Jumbo Loans
in Los Angeles

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When you are trying to determine what type of home loan you need in Los Angeles, one important factor to consider is the amount you need to borrow. If that amount is more than the limits set by Fannie Mae and Freddie Mac, you will require a jumbo loan. Otherwise, conventional financing should be available.

Do You Need a Los Angeles Jumbo Loan?

To help you figure out whether a jumbo loan in LA might be in order, here are the 2019 conventional loan limits for Los Angeles:

One Unit Limit:


Two Unit Limit:


Three Unit Limit:


Four Unit Limit:


Some of the counties surrounding LA have their conventional loan limits set lower. Take a look at the conventional loan limits for Riverside for instance:

For example, here are the 2019 conventional loan limits in Riverside:

One-Unit Limit:


Two-Unit Limit:


Three-Unit Limit:


Four-Unit Limit:


Requirements for Qualifying for Los Angeles Jumbo Loans

Qualifying for a jumbo loan is a lot like qualifying for a conventional loan, only the requirements are stricter.

Your credit score and debt-to-income ratio need to be up to higher standards.

The down payment requirements for jumbo loans tend to be higher than they are for conforming loans, but they are not always higher. They can range up to around 20% for conventional loans, and up to around 30% for jumbo loans.

You will need to demonstrate through appropriate documentation that you possess at least six months of cash reserves.

Be ready to get two appraisals for the property you plan to purchase rather than just one.

As you might expect, raising your credit score, lowering your debt-to-income ratio, and documenting higher cash reserves all can work in your favor, qualifying you for more competitive LA jumbo loans.

Need help improving these metrics? I can offer you guidance for steps you can take today to give yourself the best chance of receiving competitive loan offers when you are ready to apply. If you are willing to make a higher down payment than the minimum you qualify for, this may give you the bargaining power to enhance other terms of your loan. Interest rates for jumbo loans can be very reasonable. It is just a matter of applying with the right lenders and qualifying as a competitive borrower.

The bottom line is this: It doesn’t have to be hard to qualify for a jumbo loan, and a jumbo loan doesn’t have to be more expensive in terms of interest than a conventional loan.

What Our Clients Say

Tony Bilby
Tony Bilby
03:09 07 Mar 20
Shannon and her team were professional, competent, and swift when it came to the lending associated with my home purchase. We were able to get the loan approved and close on a house in less than 30 days. Record time!read more
Joshua Barton
Joshua Barton
16:05 23 Nov 19
I have had the pleasure of working with Shannon for 8 years - her knowledge of the mortgage process and attention to clients is unparalleled. The Los Angeles market can be tricky with high dollar homes and unique income of the Entertainment Industry, but Shannon takes charge and leads everyone through to successful closings like clock work - cannot recommend her enough a true Rock Star in Mortgage world.read more
Lauren S
Lauren S
04:52 18 Oct 19
Working with Shannon was a real pleasure. She was always available and got back to me promptly with any necessary information. I was able to refinance my mortgage at a rate considerably lower than another larger company quoted who I had started working with. I look forward to working with Shannon again and I highly recommend her to anyone looking for a competent and decent mortgage broker.read more
Mike White
Mike White
02:15 27 Sep 19
As first time home buyers we had no idea what we were doing. We were pre-approved by a well known company but quickly discovered that we absolutely did not want to work with them for the actual mortgage. Shannon was recommended to us by a friend and I called on a Saturday morning. By Saturday evening we were well on our way to buying a house (we closed three days ago!). Shannon made navigating these foreign waters so easy, answering all of our newbie questions with patience and grace. Plus she got us a fantastic rate. We are so grateful for Shannon and can not recommend her enough. WE OWN A HOME!!read more
Alaine Smith
Alaine Smith
13:15 26 Sep 19
It was wonderful working with Shannon! She is attentive, thorough, and intelligent. It was easy to communicate with her because she took time to hear and understand my goals and always responded quickly. I highly recommend her to anyone looking. The customer service she provides exceeds expectations by a long shot! Thank you, Shannon, for all your help!read more
Julie Mckay
Julie Mckay
17:20 28 Aug 19
I just purchased my first home! Shannon and her team were truly a dream to work with. I was never left in the dark and she was always quick to respond with all of my questions. My experience couldn't have been easier. I highly recommend Shannon and would use her again in a heartbeat! She is the BEST!read more
jojo quijada
jojo quijada
19:55 27 Aug 19
I've been in the real estate business for over 5 years now, and I always trust Shannon to work with my clients. She and Josh are an AMAZING TEAM! Buyers love to work with Shannon as she gets things done asap and answer any and every question/concern. I couldn't recommend a better person for lending. Can't thank her enough!!read more
Rotimi Ayanbeku
Rotimi Ayanbeku
20:12 15 Aug 19
I always go back to Shannon because she is one of the best in the business! I've worked with Shannon over the years, however, she outdid herself in my last deal. She was so professional, caring and effective that my clients were comparing everyone else in the deal to Shannon. More importantly, we were ready to fund in less than two weeks. Once again, Shannon affirmed my belief in her that she always rises to the occasion. Thank you for being the best!read more
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Apply Now for a Competitive Los Angeles Jumbo Loan

Are you ready to get the affordable jumbo financing you need to purchase your LA dream home? Please give me a call at (818) 601-2231 to set up a consultation. Let’s get your loan application out there and get you the keys to your new home in Los Angeles.

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Amid global concern about COVID-19, we will continue to be here for our customers.
As people and companies all across the country take additional preparations to protect against the Coronavirus (COVID-19), we acknowledge that your mortgage concerns will likely not be taking a break. At this time, we will remain open full-time and will continue to service our customers with the same fast response times you’ve come to expect from us.
Due to the increasing number of reported cases in the U.S., we are continuously monitoring the situation. We will also continue to actively assess the necessary actions we need to take in order to ensure the health and safety of our customers, employees, and their families. We hope that you will join us in taking some basic and important measures, such as frequent hand washing, to keep communal risk low.