Jumbo loans — for homes above conforming limits.
Finance luxury properties, mountain homes, and coastal real estate in Colorado and Florida. Competitive rates on jumbo and super jumbo mortgages up to $5 million.
Program guidelines at a glance
Rough guidelines only — actual qualification depends on the full loan file (credit depth, reserves, property type, occupancy, and investor overlays). We'll confirm your exact numbers in writing.
| Guideline | Primary Residence Loan amount above conforming limit | Second Home Vail, Aspen, Telluride, Steamboat | Investment Non-owner-occupied jumbo |
|---|---|---|---|
| Min FICO | 680 (most programs) | 700 typical · 720+ preferred | 720+ typical |
| Min down payment | 10%+ (primary residence) | 10%+ (second home) | 15%+ (investment) |
| Max DTI | 43%–45% standard Up to 50% on select portfolio jumbo products with 12+ months reserves and strong compensating factors | 43% standard Up to 50% on select portfolio jumbo products with 12+ months reserves | 40%–43% standard Up to 50% on select portfolio products with 12+ months reserves |
| Reserves | 6–12 months PITI | 9–12 months PITI | 12 months PITI |
| Max loan amount | Up to $5M | Up to $5M | Up to $5M |
| Occupancy | Primary 1-4 units | Second home (not full-time rental) | Investment / non-owner |
| Mortgage insurance | Often no PMI even <20% down (lender-paid pricing) | Typically no PMI | None |
| Cash-out refi | Up to 75%–80% LTV (loan amount dependent) | Up to 70%–75% LTV | Up to 65%–70% LTV |
| Doc type | Full doc · bank statement & asset-depletion jumbo also available | Full doc or bank statement jumbo | Full doc · or DSCR (rental income only) |
Primary Residence
Loan amount above conforming limit
- Min FICO
- 680 (most programs)
- Min down payment
- 10%+ (primary residence)
- Max DTI
- 43%–45% standardUp to 50% on select portfolio jumbo products with 12+ months reserves and strong compensating factors
- Reserves
- 6–12 months PITI
- Max loan amount
- Up to $5M
- Occupancy
- Primary 1-4 units
- Mortgage insurance
- Often no PMI even <20% down (lender-paid pricing)
- Cash-out refi
- Up to 75%–80% LTV (loan amount dependent)
- Doc type
- Full doc · bank statement & asset-depletion jumbo also available
Second Home
Vail, Aspen, Telluride, Steamboat
- Min FICO
- 700 typical · 720+ preferred
- Min down payment
- 10%+ (second home)
- Max DTI
- 43% standardUp to 50% on select portfolio jumbo products with 12+ months reserves
- Reserves
- 9–12 months PITI
- Max loan amount
- Up to $5M
- Occupancy
- Second home (not full-time rental)
- Mortgage insurance
- Typically no PMI
- Cash-out refi
- Up to 70%–75% LTV
- Doc type
- Full doc or bank statement jumbo
Investment
Non-owner-occupied jumbo
- Min FICO
- 720+ typical
- Min down payment
- 15%+ (investment)
- Max DTI
- 40%–43% standardUp to 50% on select portfolio products with 12+ months reserves
- Reserves
- 12 months PITI
- Max loan amount
- Up to $5M
- Occupancy
- Investment / non-owner
- Mortgage insurance
- None
- Cash-out refi
- Up to 65%–70% LTV
- Doc type
- Full doc · or DSCR (rental income only)
Loan amounts up to $5M
Portfolio and super jumbo programs for high-net-worth buyers purchasing luxury homes, second homes, and investment properties.
Asset-based options
Asset depletion and bank statement programs for self-employed buyers, business owners, and investors with significant assets.
Ski town & coastal expertise
We specialize in financing for Aspen, Vail, Telluride, Naples, Destin, and Miami — markets where most deals are jumbo.
How jumbo loans work
Jumbo loans are not backed by Fannie Mae or Freddie Mac, which means each lender sets its own guidelines. This creates both complexity and opportunity — the right lender match can mean better terms, faster closing, or approval for a file that doesn't fit the standard box.
Down payment: 10–20% typical for primary residences. Second homes may require 15–20%, and investment properties 20–25%.
Reserves: Most jumbo lenders require 6–12 months of reserves (principal, interest, taxes, and insurance) in liquid assets after closing.
Documentation: Full income documentation is standard, but bank statement and asset-depletion programs exist for qualified self-employed borrowers.
Debt-to-income: Typically capped at 43%, though some portfolio lenders allow up to 50% with compensating factors.
Who jumbo loans are best for
- Buyers purchasing above the conforming loan limit
- Luxury home and second-home buyers in ski towns
- Coastal property buyers in Naples, Destin, and Miami
- Self-employed borrowers with strong assets
- Investors purchasing high-value rental properties
- Buyers who want fixed-rate or ARM terms above $1M
Jumbo loans by city
These Colorado and Florida markets are jumbo-heavy — most transactions exceed conforming limits.
