Jumbo Home Loan

Over the past few years, some lenders have decreased their jumbo loan offerings and have made them harder to obtain. At Bridgepoint Funding, we offer competitive rates on jumbo loans, with options for fixed or adjustable terms to provide maximum flexibility for larger home purchases.

A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In California’s high-cost counties, including much of the Bay Area, these limits can reach $806,500 or higher. Any loan amount above your county’s conforming limit requires jumbo financing.

At Bridgepoint Funding, we specialize in jumbo loans in California’s most competitive markets, with loan amounts ranging from $400,000 to $3 million.

Based in Pleasant Hill since 2006, we’ve supported Bay Area buyers with deep local expertise. We understand the realities of financing homes in high-cost markets across Contra Costa, Alameda, Santa Clara, San Mateo, San Francisco, and Marin counties, and provide borrowers with guidance and options tailored to these competitive markets.

While many lenders require 20-25% down for jumbo financing, we offer select programs with as little as 10% down, so you may preserve cash for other investments or financial security.

As a mortgage broker, we’re not limited to one lender’s guidelines. We work with a broad network of jumbo investors so you can access more competitive rates and greater flexibility than traditional banks can offer.

Our commitment to high service levels sets us apart. You’ll work directly with experienced professionals who provide real human interaction. We collaborate closely with your real estate agent to ensure smooth, stress-free transactions.

We offer creative solutions for California borrowers, including bank statement loans for self-employed borrowers and DSCR loans for real estate investors.

Jumbo loans typically take 45-60 days to close with many lenders due to stricter underwriting and enhanced appraisal requirements. At Bridgepoint Funding, we’ve tightened up the process to close most jumbo loans within 30-35 days through proactive communication, an experienced staff, and strong investor relationships.

• Credit Score: Generally 700+ (with the best rates at 740+; some programs may consider 680 with strong compensating factors).
• Down Payment: Typically 10–25%, with 10–20% common and higher down payments for larger or more complex loans.
• Debt‑to‑Income: Generally up to about 43%, with some flexibility for highly qualified borrowers.
• Reserves: Usually 6–12 months of total mortgage payments in reserves after closing; larger jumbo loans may require more.
• Documentation: Full documentation is standard, including 2 years of tax returns, recent income documents, bank statements, employment verification, and asset documentation.

Actual program requirements, including minimum credit scores, down payments, and reserves, are determined by individual lenders and may differ from the ranges shown here.

With jumbo mortgage loans, homeowners have two primary rate structures to consider: 

• 30-Year Fixed: Stable, predictable payments for the life of your loan
• Adjustable-Rate Mortgages (ARMs): Lower initial rates with 5, 7, or 10-year fixed periods. Better for borrowers planning to move or refinance within that timeframe.

The Bridgepoint Funding mortgage team can compare both options with you to determine which is best.

For California homeowners age 62 and older with significant home equity, a jumbo reverse mortgage grants access to equity beyond traditional reverse mortgage limits. This is most ideal in markets where home values exceed $1 million. With a jumbo reverse mortgage, eligible homeowners can access funds without monthly mortgage payments while staying put in their current residence. Loans must be repaid once the borrower sells, moves out permanently, or passes away.

Begin your home loan process today! Our mortgage advisors are standing by.

Request a free personalized rate quote.