Jumbo Loan

We offer competitive pricing on jumbo loans.

What Is A Jumbo Loan?

A jumbo loan is one that exceeds county lending limits. A jumbo loan typically has much stricter requirements as it is considered a higher risk loan. Borrowers need to have exceptional credit and larger down payments.

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Jumbo Loan Qualification Requirements

Below are the basic qualification requirements for jumbo loans:

Excellent Credit

Jumbo loans require excellent credit history. Jumbo loans also have far stricter requirements on derogatory credit events such as bankruptcy.

Reserves

In addition to having a large down payment, borrowers need to have substantial reserves. Reserves are funds in savings accounts that can be relied upon in the event that the borrower loses their employment.

Job History

When qualifying for a jumbo loan, you must have a strong employment history. If you have recently switched jobs it may difficult to qualify for a jumbo loan.

A Customized Loan

for Your Life Path

At AMC, we believe in personalized banking. We use state of the art technology to make sure that you are advised, included, and supported through every step of the loan process. Most importantly, we take the time to know you and craft products that are tailored to you and your individual life path. Watch the video below to learn more about our unique approach to the loan process.

We Want To Hear From You – Apply Now To Connect With A Mortgage Consultant And Receive A Rate Quote That Fits Your Life Path.
Alameda Mortgage Corporation, NMLS #271603, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.