Jumbo loans in Telluride
Median: $2.4M
View guideJumbo loans in Ridgway
Median: $785K
View guideJumbo loans in Ouray
Median: $695K
View guideJumbo loans in Durango
Median: $725K
View guideJumbo loans in Denver
Median: $575K
View guideJumbo loans in Boulder
Median: $895K
View guideJumbo loans in Aspen
Median: $3.2M
View guideJumbo loans in Vail
Median: $2.1M
View guideJumbo loans in Steamboat Springs
Median: $1.15M
View guideJumbo loans in Crested Butte
Median: $1.45M
View guideJumbo loans in Pagosa Springs
Median: $575K
View guideJumbo loans in Glenwood Springs
Median: $745K
View guideJumbo loans in Carbondale
Median: $1.05M
View guideJumbo loans in Buena Vista
Median: $555K
View guideJumbo loans in Estes Park
Median: $695K
View guideJumbo loans in Breckenridge
Median: $1.3M
View guideJumbo loans in Frisco
Median: $875K
View guideJumbo loans in Avon & Edwards
Median: $895K
View guideJumbo loans in Castle Rock
Median: $615K
View guideJumbo loans in Highlands Ranch
Median: $635K
View guideJumbo loans in Broomfield
Median: $565K
View guideJumbo loans in Naples
Median: $795K
View guideJumbo loans in Sarasota
Median: $525K
View guideJumbo loans in Cape Coral
Median: $385K
View guideJumbo loans in Miami
Median: $625K
View guideJumbo loans in Destin
Median: $685K
View guideJumbo guidelines by state
We're licensed in Colorado and Florida. Guidelines, limits, and insurance requirements differ — start with your state.
Jumbo loans in Colorado
Colorado-specific Jumbo guidelines — county loan limits, CHFA pairing, mountain and Front Range property considerations.
Read the state guideJumbo loans in Florida
Florida-specific Jumbo guidelines — condo and HOA review, wind/flood insurance escrows, and coastal county limits.
Read the state guideJumbo loan FAQs
What is a jumbo loan?
A jumbo loan is a mortgage that exceeds the conforming loan limit set by the Federal Housing Finance Agency (FHFA). In most Colorado and Florida counties, the 2026 conforming limit is $832,750 for a single-family home. Any loan above that amount is considered a jumbo.
What are the down payment requirements for a jumbo loan?
Most jumbo loans require a minimum down payment of 10–20%, though some lenders offer 5% down jumbo options for highly qualified borrowers. Second homes and investment properties typically require 15–25% down.
What credit score do I need?
Jumbo loans generally require a minimum credit score of 700, with the best rates reserved for scores of 740+. Some programs go as low as 680 with larger down payments or compensating factors.
Are jumbo loan rates higher than conventional?
Jumbo rates are often competitive with or even slightly lower than conforming rates for well-qualified borrowers, though they can vary more based on market conditions and lender appetite.
What is a super jumbo loan?
Super jumbo typically refers to loan amounts above $1.5–$3 million, depending on the lender. These loans often require larger reserves, lower debt-to-income ratios, and more documentation.
Can I use a jumbo loan for an investment property?
Yes — jumbo loans are available for primary residences, second homes, and investment properties. Investment property jumbos typically require larger down payments and stronger financial profiles.
What documentation is required?
Jumbo loans require full documentation: tax returns, W-2s, bank statements, investment account statements, and sometimes a CPA letter or business financials for self-employed borrowers. Reserves of 6–12 months are commonly required.
What is the jumbo loan threshold in Vail / Eagle County, Colorado in 2026?
In Eagle County (Vail, Avon, Edwards), the 2026 conforming limit is $1,249,125 — the highest in Colorado. Any loan above this amount is considered jumbo. Given Vail's median home value of ~$2.1 million, most purchases require jumbo financing. We work with 30+ jumbo shelves to find the best rate for Eagle County buyers.
What is the jumbo loan threshold in Aspen / Pitkin County, Colorado in 2026?
Pitkin County (Aspen, Snowmass Village) has a 2026 conforming limit of $1,209,750. Loans above this are jumbo. With Aspen median prices at ~$3.2 million, the vast majority of transactions here are jumbo — most in the super-jumbo range ($3M+). We specialize in Aspen/Snowmass financing with jumbo programs up to $5M.
What is the jumbo threshold in Naples, Florida in 2026?
In Collier County (Naples, Marco Island), the 2026 conforming limit is $832,750. Loans above this are jumbo. Naples median prices are around $795,000, putting many transactions just above or at the jumbo threshold. Buyers in Port Royal, Park Shore, and Pelican Bay typically need jumbo or super-jumbo financing.
Can I get a jumbo loan with 10% down in Colorado?
Yes — many jumbo programs allow 10% down for primary residences with 700+ FICO and strong reserves (6–12 months PITI). Some portfolio lenders allow 5% down for loan amounts just above the conforming limit. Second homes typically require 15–20% down; investment properties require 20–25%.
Do jumbo loans have higher rates than conventional?
In 2026, jumbo rates are often competitive with or even slightly lower than conforming rates for well-qualified borrowers (740+ FICO, 20%+ down, 12 months reserves). Rates diverge primarily on loan amounts above $2M, properties with unusual features, or borrowers with higher DTI or lower reserves.
What is a super jumbo loan and when do I need one?
Super jumbo typically refers to loan amounts of $1.5M–$3M and above, depending on the lender. In markets like Aspen, Telluride, Vail, and Naples, super jumbo is the norm rather than the exception. Lenders require stronger reserves (often 12–24 months PITI), lower DTI, and more thorough documentation of assets. We work with portfolio lenders who do super jumbo as a specialty.
Get a jumbo loan quote
Portfolio lenders, competitive rates, and local expertise for Colorado and Florida luxury markets. No obligation.
Related loan programs
Not sure this is the right fit? Explore other programs we originate.
Jumbo limits & comparisons
Jumbo vs Conventional
Limits, rate spreads, PMI, and reserves compared.
Read moreDenver County loan limits
$862,500 high-balance conforming; jumbo above.
Read moreBoulder County loan limits
$879,750 high-cost area limit.
Read moreSummit County loan limits
$1,092,500 mountain high-cost limit.
Read moreEagle County loan limits
Vail Valley conforming and jumbo thresholds.
Read morePitkin County loan limits
Aspen / Snowmass — most loans are jumbo.
Read more