Overview
Jumbo loans finance properties above the conforming loan limit. In neighborhoods like Indian Hill, Hyde Park, Madeira, and Mason, jumbo financing is often the right tool for move-up buyers, executives, and luxury home purchasers.
Benefits
- Loan amounts well above conforming limits
- Competitive rates for strong borrower profiles
- Flexible structures including interest-only and ARM options
- Asset-depletion qualification available
Eligibility
- Typically 700+ FICO (program dependent)
- Strong reserves (often 6+ months PITI)
- Documented income or asset-based qualification
Cincinnati scenario
A relocating executive purchasing in Indian Hill at $1.2M. We compare 7/6 ARM vs. 30-year fixed and choose the structure that fits a 5-7 year horizon.
Frequently Asked Questions
Jumbo loans are mortgages above the annual conforming loan limit set by the FHFA. In most of the Cincinnati metro the conforming limit applies; loans above that limit are jumbo. John will confirm your specific number.