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 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 jumbo mortgage.
The conventional conforming loan limit for 2023 is currently set at $ 726,200, 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 $ 726,200. 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.
As a Jumbo Loan Lender, we can help you purchase a high-value property, luxury home, or refinance your current jumbo mortgage. 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. As an experienced Jumbo Loan Lender, we provide the best possible experience for our clients. As a 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 jumbo 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. Jay is extremely knowledgeable and helpful, and was able to advise me on the options for my recent purchase. Great guy to have on your side, and great rates!
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.
The Hurst Lending Difference
Low downpayment options available.
With a quick closing and no red tape.
We offer some of the best rates available.
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?
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?
What’s the difference between a jumbo loan and conventional loan?
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?
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 trying to buy before you sell; Losing your dream home in a bidding war; Trying to get a No-Seasoning Cash-out loan; Being unable to obtain a mortgage because your new or old house needs modest repairs; or simply because you prefer using our funds to close quickly without having to liquidate other investments? Our Industry-leading suite of 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.