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KNB Capital · Loan Programs
Jumbo Home
Loan
Financing for high-value California properties above the conforming limit. Competitive wholesale rates, flexible qualification, and expert structuring for luxury and move-up buyers.
The Basics
What Is A Jumbo Loan?
A jumbo loan is any mortgage that exceeds the conforming loan limit set by the Federal Housing Finance Agency — currently $806,500 for most California counties. Because these loans can’t be sold to Fannie Mae or Freddie Mac, they’re funded by private investors and banks with their own underwriting guidelines.
In markets like Calabasas, Westlake Village, Thousand Oaks, and coastal Ventura County, jumbo financing is the norm rather than the exception. KNB Capital shops multiple jumbo lenders to find the best rate and structure for high-value purchases and refinances.
Do You Qualify?
Jumbo Loan Requirements
Down Payment
Typically 10–20% depending on loan size, credit, and reserves. Some programs allow 10% down up to $1.5M with strong credit and 12+ months reserves.
Credit Score
680 minimum, with best pricing at 720–740+. Lender requirements vary — we shop programs to match your specific credit tier and loan amount.
Reserves
Most jumbo lenders require 12–24 months of PITI (principal, interest, taxes, insurance) in verified assets post-closing. Retirement accounts often count at 60–70%.
Debt-to-Income
Generally 43–45% max DTI. Some jumbo programs allow higher DTI with significant reserves or strong liquid assets as compensating factors.
Common Questions
What Jumbo Borrowers Ask Us Most
Are Jumbo Rates Higher Than Conventional?
Not always — and sometimes lower. Jumbo pricing depends heavily on the lender’s portfolio strategy. KNB Capital has access to portfolio lenders that price jumbo very aggressively for well-qualified borrowers.
Can I Get A Jumbo With Less Than 20% Down?
Yes. Several lenders offer 10% down up to $1.5M and some programs go higher. Requirements tighten at lower down payments — higher credit score and more reserves required.
Do Jumbo Loans Require Full Income Documentation?
Standard jumbo loans do require full W-2/tax return documentation. However, for self-employed borrowers or those with complex income, we also have bank statement jumbo and asset depletion programs.
Financing A High-Value Property?
We shop jumbo lenders to find the lowest rate available for your loan size and profile.