- Home
- Loan programs
- Jumbo loan
Jumbo loans for Wasatch Back and beyond
Loans above $806,500 for primary and second homes, with options down to 10% and portfolio underwriting for complex income.
- Loan amounts
- $806,501 to $3M
- Minimum down
- 10%
- Credit score
- 680+
- Reserves
- 6 to 18 months
How a jumbo loan works
A jumbo loan is any mortgage larger than the conforming limit set each year. In Summit, Wasatch and Washington counties, where many homes list well above $1 million, jumbo financing is simply how most people buy.
Because these loans are held by investors rather than Fannie Mae or Freddie Mac, guidelines vary. Our advantage is access to several jumbo investors, so a self-employed founder in Lehi and a surgeon relocating to Park City can both find a structure that fits.
What is included with Summit Ridge
Every jumbo loan comes with one flat $995 lender fee, shown before you apply, plus everything below.
- Pricing from multiple jumbo investors
- Interest-only and ARM options
- Self-employed and asset-based income review
- Second home and vacation property guidance
- Bridge options to buy before you sell
- Dedicated senior loan officer
The process, step by step
One loan officer and one processor from your first question to closing day.
- 1
Strategy call
We map income, assets and timing, including any home you plan to sell.
- 2
Full underwriting
Jumbo pre-approvals are fully underwritten, so offers carry the weight of cash.
- 3
Two appraisals if needed
Loans above $2M may require a second appraisal. We order both at once.
- 4
Close
Typical timeline is 25 to 35 days from contract.
Why borrowers choose it
One loan, not two
Avoid stacking a first mortgage and a second to stay under limits.
Complex income welcome
K-1s, RSUs, bonus income and trust assets are reviewed by an underwriter, not a bot.
No PMI
Most jumbo programs do not require mortgage insurance even below 20% down.
Competitive pricing
Jumbo rates are often close to conforming rates for strong borrowers.
Requirements and pricing factors
Your rate and approval depend on these factors. We explain exactly which ones move your price.
See sample rates- Credit score
- 680 minimum, 740+ for 10% down
- Down payment
- 10% to 20% depending on loan size
- Debt-to-income
- Up to 43% (45% for some investors)
- Reserves
- 6 to 18 months of payments in liquid or retirement assets
- Appraisal
- One, or two above $2M
Jumbo loan questions
More answers in our full FAQ and learning center.
Not always. For borrowers with strong credit and reserves, jumbo rates can be within a few basis points of conforming rates, and occasionally lower.
Yes. We use two years of tax returns, or bank statement programs for business owners whose returns understate income.
Yes. Second homes typically require 10% to 20% down and additional reserves.
Ready to price your jumbo loan?
Pre-qualify in about 6 minutes with a soft credit check. No impact to your score and no obligation.
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