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Jumbo Loans
Portfolio Lender Access, Competitive Rates, and Complete Discretion
We shop portfolio lenders who specialize in complex income, high-value property, and executive borrowers.
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INTRODUCTION
What is a jumbo loan and when do I need one?
A jumbo loan is a mortgage above the Fannie Mae and Freddie Mac conforming loan limits — $806,500 for a single-family home in most US counties, and $1,209,750 in designated high-cost areas. Jumbo loans are held by portfolio lenders on their own balance sheet rather than sold to the agencies. Requirements are stricter than conforming loans: minimum 700 to 720 credit score, 10 to 20% down payment, and 12 to 24 months reserves.
The biggest myth in homeownership is that you need 20% down. The second biggest myth is that a lower credit score disqualifies you. The FHA loan was specifically created to prove both wrong.
The Federal Housing Administration has insured home loans since 1934. In 2023 alone, FHA insured over 765,000 purchase loans. Most went to first-time buyers who could not qualify for conventional financing. The program exists precisely for you.
4 Jumbo Programs Available Through Access Financial
Standard Full-Documentation Jumbo
W2s, tax returns, and bank statements verify income. Fixed and ARM options. Loan amounts from $806,501 to $2.5M on most programs. A jumbo 10/1 ARM holds the rate fixed for 10 years and can save $25,000 to $40,000 vs a 30-year fixed for buyers who plan to sell within the ARM period.
Bank Statement Jumbo
Self-employed borrowers who cannot document income through tax returns qualify using 12 or 24 months of business or personal deposits. Available up to $3M on select programs. Rates run 0.25 to 0.5% above full-doc jumbo.
Asset Depletion Jumbo
Liquid assets in brokerage accounts and IRAs are divided by the loan term to create a monthly income equivalency. $3M in assets on a 30-year loan creates $8,333 per month qualifying income. No employment required.
Super Jumbo — $2M and Above
Held exclusively by portfolio lenders and private banks. Income structure, asset composition, property type, and relationship banking all factor into approval. Access Financial has direct relationships with super jumbo lenders active in NOVA, Bethesda, LA, San Francisco, and South Florida.
THE JUMBO MARKET IN 2026
Why Jumbo Borrowers Need a Broker More Than Any Other Segment
Jumbo loans have no agency guidelines — each portfolio lender sets its own rates, reserve requirements, income documentation standards, and LTV thresholds. The rate variation between jumbo lenders on the same borrower profile is typically 0.25 to 0.75%. On a $1.5M jumbo loan over 30 years, a 0.5% rate difference costs $135,000 in total interest. The Credit Suisse Global Wealth Report 2023 counts 8.8 million high-net-worth households in the United States — the primary jumbo buyer market — many of whom accept the first jumbo rate offered without shopping because they assume all rates are comparable. They are not.
| Jumbo Mortgage Statistic | Value |
|---|---|
| $400B+ | U.S. jumbo mortgage purchase volume in 2023 |
| 0.5% | Typical interest rate variation between jumbo lenders for the same borrower profile |
| $135,000 | Estimated additional 30-year cost of paying a rate that is 0.5% above market on a $1.5M jumbo loan |
THE 3 QUESTIONS JUMBO BUYERS ASK MOST
Most jumbo lenders require a minimum 700 to 720 credit score. The best rates go to borrowers above 740. Unlike conforming loans that use Fannie Mae’s standardized rate adjustments, jumbo lenders price credit score directly into their risk model. The rate difference between a 720 and a 760 score on a $1.5M jumbo loan can be 0.25 to 0.375% — a meaningful number on a large balance.
Jumbo lenders typically require 12 to 24 months of mortgage payments in liquid reserves — held separately from the down payment. On a $1.5M loan with an $8,000 monthly payment, 12 months of reserves is $96,000 in accessible liquid assets on top of the down payment. Retirement accounts count at 60 to 70% of value. Primary residence equity does not count. Access Financial calculates your full reserve position upfront before you go under contract.
Yes. Access Financial is bound by the Gramm-Leach-Bliley Act which strictly limits how financial institutions share consumer financial information. Your application data is shared only with lenders actively underwriting your file. Senior loan officer assigned to every jumbo file. No call centers. No open offices. Complete discretion throughout.
Your Purchase Exceeds the Conforming Limit. Your Lender Should Exceed Ordinary Service.
Access Financial shops jumbo files across 100+ portfolio lenders, presents the best available rate with complete discretion, and issues pre-approval in 24 hours. Whether you need full-doc, bank statement, asset depletion, or super jumbo — we have the lender relationships.
Frequently Asked Questions
Yes. Bank statement jumbo programs qualify self-employed borrowers using 12 or 24 months of deposits — no tax returns required.
Self-employed executives, consultants, and business owners whose tax returns show lower income than their actual deposits qualify for bank statement jumbo programs. Available up to $3M on select programs. Asset depletion is also available as a supplement or primary qualification method for high-net-worth self-employed borrowers with significant investment accounts.
Yes — typically 0.25 to 0.75% above conforming rates for the same borrower. The gap has narrowed significantly in recent years as portfolio lenders compete. The rate premium exists because portfolio lenders hold 100% of the jumbo default risk on their own balance sheets rather than selling to Fannie Mae or Freddie Mac. Shopping multiple lenders — which Access Financial does across its full portfolio panel — can reduce the premium substantially. On a $1.5M loan, finding the best available rate rather than accepting the first one can save $150,000 or more over 30 years. a Conventional 97 loan?