Jumbo Loan
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Last updated: 08/2025
Welcome to TopOne Mortgage—your Rockville based correspondent lender with in-house warehouse funding for lightning fast closings. When your dream home costs more than the FHFA high-cost limit of $1,149,825, a jumbo loan lets you finance up to $3 million (and beyond) with flexible down-payment options and competitive rates.
What Makes a Loan “Jumbo”?
A jumbo loan exceeds your county’s high-cost limit — $1,149,825 for one-unit homes in Fairfax, Arlington, Montgomery, and Washington, D.C. — so it’s too large for Fannie Mae or Freddie Mac to buy.
- Loan amount: Anything above $1,149,825 (1-unit 2025 limit in Fairfax, Arlington, Montgomery, and D.C.).
- Portfolio underwriting: Jumbo loans don’t follow Fannie/Freddie rules; lenders set their own guidelines.
- Credit score: 700 + ideal, some programs down to 680 with strong compensating factors.
- Debt-to-income (DTI): ≤ 43 % (up to 45 % on select programs).
- Down payment: 10 %–20 % for primary homes; 25 % + on second homes or investment properties.
- Cash reserves: 6–12 months PITI typically required.
- Appraisals: One appraisal up to $2 million; two appraisals often required above that mark.
Why Choose a Jumbo Loan from TopOne?
- Local approvals, national pricing: Direct relationships with 5 jumbo investors; we shop the rate, you sign once.
- 10 %-down options to $1.8 M with no monthly PMI.
- Interest-only available (5/6 ARM or 7/6 ARM) for cash-flow flexibility.
- Self-employed OK: bank-statement and asset-depletion programs with common-sense underwriting.
- Transparent cost breakdown: We walk you through how jumbo loan terms, reserves, and closing costs affect your monthly payment, so you can pick the structure that best fits your budget—no surprises at closing.
- Fast, white-glove closings: in-house processing + warehouse line = typical jumbo purchase closes in 21–30 days.
- Proactive loan reviews: We check in with past clients each year and let you know if market rates drop enough to make a refinance worthwhile.
- Low down payment: 10%-down options to $1.8M with no monthly PMI.
- Interest-only available: (5/6 ARM or 7/6 ARM) for cash-flow flexibility.