Jumbo Loans — Complex Deals, Closed.
Credit Score Minimum
Minimum Down Payment
Days to Close
BBB Rating
The right lender for this level
What Is a Jumbo Loan?
A jumbo loan is any mortgage that exceeds the conforming loan limit established by the FHFA — $832,750 in most of the country, or $1,249,125 in high-cost counties in 2026. Because jumbo loans exceed the amounts that Fannie Mae and Freddie Mac will purchase, they are held or sold in the private market, and lenders set their own guidelines.
This separation from GSE guidelines cuts both ways. The requirements are stricter — higher credit scores, larger down payments, more documentation, significant reserves. But the flexibility is also greater. Jumbo lenders can underwrite complex income structures, non-warrantable condos, co-ops, and high-value properties that the standardised conforming system doesn’t handle well. For the right borrower, jumbo financing opens doors that conventional programs close.
Where properties routinely exceed conforming limits in Manhattan, Brooklyn, the Hamptons, Westchester, and Long Island — jumbo financing is not an edge case. It’s the primary instrument for serious buyers in this market. Compare a Jumbo loan with a Conventional loan →
Programs We Offer:
- Standard jumbo — primary residence, second home, investment
- Jumbo with 10% down — select programs for well-qualified borrowers
- Non-warrantable condo and co-op financing — portfolio programs
- Asset depletion / asset dissipation qualification
- Complex income — K-1, RSU, bonus, partnership distributions
- Interest-only jumbo — select programs
- Fixed products
- Jumbo cash-out refinance
Jumbo Loan Requirements
720–740+ for best pricing. Holistic credit review — payment history, debt levels, and asset reserves all carry weight alongside the score.
20%+ typically required above $2M. Investment property requirements are higher.
Jumbo thresholds are generally tighter than conforming. Asset reserves and compensating factors can expand the ceiling.
Bonus income, partnership distributions, and asset depletion all potentially qualify — depending on documentation and structure.
Single-family, co-ops, condos (warrantable and non-warrantable on select programs), condotels, and multi-family.
Requirements scale with loan size. Liquid assets and investment accounts typically count. Retirement accounts at a discount.
Above $1,249,125 in NY high-cost counties (five boroughs, Nassau, Suffolk, Westchester, Rockland) — 2026 FHFA limits.
We've Closed the Loans Others Won't Touch
Equity compensation, partnership distributions, K-1 income with significant depreciation, RSU vesting schedules, bonus income averaged across years — these are the income structures that trip up lenders who underwrite a hundred vanilla files for every complex one. We see these regularly and know how to document them correctly the first time.
Luxury residential market is saturated with buildings that don't meet standard warrantability criteria — high investor concentration, single-entity ownership, commercial space thresholds, pending litigation. Powerhouse Solutions has structured jumbo financing for these properties across Manhattan, Brooklyn, and the outer boroughs, through portfolio programs and exception processing that most lenders cannot access.
For high-net-worth borrowers whose liquid and investment assets far exceed their documented income, asset depletion programs allow qualification based on calculated draws from investable assets over the loan term. This approach is underutilised and often not offered by lenders without significant jumbo experience. If your balance sheet tells a stronger story than your tax return, we have a program for that.
Jumbo loans require a lender who controls the process completely. At Powerhouse Solutions, we originate, underwrite, and fund every jumbo loan internally. There are no third-party underwriters interpreting your file from a distance, no correspondent approval chains adding time and uncertainty. One loan officer manages the file from pre-approval through closing — with direct access to the underwriting team when complex questions arise.
Jumbo vs Conventional — Which Loan Do You Actually Need?
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Feature
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Jumbo Loan
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Conventional / High-Balance
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|---|---|---|
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Loan Amount
(NY High-Cost) |
Above $1,249,125 (1-unit, 2026)
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Up to $1,249,125 (1-unit, 2026)
|
|
GSE Backing
|
None — private market lender guidelines
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Fannie Mae / Freddie Mac eligible
|
|
Minimum Credit Score
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700+ (720–740 for best terms)
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620+ standard · 680+ optimal
|
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Minimum Down Payment
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10% on select programs · 20%+ above $2M
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5% standard · 3% HomeReady/Home Possible
|
|
Mortgage Insurance
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Generally not required
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Required above 80% LTV
|
|
Complex Income Flexibility
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High — lender-driven, case by case
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Moderate — AUS findings drive the result
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Non-Warrantable Condos/Co-ops
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Accessible via portfolio programs at Powerhouse Solutions
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Typically requires exception or ineligible
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Interest Rate
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Competitive — often near or below high-balance rates
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Slightly higher than standard conforming
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If your loan amount is near the conforming ceiling, your Powerhouse Solutions loan officer will run both scenarios and show you what the rate difference looks like on your actual numbers.
Ready to Discuss Your Loan?
How It Works
From Application to Closing
Tell us about your situation in under 2 minutes. No commitment, no credit pull.
Your dedicated loan officer reviews your details and issues a pre-approval letter, often the same day.
PHS manages the entire process from underwriting to title. You focus on finding your home.
As a direct lender, we control the timeline. No bank delays, no middlemen.
What Our Jumbo Borrowers Say
Jumbo Loan FAQs
What is a jumbo loan and how does it work?
A jumbo loan is any mortgage that exceeds the conforming loan limit set by the FHFA — $832,750 for most of the country, or $1,249,125 in high-cost counties in 2026. Because jumbo loans exceed the amount Fannie Mae and Freddie Mac will purchase, they are held or sold in the private market. Lenders set their own guidelines, which typically include higher credit score requirements, larger down payments, and more documentation — but also more flexibility on complex income structures and unusual property types.