Jumbo Loans


Jumbo mortgage loans facilitate the purchase of borrower dream homes

You've got big dreams. We can see it in your eyes.

At Waterstone Mortgage, our Jumbo loans make it easier than ever for homebuyers to purchase their dream homes.

With flexible options, program expertise, and superior service, we'll work with you to select a loan program that meets your financial needs and goals.


What Is a Jumbo Loan?

A Jumbo loan is any home loan that exceeds a specific threshold called the conforming loan limit. Currently, the conforming loan limit for a single-family home is $453,100. However, loan limits can go higher in some high-cost areas of the continental United States.


What Makes Jumbo Loans Unique?

Jumbo loans differ from conforming loans in several ways. First, they offer a larger amount of financing than a conforming loan. With this larger loan amount typically comes slightly higher interest rates than conforming loans for lower amounts.


Am I Eligible for a Jumbo Loan?

The same factors examined when applying for any home loan are looked at when applying for a Jumbo loan. However, qualifying for a Jumbo loan typically requires higher credit scores, lower debt-to-income ratios, higher reserves, and larger down payments than qualifying for a standard conforming home loan.


What Are the Benefits of a Jumbo Loan?

There are number of benefits Jumbo loans offer when compared to other methods for financing more expensive homes.


Benefits include:

  • Financing available up to $2.5 million

  • The convenience of one loan for the entire loan amount instead of having multiple mortgages

  • Competitive pricing

  • Fixed and adjustable rate mortgage options available

  • Quick turnaround with in-house underwriting


How Do I Get Started?

Let the experienced professionals at Waterstone Mortgage guide you throughout the entire Jumbo loan process. With our expertise and attention to detail, we'll work with you from application to closing to make your homeownership dreams a reality.


Get started by finding a mortgage loan professional in your area!


All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment.