Imagine Sarah, a successful entrepreneur in Houston, who finally found her dream home—a gorgeous $950,000 property in a great neighborhood. She was excited until her bank said the price was above the conforming loan limit. Confused and unsure, Sarah had no idea she needed something called a jumbo loan.
If you’re like Sarah, wondering how to finance a high-value home in Texas, understanding what a jumbo loan is could be the key to moving forward with confidence.
🔍 What Is a Jumbo Loan?
A jumbo loan is a type of mortgage that exceeds the conforming loan limit set by the Federal Housing Finance Agency (FHFA). In Texas, that limit is currently $726,200 for a single-family home. So, if you want to finance a property above that amount, a jumbo loan is your solution.
These loans are not backed by Fannie Mae or Freddie Mac, which means lenders take on more risk—and usually have stricter qualification criteria. But don’t worry—with the right guidance, it’s totally doable.
✅ When Do You Need a Jumbo Loan?
You’ll need a jumbo mortgage if:
- The home you want exceeds $726,200
- You’re buying in a high-cost area or upscale neighborhood
- You don’t want to split the loan into a first and second mortgage
💡 Why Jumbo Loans Make Sense for High-Income Buyers
Jumbo loans are built for borrowers who have solid financials and want to invest in high-value homes. If you have strong income, good credit, and long-term plans to stay in your home, a jumbo loan could help you purchase without compromise.
📋 What Are the Basic Requirements?
While every lender is different, most jumbo loans require:
- Credit score of 700 or higher
- Low debt-to-income ratio (typically under 43%)
- Cash reserves to cover at least 6–12 months of payments
- Appraisal that confirms the value of the property
At Green Arrow Mortgage, we’ll walk you through each step and connect you with jumbo loan options that fit your financial goals.
🏡 Sarah’s Outcome: From Confusion to Keys
Back to Sarah. She contacted Green Arrow Mortgage and got pre-qualified in minutes. Our expert team explained her jumbo loan options, guided her through the application, and helped her secure the funding she needed. A few weeks later, she was holding the keys to her dream home—without sacrificing a thing.
🚀 Ready to Explore Jumbo Loan Options?
If your dream home is just beyond the conforming limit, don’t let that stop you. Our team at Green Arrow Mortgage specializes in guiding buyers through the jumbo loan process with ease and clarity.
📞 Call or text us now at +1 832-821-4441
💬 Chat instantly via WhatsApp on greenarrowmortgage.com
📲 DM us on Instagram: @green.arrowmortgage
🔑 Secure Your Dream Home Without Limits
Let us help you break the barriers. Discover your jumbo loan options and start the process today—with confidence.
