Jumbo loans · For luxury homes
Buying a luxury home? Know your financing first.
A jumbo loan is a mortgage larger than the conforming loan limit, the maximum amount Fannie Mae and Freddie Mac will buy in your county. It works for a home you live in, a second home, or an investment property. Because the loan is larger, lenders review your finances more closely. A well-prepared file up front keeps the process smooth.

What to know.
The essentials, in plain English.
- One loan above the limit
Finance the full amount in a single loan, so you are not managing a second mortgage alongside your main one. The conforming limit is the cap set for your county.
- Choices that fit how long you’ll stay
Pick a fixed rate that stays the same for the whole loan, or an adjustable rate (ARM) that stays fixed for a set period and then adjusts. The right fit depends on how long you plan to keep the home.
- Your home, a second home or an investment
Jumbo financing can apply to the home you live in, a vacation property, or a rental. Guidelines differ by how you will use the property, so we review that first.Jumbo loans can finance the home you live in, a vacation property or a rental.
- A file built to hold up
Underwriting is the lender’s review of your finances, and on a jumbo loan it looks closely at income, assets and reserves (the savings you have left after closing). We organize your file with you up front, so there are no surprises later.
What happens after you press the button.
- We reach out with a total cost analysis taking all apsects into the equation
- Ryan reads what you send personally and gets in touch to talk it through.
- What you’ll talk about
- Your price range, income, assets and reserves, and whether the home is your main home, a second home or an investment.
- What to have handy
Estimated income, rough balances of assets, estimated return on current investments and the price range you’re shopping in.

Who it fits
Buyers and owners of higher-priced homes with strong credit and solid savings.
- Buyers of homes above the conforming limit
- Second-home buyers
- Investors
- Owners refinancing a larger loan

What you’ll need
Jumbo files are thorough. Your loan officer confirms the list with you.
- Pay stubs, W-2s and tax returns
- Statements for your bank, brokerage and retirement accounts
- Details of any other properties you own
- A photo ID
Common questions
When do I need a jumbo loan?
When the amount you borrow is above the conforming loan limit for your county, which is set each year.
Jumbo or a conventional loan with a second mortgage?
Some buyers pair a conventional loan with a second mortgage instead of one jumbo loan. It can work, with two payments and two sets of terms to weigh. Your loan officer can price both.
Are jumbo loans harder to get?
They look more closely at credit, income and savings, because no government agency backs them. A clear picture of your finances up front makes the process smoother.
How much do I need in reserves?
It depends on the lender, the loan amount and the property. Reserves are the savings you still have after closing, counted in months of mortgage costs, and your loan officer can tell you what your loan will need.
Do jumbo loans need a larger down payment?
Usually more than a conventional loan asks for, though it varies by lender and loan size. Your loan officer can show you the options, with the full terms of each.
Can I choose an adjustable rate on a jumbo loan?
Yes. Many jumbo borrowers choose an adjustable rate that stays fixed for an initial period. Your loan officer can compare fixed and adjustable options side by side.
Will I need two appraisals?
Some jumbo loans need a second appraisal, usually at higher loan amounts. Your loan officer will tell you whether yours does.
Will checking my options affect my credit?
Answering a few questions doesn’t check your credit. A credit check comes later, only with your permission, and your loan officer can explain how it may affect your score.
What if I don’t qualify?
Your loan officer can show you other ways to structure the purchase, such as a larger down payment or a different loan, and what would change the answer.
What does a jumbo loan cost?
Closing costs such as lender fees, title charges and one or two appraisals. Your Loan Estimate lists every cost before you commit.
5.0
45 reviews on Google
Northbrook families,
in their own words.
“We are so incredibly grateful we found Ryan! My wife and I were pretty overwhelmed when we first started looking at mortgages. When we were shopping around, we always felt like we were constantly being pushed into boxes or swayed into lending options that just didn't fit us. Meeting Ryan was a total breath of fresh air. From our very first conversation, he didn't treat us like just another file—he took the time to actually listen and understand exactly where we were at in our lives. Because of his incredible knowledge, he helped us get the exact mortgage we needed for our dream home. He educated us, answered every single silly question we had, and turned our anxiety into pure excitement. Ryan is truly incredible at what he does.”
