Financing That Matches the Scale of Your Ambitions

No — jumbo pricing depends on your qualifications, not on the loan being jumbo. With strong credit and a significant down payment or equity position, jumbo rates are often as good as or better than conventional conforming pricing, because lenders compete aggressively for well-qualified, high-balance borrowers. We'll compare both options for you.

Most jumbo lenders require 6–12 months of principal, interest, taxes, and insurance (PITI) in liquid assets post-closing. For larger loans or investment properties, requirements increase. Retirement accounts typically count at 60–70% of their balance.

Yes, in many cases. Some jumbo programs allow 10% down with strong credit (740+), sufficient reserves, and full income documentation. We'll structure the optimal loan-to-value for your profile.

No. Our jumbo loans have no mortgage insurance (PMI) at any down payment — including 10% down on standard jumbo and 0% down for eligible VA and physician borrowers.

"Super jumbo" is an informal term for very large jumbo loans — generally above roughly $2–3 million, though the threshold varies by lender. We structure jumbo and super jumbo financing with no hard cap, up to $20 million and beyond in certain cases, for high-value primary residences, second homes, and investment properties.

A loan becomes jumbo once it exceeds your county's conforming limit. For 2026 that's $832,750 in every Oregon county and up to $1,249,125 in designated high-cost California counties. Above your county's limit, you're in jumbo territory. See our guide to what a jumbo loan is for the full 2026 breakdown.

Yes. Self-employed borrowers can often qualify without two years of clean tax returns — using bank statements, a profit-and-loss statement, 1099s, or assets instead. This is common for business owners whose returns understate their true income.

In many cases, yes. Alternative-documentation jumbo programs let you qualify on bank statements, a P&L, or your assets rather than tax returns and employment verification — ideal for self-employed and high-net-worth borrowers. Our asset depletion program can also convert your savings and investments into qualifying income.

Yes. Our jumbo interest-only option is a 40-year fixed-rate loan with a 10-year interest-only period. For the first 10 years you pay interest only, which lowers your payment and keeps capital liquid. After year 10, the loan automatically converts to a 30-year repayment at the exact same rate — so you get 40 years of fixed-rate security with 10 years of payment flexibility. It's a popular structure for investors, business owners, and borrowers with variable income.

Yes. We work with select lenders to provide jumbo financing for foreign nationals purchasing property in Oregon or California, with documentation and down payment requirements tailored to the program.

No. Autopay isn't required to get our jumbo terms — you can make your payment however you prefer.

No. Many banks reserve their best jumbo pricing for clients who move deposits or investment assets to them. We don't require that — you can continue working with your existing bank and still qualify for great jumbo terms.

Lumen Mortgage's average clear-to-close is 17 days, compared to 30–45 days at most national lenders. The biggest variable is documentation — the faster income, asset, and property documents come in, the faster the file moves. We tell you exactly what's needed on day one.

If your loan amount fits under your county's high-balance limit (up to $1,249,125 in high-cost California counties for 2026), compare both. With strong credit (740+) and 20% or more down, jumbo often prices as well as or better than high-balance conforming — with no PMI. We'll run both side by side.