440 E Broadway 140,

Eugene, OR 97401

Luxury within reach: Achieve more with jumbo loans from Mann Mortgage!

When your Dream Home costs more than the government programs allow, WE have dozens of ways to make it more affordable.

What are jumbo home loans?

Jumbo loans, also called jumbo mortgages, are a type of home financing for loan amounts that are higher than the limits that the Federal Housing Finance Agency (FHFA) allows Fannie Mae or Freddie Mac to purchase or guarantee for the state or county the home was purchased in. Essentially, jumbo loans are used to finance properties that are too expensive for conforming loans.
Man and woman getting keys to new home.

Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.

Jumbo loans at a glance.

  • Loan amounts exceed government lending program limits
  • 5% minimum down payment
  • Good credit preferred, but not required
  • Construction loans available
  • Available for rural properties, hobby farms, large acreage, barndominiums
  • Use your bank statements in place of tax returns for qualification
  • Options for non-standard condos, resort condos, and condotels
  • Loans available for dream homes and investment properties
  • No personal income documentation needed to finance an investment property (qualification based on projected property cash flow and assets)

Applying for a home has

never been easier

Our quick and secure process takes less than 10 minutes to apply.

Learn more about

jumbo loans

A jumbo loan is needed for a mortgage that exceeds the conforming loan limit set by the FHFA. For most of the United States, the loan limits for one-unit properties in 2023 is $726,200. For areas where the local median home value exceeds the loan limit (Alaska, Hawaii, Guam, and the U.S. Virgin Islands), the maximum loan limit may be up to $1,089,300. If you need to borrow more than that for a home purchase, a jumbo loan is one way to do it.

Since jumbo loans won’t be guaranteed by Fannie Mae or Freddie Mac, they’re generally considered riskier. Lenders will probably have stricter qualifying requirements for them. Each lender can decide what their requirements are but be prepared to need a better credit score (likely into the 700’s), lower debt-to-income ratio, and a higher down payment (usually at least 15%) to qualify.

The main difference is the amount of the loan. Both are available in either variable or set interest rates. Jumbo loans may have slightly higher interest rates, but depending on your lender, they may be very competitive to rates offered on conforming loans. And since the loans are larger and there may be extra qualifications to get a jumbo loan, there may be additional fees when the loan closes.

Jumbo loans are best used by individuals with high income, a great credit score, a good down payment who are looking to purchase an expensive primary, vacation, or investment home.

“Our loan officer was awesome! She worked hard to make sure everything went smoothly. The staff at Mann Mortgage worked above and beyond the call of duty. They were very helpful, informative, knowledgeable and caring. There are no words that would describe how truly grateful and appreciative we are. Thank you for all your hard work and for making this dream a reality for us and our grandkids.”

David H.

Let's get you home.

Higher loan amounts with lower requirements for qualified borrowers. Our local loan experts will help guide you.

If you have a loan officer you are working with, please select them from the list below.