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Jumbo Loans

Low rates with low downpayment options.

Low Rate Jumbo Loans

Jumbo & non-conforming loans to purchase or refinance.

Hurst Lending’s Jumbo Loan Solution

Jumbo "Split" Mortgages

The first lien is limited to the conventional loan limits, with a second lien covering any difference.

Low Downpayment Options

Get a jumbo loan for as little as a 5% downpayment.

Cash Out Jumbo Loan

Refinance your existing property and get cash out.

What is a Jumbo Loan?

Jumbo Mortgages

Jumbo loans are a type of mortgage designed for borrowers who require financing that exceeds the conventional loan limit set by the United States government housing authorities. These loans are for those who are looking for financing for high-value properties, luxury homes, or for refinancing their current mortgage.

The conventional conforming loan limit for 2023 is currently set at $715,000, but in high-cost areas, it can be even higher. This means that if you are looking to purchase a home or refinance your mortgage in a high-cost area, you may require a loan amount that exceeds the conventional limit, making a jumbo loan necessary.

A jumbo loan is defined as any mortgage loan with a loan value greater than $715,000. This type of loan is typically available through private banks and lenders, and is meant to serve the financing needs of those who require larger loan amounts.

In conclusion, if you are looking to purchase a high-value property, luxury home, or refinance your current mortgage, a jumbo loan may be the right financing solution for you. Don’t miss out on the opportunity to secure the financing you need for your dream home with a jumbo loan from Hurst Lending.

We Can Help

The process of obtaining a jumbo loan can seem daunting, but it doesn’t have to be. At Hurst Lending, our Jumbo Loans division is dedicated to providing the best possible experience for our clients. As the premier provider of jumbo loans, we have extensive experience and knowledge in this area.

Whether you’re looking to purchase a new home or refinance an existing mortgage, we have you covered. Our focus is solely on providing the highest quality services for jumbo mortgages and non-conforming mortgages. We understand the specific needs and requirements of these types of loans and are dedicated to making the process as smooth and straightforward as possible.

We take pride in our ability to provide customized solutions to meet the unique needs of each and every client. Our team of experts is dedicated to providing the best possible service, from the initial consultation to the final closing. With Hurst Lending’s, you can trust that your jumbo loan experience will be both stress-free and successful.

I’ve worked with Jay Hurst on several loans for my homes over the years, for purchases and refinancing - and just completed one that was a long time planning. Jay is extremely knowledgeable and helpful, and was able to help advise me thru a lot of the nuance the options for my recent purchase, and provide a lot of clarity for me.Great guy to have on your side, and great rates!.

Kevin B.

Hurst Lending was very easy to work with and stayed in constant contact with me throughout the loan process so I never had to wonder what the status of the loan was.

Naomi R.

Reviews

Hurst Lending
4.9
Based on 48 reviews
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The Hurst Lending Difference

Funding Choices

Low downpayment options available.

Quick Decisions

With a quick closing and no red tape.

Great Rates

We offer some of the best rates available.

Problem Solving

Creative approaches for unique situations

Competitive Jumbo Rates

Our jumbo loan rates are competitive, and may even be slightly lower.

Frequently Asked Questions

What qualifies a loan as jumbo?

A jumbo loan is a home loan used to finance homes that are too expensive for a conventional loan. The current conventional loan limit is $715,00 as of 2023 in most counties. Homes priced higher than the conventional limit require a jumbo loan. Another solution for a higher priced home might be a split loan. A split loan is a conventional loan originated at the maximum conventional limit couple with a 2nd loan to cover the remaining amount you need to borrow. This is a great way to obtain a lower rate conventional loan and avoid getting a higher rate jumbo loan.

Is it harder to qualify for a jumbo loan?
Jumbo loans are larger than conventional loans and investors keep these loans on their books. Investors who originate and/or purchase jumbo loans underwrite more stringently, including often requiring slightly higher credit scores than conventional loans. That said jumbo loans are not hard to obtain and we have a number of jumbo loan options to help our customers.
Do you have to put 20% down on a jumbo?

No. Many lenders require buyers to put down at least 20%, but at Hurst Lending we allow our borrowers to put down just 5% to obtain a jumbo loan when using a split-loan.

Are interest rates higher on jumbo loans?

It depends on the market cycle. Jumbo loan rates are often a bit higher than conventional loan rates but there are times when a Jumbo loan will be the same or even a bit lower than a conventional loan. We will find you the best option whether that is a jumbo loan or a split jumbo loan (which is a conventional loan at the jumbo loan limit and a 2nd loan to cover the rest of your loan needs). We will structure multiple scenarios to help you determine which option is best for you!

What are the downsides of a jumbo loan?
A jumbo loan can be a little harder to obtain and the rates on a jumbo loan can sometimes be a bit higher than a conventional loan. Jumbo loans typically require a buyer to have slightly higher credit scores and a bit more in reserves. That said, we have very competitive jumbo loan offers and can help nearly anyone qualify that would be able to obtain a conventional loan.
What’s the difference between a jumbo loan and conventional loan?
A jumbo loan is simply a home loan that is larger than the maximum conventional loan limit set by Fannie Mae and Freddie Mac. These loans are also referred to as “nonconforming loans” because they do not “fit” within dollar limits set by Fannie Mae and Freddie Mac.
Can you put 5% down on a jumbo?

Yes. Most lenders require a minimum 20% down payment for a Jumbo Loan. We are different. Hurst Lending provides jumbo mortgages for as little as 5% down when using a split-loan with a conventional loan plus 2nd lien.

What credit score is required to qualify for a Jumbo Loan?
A buyer typically needs to have a slightly higher credit score than what is required for smaller conventional loans. Most lenders require at least a 700 credit score for a Jumbo loan while conventional loans allow slightly lower credit scores.

Jumbo Mortgage Expertise

We help simplify the jumbo loan process.

About Hurst Lending

We have been helping our customers buy, sell, and refinance their homes since 2006. Our personalized approach to the home buying process includes a suite of services that solve common hurdles in the home buying process. Have you ever experienced the frustration of Losing your dream home in a bidding war; Trying to buy before you sell; Had your buyer fallout; or Being on a fixed income and needing your equity to purchase a new home? Our Industry-leading suite of Dominate with a Cash Offer line of credit/short term loans solves these issues. We also offer a suite of real estate investor loan products and a full suite of conventional, VA, FHA, construction and traditional home loans.

Over $1 Billion in Loans Funded

And we're just getting started!

We're Expanding

Offering loans in Alabama, Colorado, Florida, Georgia, Idaho, Iowa, Louisiana, Oklahoma, Oregon, Pennsylvania, Virginia, Texas and Washington.

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