What qualifies as a jumbo loan?

A jumbo loan is any mortgage amount above the current conforming loan limits set by Fannie Mae and Freddie Mac.

What is the difference between a jumbo loan and a conventional loan?

Conforming conventional loans stay within the annual conforming loan limit for your area. Jumbo loans exceed that limit and follow jumbo guidelines set by lenders.

Can jumbo loans be used for second homes or investment properties?

Often yes, depending on the program. Eligibility and requirements vary by lender and by property type.

Do jumbo loans require mortgage insurance?

Many jumbo loans do not use monthly mortgage insurance the same way some low-down-payment conventional loans do, but pricing and structure vary by lender. We will review options based on your scenario.

Jumbo Home Loans in Lewisville, TX

Liberty Home Mortgage helps buyers finance high-value and luxury homes using jumbo mortgage loans. Jumbo loans are designed for loan amounts that exceed standard conforming limits and offer flexible solutions for well-qualified borrowers.

Proudly serving Lewisville (75056), Denton County, and homeowners across Texas.

✅ Apply Now • 📞 Phone & Text: 713-955-4685 • ✉️ info@libertyhomemortgage.com

What Is a Jumbo Loan?

A jumbo loan is a mortgage used when the loan amount exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. Because these loans are larger, they follow different underwriting guidelines than standard conforming mortgages.

Why Borrowers Choose Jumbo Loans

• Finance luxury or high-value homes
• Purchase in competitive or higher-priced markets
• Flexible income documentation options (program dependent)
• Competitive rates for strong credit borrowers
• Options for primary residences, second homes, and some investment properties

Common Jumbo Loan Uses

• Home purchase
• Rate-and-term refinance
• Cash-out refinance (guidelines apply)

Who Jumbo Loans Are For

Jumbo loans may be a good fit if you are:

• Buying a high-value or luxury home
• Refinancing an existing jumbo mortgage
• Self-employed or using alternative income documentation (program dependent)
• Purchasing a qualifying second home or investment property

Jumbo Loan Qualification Basics

Jumbo loan guidelines vary by lender and program. Qualification is typically based on credit history, income, assets, reserves, and overall financial strength.

• Higher credit score requirements compared to conforming loans
• Asset and reserve requirements may apply
• Loan-to-value limits vary by occupancy and transaction type
• Documentation options depend on program selection

Are Jumbo Loans Assumable?

Most jumbo loans are not assumable. If assumability matters for your long-term plans, we can review alternative options based on your goals.

Jumbo Loan FAQs

What loan amount qualifies as a jumbo loan?
A jumbo loan is any mortgage amount above the current conforming loan limit. These limits can change annually.

Do jumbo loans require a large down payment?
Down payment requirements vary by program. Some jumbo loans allow lower down payments for well-qualified borrowers.

Can self-employed borrowers qualify for jumbo loans?
Yes. Many jumbo programs allow alternative income documentation, subject to lender guidelines.

Can jumbo loans be used for investment properties?
Some jumbo programs allow investment properties, depending on lender rules.

How long does a jumbo loan take to close?
Jumbo loans often close in about 30–45 days, depending on documentation, appraisal, and underwriting.