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Jumbo Loans

Jumbo loans options help borrowers looking for higher loan amounts

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A Mortgage Option That Fits Your Home

Don’t let conventional loan limits keep you from finding financing for your dream home! Jumbo Loans with Newfi offer borrowers mortgage options with multiple loan terms and higher loan limits, up to $3M in financing.

Get In Touch with a Newfi Senior Loan Advisor Today!

Our team of dedicated Senior Loan Advisors are here to help you find the right mortgage solution for your situation.

What is a

Jumbo Loan?

Conventional mortgage options have guidelines surrounding maximum loan limits that are set by Fannie Mae and Freddie Mac. These loan limits can keep some borrowers from being able to find financing for their homes, even though they’re able to qualify. To serve borrowers who need higher loan limits, Non-Agency lenders offer home loans called Jumbo Mortgages. These mortgages help borrowers in high-value or competitive areas purchase a home.


Customers Helped


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Lending in 40 States

How Does a Jumbo

Mortgage Work?

Jumbo Mortgages are similar to Conventional Mortgages, but they allow borrowers to finance greater loan amounts compared to Conventional Mortgages. These loan amounts vary between states, on a county level. Generally, the more expensive counties offer higher loan amount limits. If you’re curious about loan limits in your county, talk to a Newfi Senior Loan Advisor today!

Frequently Asked Questions

What are the Benefits of a Jumbo Mortgage?

  • Permits Higher Loan Amounts than Conventional Mortgages 
  • Flexible Rates and Terms Available
  • Finance Primary Residences, Second Homes, and Investment Properties Using Jumbo Loans

What are the Disadvantages of a Jumbo Mortgage?

  • Interest Rates May be Higher than Conventional Loans
  • Higher Down Payments May be Required
  • Lower Debt-to-Income (DTI) May be Required 
  • Higher Credit Scores May be Required — Typically 660 or More

What Loan Term Options are Available for Jumbo Loans?

  • 15-,  30-, and 40-Year Fixed Rate Mortgages 
  • 30-Year Adjustable Rate Mortgages 
  • 30 and 40-Year Fixed Rate Interest-Only Mortgages

What are Down Payment Requirements for a Jumbo Loan?

Down payment requirements will vary depending on other factors, such as your credit score and DTI. However, you may be able to put as little as 10% with a Jumbo Mortgage.

What is the First Step for Getting a Jumbo Home Loan?

Because everyone has their own unique situation, we recommend speaking to a loan advisor about your options as your first step. Go to for a free consultation with one of our licensed loan advisors to learn about what documentation and qualifications you may need!

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