Jumbo Loans in California
Your loan went past the conforming limit, and now every lender writes its own rules. Expect a bigger down payment, more cash left in the bank, and a tougher appraisal. We run your numbers past 100+ wholesale lenders and bring back the ones whose rules fit how you earn. One phone call, no application yet.
- ✓ NMLS #1277693
- ✓ Licensed in California
- ✓ Direct broker access
What Is a Jumbo Loan?
You found the house, and the loan it needs is bigger than a normal mortgage allows. That makes it a jumbo loan. The Federal Housing Finance Agency (FHFA) sets that limit every year, county by county. A loan above it can't be sold to Fannie Mae or Freddie Mac, so the bank or private investor funding it writes its own rules. Advanced Funding Solutions is a mortgage brokerage that compares those rules across 100+ wholesale lenders.
Who a Jumbo Loan Is For
If you are buying in a high cost part of California, you may need one for a fairly ordinary house. The limit in high cost counties is higher than the national baseline. Home values in many coastal and luxury areas still run well past it. A jumbo can finance the home you live in, a second home, or an investment property.
How a Jumbo Loan Works
You will feel the difference as soon as a lender looks at your income. With no agency buying the loan, each lender picks its own minimum credit score, down payment, and debt to income ratio (DTI, your monthly debts divided by your monthly income). Those rules usually run stricter than a conventional loan, and they differ a lot from one jumbo lender to the next. That spread is the reason to compare before you apply.
What a Jumbo Lender Will Ask For
You will be asked for more than on a normal mortgage, mostly in three places. First, reserves, meaning cash still in your accounts after closing, counted in months of house payments. Second, your loan to value (LTV, the loan amount as a share of the home's value), which is really your down payment. Third, the appraisal. Most jumbo loans need a full appraisal, and the biggest ones sometimes get a second review.
When Your Tax Return Undersells You
If you are self employed, your tax return may show far less than you really earn. Some jumbo lenders will qualify you on bank statements instead. If you live on savings and investments, an asset depletion loan turns those balances into income you can qualify on.
Buying a rental at jumbo size works a little differently. A DSCR loan (debt service coverage ratio) qualifies the property on its own rent, so your personal income matters less.
Jumbo vs a Conforming Loan
If your loan sits just above the county limit, run both numbers before you decide. A bigger down payment might pull you back under the limit, where the rules are looser. A jumbo lets you keep more cash in the bank instead. The right call comes down to how much cash you have and how much you want left after closing.
When a Jumbo Loan Is the Wrong Answer
If you can comfortably put enough down to stay under the limit, take the conforming loan. The approval is simpler, the reserve bar is lower, and the appraisal gets less scrutiny. A jumbo earns its place when the price truly needs it, or when keeping cash on hand matters more to you. We will tell you plainly if the conforming loan is the better fit.
Jumbo Loans Around Calabasas and Across California
If you are buying near our Calabasas office, or in Malibu or Beverly Hills, a jumbo is the normal loan, not the exception. We also work with buyers across California by phone and secure upload. Tell us the price and how you earn, and we will come back with the lenders that fit.
Most home purchases around our Calabasas office run past the conforming limit. We compare jumbo options across 100+ wholesale lenders, with tax return and alternative income paths for self employed borrowers and people who live on their assets. Each funding lender sets its own requirements.
Main Benefits of a Jumbo Loan
Borrow Past the Conforming Limit
If the home you want needs a bigger loan than your county limit allows, a jumbo covers the gap. How high you can go comes down to your down payment, your reserves, and which lender you use. The very largest loans, sometimes called super jumbo, come with a tighter set of rules.
Fixed or Adjustable Rate
Pick a fixed rate if you plan to stay put for a long time. An adjustable rate stays fixed for a set number of years and then moves with the market, which can suit you if you expect to sell or refinance. Some lenders also offer interest only payments.
More Ways to Prove Income
Tax returns and W-2s work, and so do bank statements, asset balances, or rental income with the right lender. If your tax return undersells what you earn, you are not stuck. We find the lender that reads your income the way it really is.
Primary Home, Second Home, or Rental
A jumbo can finance the house you live in, a vacation home, or an investment property. Expect a rental to need more money down and more cash in reserve than a home you live in.