Jonathan Peig2 months ago
“Thank you to Ryan and his team. Our realtor recommended them. We are very happy we decided to work with them. They kept in touch after we decided it wasn't the right time to buy. One year later, we are in our new home. They made the loan process a stress free experience. They put in the time and effort to make sure their clients are able to make informed decisions. I definitely recommend them for your financing needs!”
Amanda Atkinsona year ago
“We were caught in a situation where we needed to close rather quickly and Ryan and his team at Neighborhood Loans really came through. Ryan had great ideas regarding the financing options available. The communication process was markedly better than any of our previous dealings with lenders. The entire team was fabulous to work with-they showed great patience dealing with form submissions, etc. as we are not the most tech savvy couple. Bottom line-one of the finest customer service experiences ever for Lisa and I. We would heartily recommend Ryan and his team to anyone looking for mortgage assistance. Five Stars!”
Lisa J. Rastello3 years ago
“We are so incredibly grateful we found Ryan! My wife and I were pretty overwhelmed when we first started looking at mortgages. When we were shopping around, we always felt like we were constantly being pushed into boxes or swayed into lending options that just didn't fit us. Meeting Ryan was a total breath of fresh air. From our very first conversation, he didn't treat us like just another file—he took the time to actually listen and understand exactly where we were at in our lives. Because of his incredible knowledge, he helped us get the exact mortgage we needed for our dream home. He educated us, answered every single silly question we had, and turned our anxiety into pure excitement. Ryan is truly incredible at what he does.”
Jonathan Peig2 months ago
“Thank you to Ryan and his team. Our realtor recommended them. We are very happy we decided to work with them. They kept in touch after we decided it wasn't the right time to buy. One year later, we are in our new home. They made the loan process a stress free experience. They put in the time and effort to make sure their clients are able to make informed decisions. I definitely recommend them for your financing needs!”
Amanda Atkinsona year ago
“We were caught in a situation where we needed to close rather quickly and Ryan and his team at Neighborhood Loans really came through. Ryan had great ideas regarding the financing options available. The communication process was markedly better than any of our previous dealings with lenders. The entire team was fabulous to work with-they showed great patience dealing with form submissions, etc. as we are not the most tech savvy couple. Bottom line-one of the finest customer service experiences ever for Lisa and I. We would heartily recommend Ryan and his team to anyone looking for mortgage assistance. Five Stars!”
Lisa J. Rastello3 years ago
“We are so incredibly grateful we found Ryan! My wife and I were pretty overwhelmed when we first started looking at mortgages. When we were shopping around, we always felt like we were constantly being pushed into boxes or swayed into lending options that just didn't fit us. Meeting Ryan was a total breath of fresh air. From our very first conversation, he didn't treat us like just another file—he took the time to actually listen and understand exactly where we were at in our lives. Because of his incredible knowledge, he helped us get the exact mortgage we needed for our dream home. He educated us, answered every single silly question we had, and turned our anxiety into pure excitement. Ryan is truly incredible at what he does.”
Jonathan Peig2 months ago
“Thank you to Ryan and his team. Our realtor recommended them. We are very happy we decided to work with them. They kept in touch after we decided it wasn't the right time to buy. One year later, we are in our new home. They made the loan process a stress free experience. They put in the time and effort to make sure their clients are able to make informed decisions. I definitely recommend them for your financing needs!”
Amanda Atkinsona year ago
“We were caught in a situation where we needed to close rather quickly and Ryan and his team at Neighborhood Loans really came through. Ryan had great ideas regarding the financing options available. The communication process was markedly better than any of our previous dealings with lenders. The entire team was fabulous to work with-they showed great patience dealing with form submissions, etc. as we are not the most tech savvy couple. Bottom line-one of the finest customer service experiences ever for Lisa and I. We would heartily recommend Ryan and his team to anyone looking for mortgage assistance. Five Stars!”
Lisa J. Rastello3 years ago
“We are so incredibly grateful we found Ryan! My wife and I were pretty overwhelmed when we first started looking at mortgages. When we were shopping around, we always felt like we were constantly being pushed into boxes or swayed into lending options that just didn't fit us. Meeting Ryan was a total breath of fresh air. From our very first conversation, he didn't treat us like just another file—he took the time to actually listen and understand exactly where we were at in our lives. Because of his incredible knowledge, he helped us get the exact mortgage we needed for our dream home. He educated us, answered every single silly question we had, and turned our anxiety into pure excitement. Ryan is truly incredible at what he does.”
