because the loan is not backed by the government or a mortgage association.
How can LitFinancial help?
Jumbo loans are high-stake loans. LitFinancial’s experienced loan officers can walk you through the ins and outs of a jumbo loan to explain complex terms in ways you can understand.
Frequently Asked Questions
Let's help make things clearer.
A Jumbo loan is a mortgage that’s larger than the standard conforming loan limit. It’s used to buy higher-priced homes.
The limit changes each year and varies by area, but jumbo loans start above the conforming loan limit, which is set by Fannie Mae and Freddie Mac.
Many lenders want 10%–20% down, but some offer as low as 5% with strong credit and income.
Most jumbo loans require 700 or higher, though some programs allow lower with strong financials.
Sometimes, but not always. Rates depend on your credit, down payment, and financial profile.
Because the loan amounts are higher, lenders want to see strong credit, stable income, and solid reserves.
Yes. Many jumbo programs require you to have months of mortgage payments saved—often 6–12 months or more.
You’ll need full income verification: pay stubs, W-2s, tax returns, bank statements, and investment statements.
Yes—many jumbo programs allow primary, second homes, and investment properties.
Usually no. Jumbo loans rarely require PMI, even with a smaller down payment.
Single-family homes, condos, townhomes, and multi-unit properties (depending on the lender).
You can choose either. Jumbo loans come in fixed-rate, ARM, and interest-only options.
They can, because underwriting is stricter, but most still close in 30–45 days.
Yes. You can refinance into another jumbo loan or into a conforming loan if the balance drops low enough.
Lenders look closely at your income history, stability, and overall financial picture. Self-employed borrowers may need extra documentation.
Most jumbo loans want a DTI below 43%, but some allow higher with strong compensating factors.
Yes, and some lenders require two appraisals because of the high loan amount.
Some jumbo programs allow gift funds, especially for the down payment, but rules vary widely by lender.
You may still qualify if you have strong credit, a larger down payment, or significant assets elsewhere.
It’s a good fit if you’re buying a high-priced home and have solid credit, income, and savings to support a larger mortgage.
Get started with our quote tools.
Whether you’re estimating your mortgage costs, seeking to simplify and save through debt consolidation, or aiming to explore and compare various loan options tailored to your needs, our intuitive tools are here to guide you every step of the way.
No SSN required. Zero impact to credit. Your information is never sold.
Why choose LitFinancial?
Experience Matters
When it comes to loan officers, we are experienced experts and take pride in leveraging our knowledge to help you every step of the way.
We Are Your Advocate
Our loan officers are advocates through -out your lending journey. From finding the right mortgage plan, to proactively engaging with key stakeholders on your behalf.
Relentlessly Seeking Solutions
We are committed and passionate about helping borrowers find their best financial fit. We tap our trusted network to look at any and all options.
Lit For Life
Our approach to advising is finding the best solution for each client’s life. We will also be there as your needs change through different life stages.
Advising You Like You’re Family
We are a mortgage partner that takes the time to listen to your needs and goals. We care about each client that tailor our advice for your best outcome.
Leading the Industry
We are constantly modernizing lending models, streamlining treasury operations, and increasing transparency across mortgages. This allows us to bring innovative products and better service to you.
Chris Solinski, Branch Manager
“Nothing is impossible. The word itself says ‘I'm possible!’”
People like LitFinancial
When you love what you do, it shows.
I worked with Sue and Niki from Lit Financial, and they were awesome! Their communication and customer service were impeccable from start to finish. They helped me through the challenging refinancing process with professionalism, patience, and care. They were always available to answer my questions and kept me informed every step of the way. I truly appreciate all of their hard work and would highly recommend Sue, Niki, and Lit Financial to anyone looking for financing. They made the entire process as smooth and stress-free as possible. Read more →
I refinanced my house recently and now having worked with both Mark H and Sue from LIT Financial I would absolutely recommend them. They both were very easy to work with, explained anything I asked and didn’t make me feel like I was getting worked over somehow like I have had with ALOT of other companies. It was just a nice experience, and I’ll absolutely be using them again if/when the time comes. Thanks again to those two. Read more →
orking with Silvana Saleh and Tony Marshall during our home refinance was truly a blessing. Silvana was there for me every single time I called — even once on a weekend when I was panicking. She stepped away from her family just to reassure me that everything was moving smoothly, and that level of care meant the world to me. When we reached the final stages, Tony Marshall stepped in and made sure the closing came together perfectly. They worked seamlessly as a team, and neither of them stopped until every detail was complete. I would recommend Silvana and Tony… Read more →
I had an amazing experience working with my mortgage bankers Sue and Lex, throughout the process of purchasing my vacation home. From start to finish, they were professional, knowledgeable, and always available to answer any questions I had. They made what could have been a stressful process feel smooth and straightforward, and I truly felt like they had my best interest in mind every step of the way. Their communication was excellent, and they kept everything on track and on time. I’m beyond grateful for their help in making this purchase possible. I highly recommend them to anyone looking for… Read more →