Jumbo Loan Program, Rates and Requirements

If you're planning to purchase or refinance a high-priced home in Nevada, 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 Nevada home buyers – Premiere, Select and Choice. Through these options, our customers in NV are provided choices in structuring their loan based on eligibility. With each choice, flexibility with eligibility requirements are considered.

Jumbo Loan Requirements in Nevada

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 Nevada.

Jumbo Premiere Program

  1. FICO credit score minimum: 680
  2. Finance up to $2 million
  3. Nevada 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 Nevada 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%

NV Jumbo Loan Terms

Our Nevada 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 Nevada

Apply For Your Nevada Jumbo Loan

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