Jonathan Peig2 months ago
“Thank you to Ryan and his team. Our realtor recommended them. We are very happy we decided to work with them. They kept in touch after we decided it wasn't the right time to buy. One year later, we are in our new home. They made the loan process a stress free experience. They put in the time and effort to make sure their clients are able to make informed decisions. I definitely recommend them for your financing needs!”
Amanda Atkinsona year ago
“We were caught in a situation where we needed to close rather quickly and Ryan and his team at Neighborhood Loans really came through. Ryan had great ideas regarding the financing options available. The communication process was markedly better than any of our previous dealings with lenders. The entire team was fabulous to work with-they showed great patience dealing with form submissions, etc. as we are not the most tech savvy couple. Bottom line-one of the finest customer service experiences ever for Lisa and I. We would heartily recommend Ryan and his team to anyone looking for mortgage assistance. Five Stars!”
Lisa J. Rastello3 years ago
“Ryan from the neighborhood loans team is the kind person you want in your corner when buying a home. From pre-approval to close, he was responsive, consultative, and patient. We felt complete transparency and support from the entire Neighborhood Loans team at every step of our journey. I could not recommend them enough!”
Andrew Harrisa year ago
“Ryan is a class act! I can’t speak highly enough of him and his team. He was so helpful, knowledgeable, responsive, and always so incredibly friendly. I appreciated all of the 1x1 help Ryan and his team extended to me. Ryan was always available, day and night, weekdays and weekends, to help answer any questions I had. He and his team really go the extra mile to show that your business matters to them. They work hard to get you the best rate and help put together options that work for you. Ryan and his team made the home-buying process an enjoyable one and I’m so grateful I was able to work with him. I will continue to recommend Ryan to my family and friends!”
Rebecca3 years ago
“Ryan from the neighborhood loans team is the kind person you want in your corner when buying a home. From pre-approval to close, he was responsive, consultative, and patient. We felt complete transparency and support from the entire Neighborhood Loans team at every step of our journey. I could not recommend them enough!”
Andrew Harrisa year ago
“Ryan is a class act! I can’t speak highly enough of him and his team. He was so helpful, knowledgeable, responsive, and always so incredibly friendly. I appreciated all of the 1x1 help Ryan and his team extended to me. Ryan was always available, day and night, weekdays and weekends, to help answer any questions I had. He and his team really go the extra mile to show that your business matters to them. They work hard to get you the best rate and help put together options that work for you. Ryan and his team made the home-buying process an enjoyable one and I’m so grateful I was able to work with him. I will continue to recommend Ryan to my family and friends!”
Rebecca3 years ago
“Ryan from the neighborhood loans team is the kind person you want in your corner when buying a home. From pre-approval to close, he was responsive, consultative, and patient. We felt complete transparency and support from the entire Neighborhood Loans team at every step of our journey. I could not recommend them enough!”
Andrew Harrisa year ago
“Ryan is a class act! I can’t speak highly enough of him and his team. He was so helpful, knowledgeable, responsive, and always so incredibly friendly. I appreciated all of the 1x1 help Ryan and his team extended to me. Ryan was always available, day and night, weekdays and weekends, to help answer any questions I had. He and his team really go the extra mile to show that your business matters to them. They work hard to get you the best rate and help put together options that work for you. Ryan and his team made the home-buying process an enjoyable one and I’m so grateful I was able to work with him. I will continue to recommend Ryan to my family and friends!”
Rebecca3 years ago
“Ryan from the neighborhood loans team is the kind person you want in your corner when buying a home. From pre-approval to close, he was responsive, consultative, and patient. We felt complete transparency and support from the entire Neighborhood Loans team at every step of our journey. I could not recommend them enough!”
Andrew Harrisa year ago
“Ryan is a class act! I can’t speak highly enough of him and his team. He was so helpful, knowledgeable, responsive, and always so incredibly friendly. I appreciated all of the 1x1 help Ryan and his team extended to me. Ryan was always available, day and night, weekdays and weekends, to help answer any questions I had. He and his team really go the extra mile to show that your business matters to them. They work hard to get you the best rate and help put together options that work for you. Ryan and his team made the home-buying process an enjoyable one and I’m so grateful I was able to work with him. I will continue to recommend Ryan to my family and friends!”
Rebecca3 years ago
Make your offer
with your financing ready.
Bring Ryan the home you have in mind, and plan the purchase together.
(773) 569-8692