One Application, 100+ Lenders
Jumbo lenders disagree with each other far more than conventional lenders do. We compare them for you, so you apply once, to the lender most likely to approve your loan. The funding lender then underwrites it and confirms your terms in writing.
A Team That Knows High Cost Markets
Our office is in Calabasas, where jumbo purchases are routine. We know how appraisal, title, and escrow tend to run on higher priced homes. You get that experience whether you are buying down the street or across the state.
Jumbo Loan Terms at Advanced Funding Solutions
Who Jumbo Loans Work Best For
Contact Advanced Funding Solutions to discuss whether this program may be a fit for your situation. Eligibility, loan amounts, and terms are determined after a complete application and underwriting review.
Get a Quote →- Buyers whose loan amount runs past the county conforming limit
- Salaried professionals with strong W-2 income and solid savings
- Self employed owners whose tax returns understate their income
- Retirees and investors who live on savings and investment accounts
- Buyers of a second home or rental property at jumbo size
- Owners refinancing a jumbo loan or pulling cash out of their home
How to Get a Jumbo Loan
Check your county's limit
Tell us the price and the county. We confirm whether your loan is over the conforming limit, and if you are close, we show you both a conforming and a jumbo version.
Pick how you will prove income
Tax returns, bank statements, or assets. We tell you which one gets you the strongest number and which lenders accept it.
Line up your reserves
Gather statements for your checking, savings, and investment accounts. Ask us how your retirement accounts count, because lenders treat them differently.
Appraisal and closing
The lender orders the appraisal and clears the last conditions. Your closing date rides mostly on the appraisal, title, escrow, and how fast you send documents back.
Jumbo Loan Questions
How does Advanced Funding Solutions help jumbo borrowers?
How much does a jumbo loan cost?
What is the jumbo loan limit in California?
What credit score do I need for a jumbo loan?
How much do I need to put down on a jumbo loan?
Can I get a jumbo loan with bank statements instead of tax returns?
How long does a jumbo loan take to close?
Can I do a jumbo cash out refinance?
What is a super jumbo loan?
Should I put more down to avoid a jumbo loan?
Related Loan Options
Our Approach
Here is what actually happens after you tell us what you are buying.
One application, more than 100 lenders
You fill out one form. We take it to the lenders whose guidelines actually fit your situation and bring back what each of them said. You are not starting over at every door.
You see the options side by side
When more than one loan could work for you, we show you both and explain the trade-off in plain language. Conventional against jumbo, bank statements against tax returns. You pick, not us.
Everything in writing before you commit
Your rate, fee and loan disclosures come to you in writing during the application, because state and federal law requires it. Anything we discuss before that is an estimate and we will tell you so.
Subject to approval
All loans are subject to credit, income, asset, property, and underwriting approval. A pre-qualification is not a commitment to lend, and your final terms are set after a complete application and lender review.
Jumbo Loans by City in Southern California
Los Angeles County
Ventura County
Program Disclosures
Advanced Funding Solutions is a mortgage brokerage (NMLS #1277693). Loan programs described on this page are offered through a network of wholesale lenders. Program availability, loan amounts, interest rates, points, fees, and underwriting guidelines are set by each funding lender and may change without notice. Not all borrowers will qualify for every program.
Any rates, costs, or timelines referenced on this page are illustrative only and are not a quote, rate lock, or commitment to lend. Actual rates and costs depend on the loan program, lender, credit profile, property type, occupancy, loan-to-value, and other factors, and are disclosed in writing during the formal application process as required by state and federal law.
All loans are subject to credit, income, asset, property, and underwriting approval. Pre-qualification is not a commitment to lend. State availability of specific programs varies; contact Advanced Funding Solutions to confirm whether a program is offered in your state. Equal Housing Opportunity.
Buying above the conforming limit?
Send us the price, the county, and how you earn. We will tell you whether you need a jumbo at all, and which lenders fit, before any application. Call (818) 478-2555 or get a quote. Advanced Funding Solutions, NMLS #1277693. All loans are subject to credit, income, asset, property, and underwriting approval.