Lower payment on your high-value homeGet financed for a higher loan amountFixed or adjustable rates
Secure a lower interest rate and make smaller payments every month.
Choose an adjustable- or fixed-rate mortgage to fit your financial goals.
Get cash from your home’s value to pay off debt, renovate, or anything you’d like.
Over 730K clients. 23 years’ experience. One goal: helping you build a brighter future.
See your best loan options with technology that analyzes your finances in real time.
Pick the right loan and term that helps you achieve your unique homeownership goals.
Get approved and funded quickly, so you can enjoy your new financial freedom.
See your best loan options with technology that analyzes your finances in real time.
Pick the right loan and term that helps you achieve your unique homeownership goals.
Get approved and funded quickly, so you can enjoy your new financial freedom.
Jumbo refinances replace a high-balance mortgage with a new one, typically to lower your rate, switch from ARM to fixed, or consolidate a piggyback second mortgage.
Most jumbo refinances require 700+ FICO, 20%+ equity, and 6 to 12 months of cash reserves at closing.
Jumbo underwriting is thorough, including tax returns, asset statements, employment verification, and often source-of-funds letters.
Jumbo refinances typically close in 45 to 60 days. The highest-value properties require two appraisals to confirm the value.
Even a small rate reduction on a jumbo balance creates meaningful monthly and lifetime savings.
Jumbo refinances typically cap at 80% LTV on most programs (75% on cash-out variants). Strong credit and substantial reserves are the standard package.
A jumbo refinance is most valuable when the math is large; small rate changes on a large balance create meaningful monthly savings.
On a high-balance loan, even a half-point rate drop translates into meaningful monthly and lifetime savings, easily justifying closing costs.
Combine your first mortgage and a second mortgage or HELOC into a single jumbo loan with one payment and one rate.
If you used an ARM to qualify and your fixed period is ending, refinancing into a jumbo fixed locks in long-term certainty.
A jumbo cash-out refinance can fund a major renovation, a second home down payment, or a business investment using equity in your primary.
Jumbo underwriting is more conservative than conforming; strong credit, low DTI, and deep reserves are the standard package.
700+ minimum at most lenders; 740+ for the best pricing. Recent late payments or collections complicate approval.
Often capped at 43%; some programs allow up to 45% with strong reserves and credit. Lower is always better in jumbo.
Rate-and-term refinances typically max at 80% to 90% LTV. Cash-out caps at 75% to 80% LTV depending on credit and loan size.
Six to twelve months of mortgage payments in liquid reserves at closing, plus a two-year W-2 or self-employment record, current paystubs, and bank statements covering source of funds.
If your loan amount exceeds the conforming limit set by the Federal Housing Finance Agency, you're in jumbo territory, and the rules change.
Jumbo refinances unlock financing options for high-value properties, but underwriting is stricter and reserves matter more.
Well-qualified jumbo borrowers often get rates close to, sometimes below, conforming rates, because lenders compete for this profile.
No need to split into a conforming first plus a second mortgage. One loan, one rate, one payment, one closing.
If you've built significant equity in a high-value home, a jumbo cash-out can access more cash than any HELOC or home equity loan.
Jumbo programs include fixed terms, ARMs, and interest-only structures; useful for sophisticated borrowers managing cash flow.
Mortgage interest on jumbo loans may be tax-deductible up to the IRS limit. Confirm with a tax advisor based on your situation.
Jumbo lenders want 700+ scores, often 740+, with clean recent credit history. Past late payments are harder to explain away.
Six to twelve months of mortgage payments in liquid reserves is typical. That can be a significant amount on a jumbo loan.
Tax returns, asset statements, employment verification, and often source-of-funds letters. Self-employed borrowers face the heaviest paperwork load.
Closing costs scale with the loan amount, so 2% to 5% on a jumbo refinance is a larger absolute number than on a conforming loan.
Some jumbo programs require two appraisals on the highest-value properties to confirm the home supports the loan amount.
A jumbo loan refinance replaces an existing mortgage that is higher than the limits for conforming loans with a new loan. This lets homeowners of high-value properties get a lower rate, a different term, or access their home equity. Continue Reading...
Absolutely. You can refinance a jumbo loan just like a conventional mortgage, but with specialized options designed for high-value properties and borrowers with substantial assets. Refinancing a loan can help lower your rate, change your term, or access your home’s equity.
Refinancing your jumbo loan could substantially lower your monthly payment, reduce total interest costs over the life of your loan, or give you access to the equity you’ve built in your high-value home. It’s worth considering if your financial situation has improved or market rates have changed since you got your original loan.
