Financing for High-Value Homes Made Simple
Jumbo Loans
Looking to buy a luxury home or a property in a high-cost area? Jumbo Loans make it possible with larger loan amounts, low rates, and flexible terms. Whether you’re purchasing a primary residence, a vacation home, or an investment property, we’re here to help you secure the financing you need. Get started today and make your dream home a reality!
Jumbo Loans – Financing for Luxury Homes and High-Value Properties
What Is a Jumbo Loan?
A Jumbo Loan is a mortgage designed for financing high-value properties that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. In most areas, the conforming loan limit is $806,500, while high-cost areas like Los Angeles and San Francisco have limits as high as $1,209,750. Loans above these limits are classified as jumbo loans and are ideal for buyers looking to finance luxury homes, vacation properties, or investment properties without splitting their financing across multiple loans.
How Do Jumbo Loans Work?
Jumbo Loans are specifically designed for borrowers who need larger loan amounts than conventional loans allow. These loans offer competitive interest rates, flexible repayment terms, and the option to choose between fixed-rate and adjustable-rate mortgage (ARM) plans. Borrowers can use Jumbo Loans to purchase primary residences, vacation homes, and investment properties, making them a versatile option for financing high-cost real estate. While Jumbo Loans often require higher credit scores and larger down payments, they also offer attractive benefits such as refinancing options and access to home equity for renovations or other financial needs.
Key Features of Jumbo Loans
Jumbo Loans allow buyers to secure financing for homes that exceed conforming loan limits. In California, this means loan amounts above $806,500 in most counties and over $1,209,750 in high-cost regions. Jumbo Loans are available with fixed or adjustable interest rates, providing flexibility to meet different financial goals. While these loans often require a credit score of 700 or higher and a down payment of 10–20%, some lenders offer options for borrowers with lower down payments based on their financial profiles. Borrowers may also need to show proof of stable income, low debt-to-income (DTI) ratios, and sufficient cash reserves to cover 6–12 months of payments.
Who Qualifies for a Jumbo Loan?
Jumbo Loans are ideal for buyers seeking financing for high-value properties or homes located in competitive markets. Most lenders require borrowers to have a credit score of 700 or higher and a down payment of 10–20% to qualify. Applicants must also demonstrate income stability, maintain a low debt-to-income ratio, and provide bank statements and asset documentation to verify financial strength. Borrowers may also need cash reserves to cover several months of mortgage payments as a safeguard for lenders.
Benefits of Jumbo Loans
Jumbo Loans make it easier to finance luxury homes and high-value properties without splitting financing into multiple loans. These loans provide flexible repayment terms, including both fixed and adjustable-rate options, allowing borrowers to choose a plan that fits their budget and goals. Competitive interest rates make Jumbo Loans an affordable option, especially for borrowers with strong credit profiles. In addition to financing home purchases, Jumbo Loans also support refinancing options, giving borrowers the ability to lower their interest rates, adjust loan terms, or access home equity for renovations, debt consolidation, or other expenses.
Why Work with Diane?
With more than 30 years of experience, I specialize in helping clients secure Jumbo Loans that fit their financial needs and goals. Whether you’re purchasing a luxury home in Orange County, refinancing an existing mortgage, or investing in high-value properties, I provide personalized guidance and expert advice every step of the way. I work closely with trusted financial advisors and real estate professionals to make the process smooth and stress-free, ensuring you feel confident about your financing decisions.
Expert Guidance for Your Mortgage
Choose Diane Luongo Gazich at C2 Financial Corporation for expert mortgage advisory services tailored specifically to your needs. Our commitment to exceptional service and vast industry knowledge ensures a seamless experience for every client. Located conveniently in Fullerton, our team is dedicated to guiding you through the complexities of the mortgage process with personalized strategies aimed at securing the best financing solutions available. Trust our certified expertise to facilitate your journey toward homeownership with confidence and clarity.
What is the loan limit for a Jumbo Loan?
A Jumbo Loan applies to properties that exceed $806,500 in most areas, with limits as high as $1,209,750 in high-cost regions like Los Angeles and San Francisco. These higher loan limits make Jumbo Loans ideal for financing luxury homes and properties in competitive markets.
What credit score is required for a Jumbo Loan?
Most lenders require a credit score of 700 or higher to qualify for a Jumbo Loan. Borrowers with lower credit scores may still qualify if they have strong financial profiles, such as low debt-to-income ratios and sufficient cash reserves.
How much do I need for a down payment?
Down payments for Jumbo Loans typically range from 10–20%, depending on the lender and loan amount. Some programs may allow for lower down payments, especially for highly qualified borrowers who meet additional requirements.
Can I use a Jumbo Loan for a second home or investment property?
