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Jumbo Mortgages

Get Assistance with the Jumbo Loan Process in the Santa Rosa, CA Area

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Jumbo Loans In California

Providing Mortgage Placement putting YOU First as our First Priority

Are you ready to turn the key and open the door to a luxury home in California? The local real estate market in Santa Rosa, CA is highly competitive. A conventional loan may not meet the needs of some borrowers. A jumbo loan may be the right choice for someone looking to purchase a luxury property in these areas. You First Mortgage is a licensed mortgage brokerage firm that can offer you a selection of jumbo loans from various mortgage lenders. We can help you weigh out the advantages and disadvantages of using a jumbo loan vs a conventional loan in your unique situation.

With our network of lenders, we can quickly provide you with a variety of financing options. Our experienced professionals are committed to finding personalized mortgage solutions for our clients. It is our goal to offer you loan options that meet your needs and make sense for your financial circumstances. Contact us today in order to get in touch with a qualified jumbo mortgage broker. We’re looking forward to helping you purchase the home of your dreams with the right loan. Call (707) 919-3103 or fill out our online contact form and we’ll get back to you as soon as possible.

What Is A Jumbo Mortgage?

Jumbo loans allow you to borrow more money than conventional loans. They also come with stricter qualification standards and different tax implications. To get a jumbo mortgage, you’ll need more proof of income. That means two years’ worth of tax returns and other documents. Jumbo lenders also prefer borrowers who can prove that they have enough liquid assets to cover at least six months of mortgage payments. There is little chance of you securing one of these loans with a credit score lower than 720. Typically, you can qualify for a conventional loan with a “fair” credit score of 620 or higher. Also, conventional loans require you to have a debt-to-income (DTI) ratio lower than 43% in order to qualify. Jumbo loans don’t have a set debt-to-income ratio requirement, but most lenders will want to see a significantly lower DTI.

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Jumbo Loans vs Conventional Loans

Jumbo loans allow you to borrow more money than conventional loans. They also come with stricter qualification standards and different tax implications. To get a jumbo mortgage, you’ll need more proof of income. That means two years’ worth of tax returns and other documents. Jumbo lenders also prefer borrowers who can prove that they have enough liquid assets to cover at least six months of mortgage payments. There is little chance of you securing one of these loans with a credit score lower than 720. Typically, you can qualify for a conventional loan with a “fair” credit score of 620 or higher. Also, conventional loans require you to have a debt-to-income (DTI) ratio lower than 43% in order to qualify. Jumbo loans don’t have a set debt-to-income ratio requirement, but most lenders will want to see a significantly lower DTI.

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Our Jumbo Mortgage Loan Brokerage Serves the Santa Rosa, CA Area

Our services are available throughout the Santa Rosa, CA area. Why should you partner with a mortgage brokerage like You First Mortgage rather than going directly to lenders?

  • We have established relationships with a wide variety of local lenders, including some that you can only access through a broker
  • We save you time by handling most of the work throughout the process and applying on your behalf
  • You can quickly receive a wide selection of mortgage options with our help
  • Our professionals can steer you away from lenders with overly-complicated or onerous contract terms
  • In some cases, we can get lenders to waive fees like application fees, origination fees, and more
  • We have extensive knowledge of home loan types and options, so we can help you identify one that meets your needs
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About

You First Mortgage is a licensed mortgage brokerage firm based in Sonoma County, CA. When you partner with us, we put your interests above all other priorities. With versatile real estate industry experience in the local market, our advisors can provide reliable guidance when it comes to choosing home financing options. We are CalHFA Certified for Government Down Payment Assistance.

Providing Mortgage Placement putting
YOU First as our First Priority
Ashley D. Avatar
Ashley D.
5 star rating
9/09/2019 - Yelp

Austin helped us buy our first home in under a month and we couldn't be happier as first time home... read more

leslyecharlesworth Avatar
leslyecharlesworth
9/02/2019 - Zillow

Highly likely to recommend Austin helped make home ownership in Northern California a reality for our family. He was always on call to help... read more

al nayeri Avatar
al nayeri
7/26/2019 - Zillow

Highly likely to recommend Austin is a true gentleman and a professional on top of his game. He not only knows the real estate... read more

DISCLAIMER:
The information contained on this website is presented for informational and marketing purposes only and is not to be understood as financial advice. You should consult with a representative from You First Mortgage for further information, the mere act of contacting You First Mortgage does not create a client relationship. As a result, you should never send any confidential information to our office until representation or client relationship has been established.

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