Jumbo Loan Program, Rates and Requirements

If you're planning to purchase or refinance a high-priced home in Washington, 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 Washington home buyers – Premiere, Select and Choice. Through these options, our customers in WA are provided choices in structuring their loan based on eligibility. 

Jumbo Loan Requirements 

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 Washington.

Jumbo Premiere Program

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

WA Jumbo Loan Terms

Our Washington 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 Washington

Apply For Your Washington Jumbo Loan

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