Jumbo Loan

If you need a mortgage and the loan amount exceeds the conforming loan limit, then a jumbo loan could be right for you.

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Jumbo-loan

Key Features

Best option for loan exceeding the conforming limit

Can get with as little as 10% down

Choose from a variety of loan programs



Jumbo loan options for higher-priced homes.

When the loan amount you need is greater than the current conforming limit set by Fannie Mae (FNMA) and Freddie Mac (FHLMC), then you need what is called a jumbo loan. Jumbo home loans, like conventional loans, can be a fixed-rate mortgage, VA jumbo loans, adjustable-rate mortgage or FHA loan. At NASB, we understand your needs and can assist you with securing a jumbo loan at a great rate. Our team of top mortgage professionals are committed to making sure your experience is positive and rewarding, and our 82 Net Promoter Score* can back up that commitment.




Jumbo Loan Guidelines and Requirements

To qualify for a jumbo loan, there are certain requirements and guidelines to consider:

  • Loan amounts up to $1,250,000 with higher limits considered upon qualification
  • 20% down payment, or 10% with mortgage insurance
  • A maximum debt-to-income ratio of 50%
  • Six months of principal, interest, taxes, and insurance in reserves
  • Two-year seasoning required on bankruptcy, four years on short sale or foreclosure
  • Full appraisal required 
  • Requirements for all NASB non-QM loans
  • For purchase or refinance non-qm loans
  • Competitive rates
  • A variety of mortgage payment calculations
  • Learn which loan is better for you
  • Help to make term and loan type decisions
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Can’t Find What You Need?

NASB offers additional non-QM loan products that may better suit your unique situation. Speak with one of our knowledgeable loan officers to discuss your unique circumstances and explore the mortgage solutions that best suit your needs.


Loan Type1Who is it For?Minimum Credit ScoreMinimum Loan AmountMinimum Down Payment

Bank Statement Loan

Uses bank statements (not tax docs) to verify income.

Self‑employed borrowers, business owners, or independent contractors700$175,00010% with mortgage insurance*

1099 Loan

Uses 1099 income instead of traditional income docs.

Independent contractors, freelancers, and gig workers700$175,00020%*

DSCR Loan

Qualifies based on rental property cash flow instead of income.

Real estate investors700$175,00020%

Asset Depletion Loan

Uses assets (not income) to qualify for a mortgage.

High-net-worth borrowers or retirees using liquid assets to qualify700$175,00020%*

Credit Event Loan

Looks at complete financial picture to secure a loan after a credit setback.

Individuals looking to secure a loan after a one-time hardship such as bankruptcy or foreclosure620$175,00030%

*10% down payment with no mortgage insurance option available with 740 FICO. Talk to a NASB loan officer for more details.

Nationally competitive products. Individualized service.

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1Additional eligibility criteria for each loan product may exist. Visit nasb.com for more information on each loan product type. Loans are subject to underwriting and eligibility criteria, and other factors. Your loan officer will provide you with more information regarding a specific loan and what may work best for your situation. The 1099 Loan, DSCR Loan, and Credit Event Home Loan products are not available in New York, the Chicago or Baltimore metropolitan areas and not in all locations or for all property types. Contact a NASB Loan Officer for more details on product eligibility, specific areas and/or zip codes excluded.