Jumbo & Super Jumbo Loans
Exceptional homes deserve exceptional financing. MyLoanDesk's Jumbo and Super Jumbo programs go well beyond conforming loan limits, with the flexibility to structure your financing around how your wealth actually works — not just a single income documentation path. Whether your income is straightforward, tied up in a business, or held largely in liquid assets, there's likely a way to make the numbers work.
Estimate only. Does not include property taxes, insurance, or HOA dues. Reserve suggestions are illustrative and scale with loan size; actual requirements depend on the lender, program, and full financial profile.
What Is a Jumbo Loan — and a Super Jumbo Loan?
A jumbo loan is any mortgage above the "conforming" loan limit set annually by the Federal Housing Finance Agency (FHFA). For 2026, that baseline limit is $832,750 in most U.S. counties, rising to $1,249,125 in officially designated high-cost areas. Once a loan amount exceeds that threshold, it falls outside what Fannie Mae and Freddie Mac can purchase, and requires jumbo financing instead.
"Super jumbo" isn't an official government category — it's industry shorthand for jumbo loans well above the standard jumbo range, generally starting somewhere around $2.5–3 million and extending into eight-figure territory. MyLoanDesk's programs are built to serve this full spectrum, from a $900,000 jumbo purchase up to $30 million and, in select scenarios, beyond.
Five Ways to Qualify
High-net-worth and complex-income borrowers rarely fit into a single underwriting box — so we don't force one. Select how your financial picture is structured below to see the path likely to fit best.
Full Documentation
The traditional route — W-2s, pay stubs, and tax returns document your income directly. For borrowers with straightforward, well-documented income, this path often unlocks the most competitive pricing.
- Best for salaried employees and borrowers with consistent, provable income
- Typically the most competitive rate tier
- Full underwriting of income, assets, and credit history
How Jumbo Financing Works
Program Highlights
- Loan amounts from just above conforming limits up to $30M+
- No private mortgage insurance (PMI), regardless of down payment
- Five distinct qualification paths for complex financial profiles
- Interest-only payment options available on select programs
- Financing for primary residences, second homes, and investment properties
- Accommodates income and assets held in trusts, LLCs, and multiple entities
- Non-warrantable condos and unique luxury properties considered case-by-case
Because jumbo and super jumbo loans aren't sold to Fannie Mae or Freddie Mac, underwriting isn't bound by the same rigid rules as a conforming loan — which is exactly why multiple qualification paths exist. A borrower who wouldn't fit a conventional box on paper may still be an excellent credit risk once assets, business structure, or global income are properly accounted for.
Avoiding PMI on a multi-million dollar loan is a meaningful monthly savings compared to a conforming loan with mortgage insurance — on a $5M loan, PMI alone could otherwise represent thousands of dollars a month.
For borrowers with wealth spread across trusts, multiple businesses, or international accounts, having a lender that can actually underwrite that complexity — rather than asking you to simplify your finances to fit a form — often makes the difference between approval and a declined file elsewhere.
Who This Is For
- Buyers purchasing above their local conforming loan limit
- Business owners and entrepreneurs with complex or understated tax-return income
- High-net-worth individuals and retirees with substantial liquid assets
- International buyers purchasing U.S. property
- Investors purchasing luxury rental or vacation properties
- Borrowers with income or assets held in trusts or multiple business entities
A Note on Down Payment & Reserves
Down payment and reserve requirements on jumbo loans generally scale with loan size and qualification path. As a general guide:
| Loan Amount | Typical Reserve Guidance |
|---|---|
| Up to $1.5M | Around 6 months of PITI |
| $1.5M – $5M | Around 12 months of PITI |
| $5M – $15M | Around 18–24 months of PITI |
| $15M+ | 24+ months, evaluated case-by-case |
These figures are illustrative guidance, not a commitment — actual reserve and down payment requirements depend on your qualification path, credit profile, property type, and the specific program.
Jumbo & Super Jumbo vs. Conforming Financing
| Conforming Loan | Jumbo Loan | Super Jumbo Loan | |
|---|---|---|---|
| Loan amount | Up to $832,750 ($1,249,125 high-cost) | Above conforming, up to roughly $2.5–3M | Roughly $2.5–3M up to $30M+ |
| PMI required | Often, below 20% down | No | No |
| Qualification paths | Standard income documentation | Multiple paths available | Multiple paths, often essential |
| Sold to Fannie/Freddie | Yes | No — held or sold privately | No — held or sold privately |
| Best for | Typical home purchases within local limits | Above-average homes in most markets | Luxury and ultra-luxury properties |
Frequently Asked Questions
What is the difference between a jumbo loan and a super jumbo loan?
A jumbo loan is any mortgage above the conforming loan limit set annually by the FHFA — $832,750 in most U.S. counties for 2026, and up to $1,249,125 in high-cost areas. A super jumbo loan is an informal term for jumbo loans well above that threshold, typically starting somewhere around $2.5 million to $3 million and extending into eight figures, depending on the lender.
Do jumbo loans require private mortgage insurance (PMI)?
No. Jumbo and super jumbo loans typically don't carry PMI regardless of your down payment, unlike many conforming conventional loans. Lenders manage the added risk of a larger loan through credit, reserve, and down payment requirements instead.
Can I qualify for a jumbo loan without providing tax returns?
In many cases, yes. Alongside traditional full-documentation underwriting, options like bank statement qualification for self-employed borrowers and asset depletion (or asset utilization) qualification for high-net-worth borrowers can allow you to qualify without tax returns being the primary income document.
What is asset depletion or asset utilization qualification?
Asset depletion, also called asset utilization, is a qualification method that converts your liquid assets — such as investment or retirement accounts — into a monthly qualifying income figure, typically by dividing an eligible portion of those assets over a set number of months. It's often used by retirees, high-net-worth individuals, or business owners whose reported income doesn't reflect their true financial strength.
How much in reserves do I need for a jumbo or super jumbo loan?
Reserve requirements generally scale with loan size. Smaller jumbo loans may require around 6 months of principal, interest, taxes, and insurance (PITI) in reserves, while larger super jumbo loans, particularly above $5 million, often require 12 to 24 months or more, depending on the lender and the full financial profile.
Can foreign nationals qualify for a jumbo loan in the U.S.?
Yes, in many cases. Foreign national jumbo programs are designed for international buyers without U.S. credit history or domestic income documentation, typically requiring a larger down payment and additional documentation of foreign income or assets.
Can I get a jumbo loan on an investment property?
Yes. DSCR-based jumbo financing allows investment property purchases to be qualified based on the property's rental income relative to its debt obligations, rather than the borrower's personal income, which can be useful for luxury rental and investment properties above conforming loan limits.
What credit score do I need for a jumbo or super jumbo loan?
Jumbo lending generally expects stronger credit than conforming loans, often a score of 700 or higher, with larger super jumbo loans sometimes expecting 720 or above. Exact requirements vary based on the full loan scenario, including down payment, reserves, and qualification path.
Can complex income from trusts, LLCs, or multiple businesses be used to qualify?
Yes. Jumbo and super jumbo underwriting is often built to accommodate complex financial profiles, including income or assets held in trusts, multiple business entities, LLCs, and other non-traditional structures common among high-net-worth borrowers.