JUMBO LOAN PROGRAMS

A Non-Conforming Jumbo loan is a mortgage that exceeds the maximum loan limits set by Fannie Mae and Freddie Mac and therefore cannot be sold to or guaranteed by those agencies.

Because it falls outside conforming guidelines, the loan is classified as non-conforming and is funded through private, portfolio, or institutional investors rather than government-sponsored entities.

These loans are commonly used to finance higher-priced and luxury homes.

A Non-QM Jumbo loan is a high-balance mortgage that falls outside traditional “Qualified Mortgage (QM)” guidelines, yet is still fully underwritten and designed for creditworthy borrowers with complex financial profiles.

“Non-QM” does not mean risky, subprime, or unverified. It simply means the loan uses alternative methods to document income or assets rather than standard W-2 or tax-return-based qualification.

Instead of relying solely on tax returns, Non-QM Jumbo loans may qualify borrowers using:

• Bank statement income (personal or business)
• Asset depletion or asset-based income
• Interest-only payments
• Multiple income sources (bonuses, commissions, RSUs, trusts)

These loans typically allow for greater flexibility while still maintaining strong underwriting standards.

A Conforming High-Balance loan is a mortgage that exceeds the standard conforming loan limit($832,750), but still meets Fannie Mae or Freddie Mac guidelines and is therefore not considered a jumbo loan.

These loans exist specifically in high-cost housing areas where home prices are above the national average.

Because they are still “conforming,” they offer:

• Lower interest rates than jumbo loans (sometimes)
• More standardized underwriting
• Access to conventional loan benefits

A VA High-Balance loan is a VA-backed mortgage that allows eligible Veterans and active-duty service members to purchase or refinance a home above standard conforming loan limits—often with little or no down payment.

Unlike conventional loans, the VA does not set a maximum loan amount. Instead, the term “VA high-balance” is commonly used when:

• The loan amount exceeds the standard conforming limit, and
• The borrower does not have full VA entitlement available

When full entitlement is available, a Veteran can borrow well above conforming limits with zero down, even in high-cost areas.

A DSCR Jumbo loan is a non-conforming jumbo mortgage designed for real estate investors that qualifies the loan based on the property’s cash flow, not the borrower’s personal income.

DSCR stands for Debt Service Coverage Ratio. Instead of reviewing tax returns, W-2s, or employment, the lender evaluates whether the rental income from the property can cover the mortgage payment.

These loans are commonly used for high-value investment properties that exceed conforming loan limits.