Getting a Jumbo Mortgage

As part of the interview with Senior Loan Officer Jim O' Malley, we asked him about Jumbo mortgages. In some states like Massachusetts, the jumbo level begins at $523,750. Over that limit, it becomes much harder to get a loan. You must have at least 25% down, 6 months of reserves, and a FICO score over 720.

As part of the interview with Senior Loan Officer Jim O' Malley, we asked him about Jumbo mortgages. In some states like Massachusetts, the jumbo level begins at $523,750. Over that limit, it becomes much harder to get a loan. You must have at least 25% down, 6 months of reserves, and a FICO score over 720.

This may vary by state so be sure to look up your state's conforming loan level.

Add your Comment

or use your BestCashCow account

or

Featured - 30 Year Fixed Mortgage Rates 2025

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Third Federal Savings & Loan
NMLS ID: 449401
6.390% 6.390% 0.00 $0 $2,000 Learn More
PenFed Credit Union
NMLS ID: 401822
6.391% 6.250% 0.88 $4,795 $1,971 Learn More
New American Funding, LLC.
NMLS ID: 6606
6.579% 6.490% 0.88 $2,963 $2,021 Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375% 0.88 $2,800 $2,211 Learn More