Jumbo Loans
Jumbo loans finance amounts above the conforming limit. They are common for higher-priced homes in Southeast Michigan and across licensed Florida markets.
- Higher loan amounts
- Competitive jumbo pricing
- Multiple term options
Jumbo is a different conversation than a $300,000 conforming loan. Lenders look harder at reserves, credit depth, and the property itself. Velocity prepares that file before it hits underwriting.
We compare jumbo fixed and ARM structures so you are not locked into a 30-year payment if a 7-year ARM or 15-year fixed is a better fit for how long you will keep the house.
Because jumbo overlays change quickly, a broker who shops multiple wholesale desks can matter more here than on a standard conforming purchase.
Who it is for
- Buyers above the conforming loan limit
- Homeowners refinancing a jumbo balance
- Borrowers with strong reserves who want to keep cash invested
Common questions
What counts as a jumbo loan?
Any loan amount above the current conforming limit for the county. Limits change annually. We will confirm the number for your property before pre-approval.
Are jumbo rates always higher?
Not always. Strong credit and reserves can price competitively. We quote jumbo and conforming options when you are near the limit.