Documentation review is closer
Jumbo files often involve a more detailed review of income, assets and reserves.
loan programs
Jumbo Loans
A jumbo loan is for those borrowers that are in need of a loan amount that is larger than the typical conforming loan limit.
When standard loan limits don’t meet your financing requirements, turn to Boss Mortgage for Jumbo Loan solutions. Whether you’re purchasing a high-value property or refinancing an existing mortgage, our Jumbo Loan options can accommodate your unique financial requirements.
Program description as published on bossmortgage.com/products (preserved verbatim).What this financing is
Conforming loan limits vary by county and are updated periodically. When the loan amount you need exceeds the limit for your county, the financing moves into jumbo territory.
Jumbo guidelines differ between investors, which is why two lenders can look at the same file very differently. Working with a team that shops several investors matters here.
Who it may be a fit for
Buyers of higher-value homes
Homeowners refinancing a larger balance
Borrowers with complex income or asset profiles
Buyers in higher-cost markets
Borrowers considering a second home purchase
Not sure if Jumbo Loans fits your situation?
A licensed Boss Mortgage loan originator can look at the details with you and explain what applies to you.
What to think about
Appraisal requirements can differ
Some investors have additional appraisal requirements on jumbo transactions. Build that into your timeline.
Guidelines vary by investor
Because jumbo guidelines are investor-specific, comparing options is worth the time.
Start early
The earlier the conversation starts, the more room there is to structure the file well.
How the process works
1. Get approved
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Connect with a BOSS Mortgage loan originator, review your financing options, and provide the information needed to understand your buying power before you start shopping.
Shop with a clear budget in mind. When you find the right property, your loan originator can help you understand the financing details that apply to that home and your offer.
Once you are under contract, the BOSS Mortgage team helps keep the loan moving through documentation, underwriting, and closing so you can get the keys and move forward.
Frequently asked questions
What makes a loan a jumbo loan?
A jumbo loan is financing above the standard conforming loan limits that apply in a given county. Because it sits outside those limits, guidelines are set by the individual investor.
Boss Mortgage offers jumbo options for higher-value purchases and refinances.
Is documentation different on a jumbo loan?
Jumbo files often involve a closer review of income, assets and reserves, and appraisal requirements can differ.
Starting the conversation early helps because documentation expectations vary between investors.
How is self-employed income documented?
Self-employed files often involve tax returns and business documentation, and calculating usable qualifying income takes experience. Boss Mortgage also offers bank statement options for borrowers whose returns do not reflect the full picture.
Bring your documents to a loan originator rather than guessing at the numbers yourself.
What if I recently became self-employed?
The existing Boss Mortgage Self-Employment Income program description states: “We have options for those of you newly self-employed too! You don’t have to be in business for 2 years anymore, believe it or not!”
Talk with a licensed loan originator about which options currently apply to your situation.
Can assets be used instead of income?
Some programs consider a borrower's assets as part of qualifying rather than relying only on monthly income documentation. Availability and structure vary by investor.
Ask a loan originator whether an asset-based approach fits your file.
What types of loans do you offer?
We offer a wide range of loan options, including Conventional, FHA, VA, USDA, Jumbo, and New Construction loans. Our team will help you choose the one that fits your needs and financial goals.
View Loan ProgramsOther programs
Conventional Loans
Learn how conventional mortgage financing works, who it may suit and how to talk it through with a licensed Boss Mortgage loan originator.
Learn more →
Asset Utilization
Asset utilization mortgage options, where qualifying considers a borrower's assets, explained by Boss Mortgage.
Learn more →
Bank Statement Loans
Bank statement mortgage options for self-employed borrowers and others whose tax returns do not show the full financial picture.
Learn more →
Refinance / HELOC
Refinancing and home equity line of credit options from Boss Mortgage, and how to decide which one fits your goal.
Learn more →Ready to get started?
Every situation is different. We’ll help you understand your options and what may fit your goals.
This page is general information about mortgage financing and is not a commitment to lend, an offer of credit, or financial or legal advice. Program availability, guidelines and requirements are set by lenders and investors, can change, and depend on your individual circumstances and the property. Talk with a licensed Boss Mortgage loan originator about what applies to you.
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