Yes, Jumbo Loans can be used to finance primary residences, vacation homes, and investment properties. This makes them a versatile financing option for buyers looking to expand their real estate portfolios.
Are interest rates higher for Jumbo Loans?
Interest rates for Jumbo Loans are often competitive and comparable to Conventional Loans, especially for borrowers with excellent credit and strong financial profiles.
Can I refinance a Jumbo Loan?
Yes, Jumbo Loans can be refinanced to lower interest rates, adjust loan terms, or access home equity for renovations or other financial needs.
How long does it take to close a Jumbo Loan?
The closing process for Jumbo Loans typically takes 30–45 days, depending on the documentation and underwriting requirements. Getting pre-approved can help streamline the process and provide a competitive edge when making offers.
What documentation do I need to apply?
To apply for a Jumbo Loan, borrowers must provide proof of income, tax returns, bank statements, and asset documentation. Self-employed borrowers may also need profit and loss statements or bank statements to verify income stability.
Get Started Today!
Whether you’re looking to buy a luxury home, refinance an existing mortgage, or invest in high-value properties, I’m here to help. Contact me today to explore your Jumbo Loan options and secure financing that fits your needs.
Testimonial
My Google Reviews
It was a pleasure working with Diane for the first time! As a listing agent and a brokerage owner, I was impressed with how smoothly this transaction went. I have worked with numerous mortgage brokers, and not all of them stay on top of what needs to be done. Diane met every deadline and closed exactly on time, requiring minimal back-and-forth. It was a notably easy process – I never had to chase her for anything. While I was the listing agent and didn't choose her directly, her efficiency and professionalism would make me comfortable having buyers work with her in the future.
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Meri Rama
8 days ago
Wonderful service! Makes house buying easy. I will be using Diane again and again ❤️
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jessica wong
20 days ago
Collaborating with Diane was an absolute pleasure! As a real estate agent, I was impressed by how seamlessly she worked with both our team and her long-time clients in Whittier during this transaction. She knew exactly when to jump in to help move things along, and her communication was consistently responsive and clear throughout the process. Even with some unique circumstances that extended our timeline, Diane got everything done efficiently once we were back in escrow – closing in just 21 days. She met every deadline and was always there when we needed support to bring the file to closing. Having now seen how well she works with her clients and handles timelines, I'd definitely recommend Diane to other buyers looking for a responsive, deadline-driven lender in California. Her expertise and attention to detail make her the perfect choice for anyone seeking a reliable and professional mortgage broker.
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Lupita Cazares
1 month ago
I was amazed at how easily Diane handled my mortgage! As a business owner with a complicated financial profile, she navigated my intertwined business and personal finances effortlessly. Between my S-Corp business, stock investments, and rental properties, other mortgage brokers have struggled or even denied me – but Diane never made it seem like a concern. Everything during the process to obtain my jumbo loan was streamlined and simple. Unlike other mortgage lenders who just give you a portal and checklist to figure out yourself, Diane handled everything personally. I'd email her documents, and she'd take care of the rest. She also educated me about the mortgage market, explaining how mortgage rates relate to 10-year bonds and advising us on timing around the election, which saved us about half a point on our rate. After working with her on a previous offer that didn't pan out, I immediately called her for this property in Whittier, CA, because she was so great to work with. She already had all my information ready to go, making the process incredibly smooth. I'll definitely use her again when it's time to refinance next year.
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Vince Cordova
1 month ago
Diane was by far the most efficient mortgage broker we've worked with in California. My husband's schedule is pretty busy, and we needed someone who could process information quickly while still explaining everything step by step for us. Her communication was fantastic. She walked us through the whole mortgage process and communicated exactly what documents we needed while helping us understand the current market conditions. Not only was she always available for questions, but she could explain mortgage concepts on a higher level than other lenders I've worked with. Her knowledge is just incredible - and despite the challenging market - she secured us a great mortgage rate. The experience was so smooth that we're already planning to use her again for refinancing in six months. The whole mortgage process was just easier and more straightforward than my past experiences, and I wouldn't hesitate to recommend her to anyone in the Whittier, CA area.
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Denise Cordova
1 month ago
Diane Gazich is a mortgage broker with an amazing ability to secure home loans quickly - we closed three days ahead of our already tight 25-day timeline!! I was impressed with how she went beyond just handling the business side to help resolve issues that came up during our transaction. She was willing to get personally involved to work through any problems and make things happen faster. Based on this experience, I'll definitely keep Diane on my list of trusted mortgage brokers.
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Joy Olea Realtor
1 month ago
Ready to Get Started?
Whether you’re looking to buy a luxury home, refinance an existing mortgage, or invest in high-value properties, I’m here to help. Contact me today to explore your Jumbo Loan options and secure financing that fits your needs.