Jumbo Loan Program, Rates and Requirements

If you're planning to purchase or refinance a high-priced home in Maryland, Home Point Financial’s Jumbo Loan Program may be a good fit.

Jumbo loans are for borrowers looking to buy or refinance a home that exceeds conforming loan limits (the limit on conforming loans is $424,100 in most areas of the country). Home Point Financial’s Jumbo program is a great way to buy a luxury home.

Home Point Financial offers a suite of Jumbo loan products for Maryland home buyers – Premiere, Select and Choice. Through these three options, our customers in MD are provided choices in structuring their loan based on eligibility. With each choice, flexibility with eligibility requirements are considered.

Jumbo Loan Requirements in Maryland

Jumbo loan borrowers often have a lower debt-to-income ratio, a higher credit score, and a larger down payment. Home Point Financial offers three Jumbo Loan Programs in Maryland:

Jumbo Premiere Program

  1. FICO credit score minimum: 680
  2. Finance up to $2 million
  3. Maryland investment properties are eligible
  4. Max LTV/CLTV is 85%

Jumbo Select Program

  1. Additional eligibility flexibility over Premiere
  2. FICO credit score minimum: 700
  3. Finance up to $2.5 million for your Maryland home
  4. Investment properties are eligible
  5. First-time home buyers are eligible
  6. Max LTV/CLTV is 85%

Jumbo Choice Program

  1. Additional eligibility flexibility over Premiere and Select options
  2. FICO credit score minimum: 661
  3. Finance up to $2.5 million
  4. Investment properties are eligible
  5. Non-warrantable condos are allowed
  6. Non-occupant co-borrowers are allowed
  7. Max LTV/CLTV is 90%

MD Jumbo Loan Terms

Our Maryland Jumbo loan term options include:

  1. 10 Year Jumbo Loans
  2. 15 Year Jumbo Loans
  3. 20 Year Jumbo Loans
  4. 25 Year Jumbo Loans
  5. 30 Year Jumbo Loans
  6. Jumbo ARM Terms: 5, 7 and 10-year ARM options are also available in Maryland

Apply For Your Maryland Jumbo Loan

Home Point Financial is a licensed Maryland lender offering robust Jumbo loan choices for home buyers. Contact us to learn more about these options!