Jumbo Home Loan Qualifications

A loan amount exceeding the conforming loan limit of  510,000 for a single-family home is a Jumbo loan.  Therefore, Jumbo home loan programs are available for those higher amounts.  Above all, the Jumbo Easy Close program have fewer document needs and little or no reserves required. As a result, buyers close fast with less effort.  To that end, Jumbo Easy Close is the best loan program to avoid jumbo home loan massive paperwork. In addition, 6 to 18 months of mortgage payments in the bank as reserves. Want a fast-easy closing?   Jumbo Easy Close is the solution.  Moreover, jumbo home loans have limitations due to Dodd-Frank Bill rules of Ability to Repay. In addition to the Qualified Mortgage rules, other guidelines may apply.

For Example, restrictions other competitors may have:

  • Debt to income ratios limited to 43% and some lenders to 40%
  • Borrowers need to have 6 months or more mortgage payments as reserves after closing.
  • Odd and quirky and stringent underwriting guidelines.
  • More document requirements
  • Primary Residence and second home Loan to Value restrictions

CharterStone Mortgage has a Solution:

Standard Jumbo

Underwriting guidelines for Jumbo home loan can be quirky. Granted that the most qualified borrower can be derailed by a minor guideline. Accordingly, having only one loan program option may result in the borrower starting over with a new lender.  Most banks have only one program.

Above all, the benefit of CharterStone Mortgage has access to multiple jumbo loan programs. The options facilitate the matching of the loan application file to the best loan program for each unique borrower- seamlessly.


  • Multiple programs to fit your financial situation
  • Highly experienced Loan Advisor
  • Very competitive rates
  • Fasts losings
  • Superior service and outstanding consumer experience

Alternate Jumbo

Alternate programs designed for the borrower that does not fit the traditional Jumbo home loan programs. Visit the alternate credit and income page for more options.

  • Up to 80% financing 
  • Lower credit Scores allowed 
  • Bank Statment as income programs   

Programs are subject to change without notice. All applicants must meet underwriting guidelines from the lender that are subject to change without notice and must meet all Federal and State regulations. This information is not guaranteed to be accurate due to changing financial and economic environment.      

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