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:

$726,525

Two Unit Limit:

$930,300

Three Unit Limit:

$1,124,475

Four Unit Limit:

$1,397,400

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:

$484,350

Two-Unit Limit:

$620,200

Three-Unit Limit:

$749,650

Four-Unit Limit:

$931,600

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

Debra Strong
Debra Strong
23:44 17 Mar 21
Excellent Work
Gia Battocchio
Gia Battocchio
04:20 04 Mar 21
My husband and I just purchased our first home last month! We were referred to Shannon by our close friend and I am so thankful she was our guide through this process. Shannon was positive and... personable from the moment we spoke. She alleviated our concerns over securing a loan by reassuring us EVERY step of the way that we were on track. She always responded promptly and kindly to my numerous calls and texts, and her confidence was the kind that only comes from someone with years of experience. But for those of you who aren't looking for hand-holding and just want to get the job done, Shannon works so QUICKLY! She and her team moved things forward in a streamlined manner and we were closing escrow in no time. This is EXTREMELY important in a city like Los Angeles where you have to move quickly on your dream home because there are always 20 other offers. I can't say enough good things about Shannon. You would be lucky to work with her!read more
Veronica Perez
Veronica Perez
20:24 19 Feb 21
Shannon and the whole team at HomePlus Mortgage are A+! Knowledgeable, responsive and trustworthy. Highly recommended!
Brendan Bolton - Klinger
Brendan Bolton - Klinger
22:13 05 Feb 21
Shannon is amazingly talented and is great to work with. She is super-fast and has always gotten us the best rates. Over the past 10+ years, Shannon has helped my family complete 5 major loans: 1... primary residence; 2 investment properties; 1 refinance; 1 cash-out refinance. If you are getting a loan in California, you cannot do better than Shannon. Get in touch with her and do your deal with the confidence of knowing things will go smoothly. Thank you, Shannon!!!read more
Joe Torreto
Joe Torreto
23:24 15 Jan 21
Shannon was amazing and her team! She continued to provide us an updates and truly understand the stressed that an owner goes through. She is a great asset to the team, and could not have done this... very stressful journey without her help. Thank you very much and another refi in 5 years, who knows. Great job, Shannon! Happy New Year to All!read more
Andrew Kline
Andrew Kline
18:06 13 Jan 21
Shannon is amazing! She is the go to lender on all of my transactions! Always on the ball and very responsive!
Norm Page
Norm Page
15:41 16 Dec 20
Shannon and team did a yeoman's job pulling my re-fi through in these challenging times. I had had another loan officer trying to work through the underwriters for months on end to little to no... avail. Then I engaged Shannon on a local reference, and she unlocked the key to the underwriters, whatever it was. My re-fi came through with a fantastic rate saving us a ton every month.read more
Roxann Smith
Roxann Smith
18:45 22 Oct 20
Shannon was a delight to work with. very professional and personable. she made the whole process as easy as could be. couldn't recommend her higher.
Kris Van Herle
Kris Van Herle
00:52 17 Oct 20
A big bank lender told us it would take 70-80 days to close our refi. Shannon got it done in just a few weeks and at a much better rate. Great service, great communication. Highly recommend!
Tania Van Herle
Tania Van Herle
19:19 16 Oct 20
Ernie Mundell
Ernie Mundell
00:02 22 Sep 20
So two guys own a duplex together in LA and wanted to re-fi in 2020, but then both of these Canadians fled up north to escape COVID and wildfires, that immediately made the process international and... MUCH more complex. Luckily though, Shannon's patience, upbeat outlook and ingenuity totally got us through it all. She's the best - highly recommended.read more
John Buchan
John Buchan
20:03 21 Sep 20
Shannon is like an acrobat with loans. The hoops that had to be jumped through and the time it took (in this climate) were staggering. But she did it all the while holding our hands. A cool head and... great skills! I don't know how she did it. But we love her for it and our monthly costs have plummeted. I would NEVER go to anyone else for loan financing/refinancing (in fact, we are a return customer...)More than worth it, in the end. Thank you, Shannon, you ROCK!read more
Dana Weinzettl
Dana Weinzettl
20:32 19 Aug 20
Shannon was so amazing the whole way through our loan process! She answered all of our questions and made everything so seamless and easy. Would recommend her to everyone!
Caroline Wong
Caroline Wong
17:04 22 Apr 20
Shannon was very prompt and responsive to all queries. The process went more smoothly than I ever could have imagined. Highly recommend Shannon for all your mortgage/re-financing needs.
Sarah Goldberger
Sarah Goldberger
19:36 21 Apr 20
I cannot recommend Shannon highly enough! As an independent contractor, I knew getting a mortgage would be a little difficult, and Shannon supported me and helped make it work every step of the way.... If I ever need brokerage services again, she'll be my first call!read more
Kristina Robbins
Kristina Robbins
21:47 15 Apr 20
We’ve worked with Shannon and her team twice and both experiences were stellar. The first was buying our first home and she walked us through the process and explained everything along the way to... help us get quickly up to speed. The second time we were going for a refi in maybe the most turbulent mortgage market ever as COVID hit. She guided us through all the hurdles and worked double time to satisfy all the lenders new requests. We got a rate a full percent lower. I can’t recommend this team highly enough.read more
Karl Larsen
Karl Larsen
23:55 13 Apr 20
Shannon Christenot is the most amazing lender we’ve ever had. As a matter of fact this is the second time we’ve used Shannon to do a mortgage with us. She held our hand every step of the way. She... made the whole process stress-free as well. And when we were coming down to the wire to finish our escrow within the 30 days she got us an extension Without even asking. Now we are locked into a very low rate. We’ve saved hundreds of dollars per month for the next 30 years. We cannot Thank Shannon enough. I would recommend Shanon to anyone thinking of buying a home or refinancing.read more
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
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
Nasser Lavi
Nasser Lavi
21:55 20 Sep 19
one of the most ethical persons i have ever met
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
Property Manager
Property Manager
00:29 24 Jul 19
Shannon IS THE BEST in the business hands down! From loan programs to customer service, her attention to detail, follow through & industry knowledge are impressive. I have never felt like I had... anyone work so hard for me. I will never use another lender again!read more
Kellie Ayon
Kellie Ayon
19:20 17 Jun 19
We worked with Shannon and her team recently and it was a wonderful experience! Shannon was clear and concise about the lending process. We felt confident purchasing our home because she made... herself available outside of normal work hours and answered any and every question. If you want a top notch professional helping you during your home purchase, Shannon’s team is a must. We are so grateful for her time, professionalism, and undivided attention!read more
Maureen Martin
Maureen Martin
17:43 14 Jun 19
Shannon just closed a SUPER hard deal for me when nobody else could! I too am in the lending industry however, the company that I work for didn't have the program or product that I needed to close... this loan. Knowing that Shannon does a lot of 'out of the box' financing, I decided to give her a shot. She not only got the loan approved and closed for me, but her service and attention to detail completely knocked it out of the park! Her 20 + years in the business SHOWS! I highly recommend Shannon to anyone looking for a reliable, knowledgeable, affordable lender to close their loan!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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