High-balance, custom-fit financing for luxury properties, complex income profiles, and unique real-estate strategies.
Snapshot for 2025
| Jumbo | Portfolio / Non-QM | |
|---|---|---|
| Loan Size | > $766,550 (standard counties) / > $1,149,825 (high-cost) | Up to $5 million+ (case-by-case) |
| Typical Terms | 15–30 yr fixed, 5/6/7/10-yr ARM | Interest-only, 40-yr IO, asset-depletion, DSCR, foreign-national |
| Down Payment | 10 %–20 % (as low as 5 % with strong reserves) | 10 %–30 %—varies by program & credit |
| Amortization | Fully amortizing or IO with balloon | Fully amortizing, IO, or hybrid |
| Occupancy | Primary, second home, investment | Primary, second home, investment, short-term rental |
Conforming-limit reference: $766,550 baseline; $1,149,825 in high-cost areas.
Why Consider a Jumbo or Portfolio Loan?
- Purchase High-Value Property – Finance luxury or high-cost-area homes without multiple mortgages.
- Tailored Underwriting – Alternative documentation (bank statements, asset depletion, CPA letters) for self-employed and high-net-worth borrowers.
- Interest-Only Flexibility – Manage cash flow early in ownership or during renovation phases.
- Expanded Property Types – Condotels, non-warrantable condos, mixed-use, or properties with acreage.
- Investment & Cash-Flow Focus – Debt-Service-Coverage-Ratio (DSCR) programs qualify on rental income, not borrower DTI.
- Asset Diversification – Cross-collateralization and blanket loans for multi-property portfolios.
Core Programs from American Mortgage Network
| Program | Ideal Borrower | Highlights |
|---|---|---|
| Jumbo Prime | High-credit, W-2 or simple K-1 | Up to 95 % LTV, no MI, 43 % DTI, 12-mo reserves |
| Jumbo Expanded | Complex tax returns, RSU income | 90 % LTV, 50 % DTI, asset-depletion allowed |
| Asset-Qualifier | Retirees, high-liquidity clients | Qualify on verified liquid assets 1.25Ă— loan balance |
| Bank-Statement | Self-employed ≥12 mos | Use 12–24 mo deposits; ignore write-offs |
| DSCR Investor | Short- or long-term rental buyers | Qualify on property cash flow ≥1.0 × PITIA; 80 % LTV |
| Foreign National | Non-US residents | 30 % down, passport + credit alt-docs, no U.S. income needed |
| Cross-Collateral Blanket | Portfolio investors (3–10 props) | One loan, one payment; release clauses for asset sales |
All programs offer fixed and ARM structures, interest-only options, and flexible pre-payment penalties on investment loans.
Eligibility Essentials
- Credit Scores: 680 + typical (700 + for prime pricing); portfolio exceptions down to 620 on DSCR.
- Reserves: 6–24 months PITIA; higher for second homes/investments.
- DTI: Up to 50 % (prime); bank-statement programs evaluate expense factor instead.
- Appraisal: Two appraisals required ≥ $2 million or unique property types.
- Assets: Source of funds and large deposits documented; crypto acceptable once seasoned in depository account 30 days+.
Process with American Mortgage Network
- Strategy Call – Clarify goals (rate vs. cash-flow, quick close vs. complex vesting).
- Documentation Game-Plan – We build a custom checklist (statements, CPA letters, leases).
- Pre-Underwrite & Rate Lock – Access real-time secondary-market pricing, lock or float-down.
- Valuation & Risk Review – Luxury-experienced appraisers and in-house collateral desk.
- Closing Coordination – Remote attorneys/notaries, wire-verification, and vesting (trust, LLC, or personal).
- Post-Close Concierge – Portfolio loan servicing portal, rate-watch alerts, and refinance trigger monitoring.
Typical jumbo close: 21 days. Complex portfolio loans: 30–40 days depending on collateral reviews.
Frequently Asked Questions
Can I put only 10 % down on a $2 million home?
Yes—our Jumbo Prime allows 90 % LTV up to $2 million with strong credit and reserves, and no monthly mortgage insurance.
Will a recent liquidity event count as income?
Possibly—asset-depletion or Restricted-Stock-Unit vesting can supplement traditional income, subject to seasoning and documentation.
Are interest-only payments risky?
IO loans lower initial payments but do not reduce principal until the amortization period begins. We’ll analyze breakeven timelines and exit strategies before recommending.
Can I close in an LLC?
Primary and second homes must vest in individual or revocable trust at funding; investment properties can close in LLC with personal guaranty.
Is there a prepayment penalty?
Owner-occupied loans: none. Investment DSCR and select foreign-national programs may include a 1–3 yr declining penalty—often offset by lower rate.
Tools & Resources
- High-Balance Calculator – Compare jumbo vs. piggyback second mortgages.
- Bank-Statement Qualifier – Upload PDFs; AI calculates usable income in seconds.
- DSCR Analyzer – Enter rent, taxes, and HOA to test property cash flow.
- Luxury Market Insights Blog – Monthly commentary on high-end housing trends and jumbo pricing spreads.
- Comprehensive Mortgage Glossary – Definitions from “Asset-Depletion” to “Yield-Spread-Adjustment.”