Jumbo loans in New York
Loan amounts above conforming limits — higher credit required. Tell FundShift about your deal once and get matched — free — with loan officers who work Jumbo loans in New York.
What is a Jumbo loan?
A jumbo loan is a mortgage above the conforming loan limit the FHFA sets each year, so it can't be sold to Fannie Mae or Freddie Mac. Each lender sets its own guidelines.
How it works
- Lenders typically ask for higher credit scores, larger down payments, and more reserves than conforming loans.
- Fixed and adjustable versions are both common.
- Some lenders require a second appraisal on larger loan amounts.
Who it's for
- Buyers of higher-priced homes
- Borrowers with strong credit and cash reserves
- Refinancers whose balance is above the conforming limit
- Property
- Primary residence, second home, and sometimes investment property
- Documentation
- Full documentation, with closer review of assets and reserves
- Term
- Usually 15 to 30 years, fixed or adjustable
FundShift loan officers for Jumbo loans in New York
No loan officer with a public FundShift profile lists Jumbo loans in New York yet. You don't need to pick from a list: submit your request and lenders compete for it — FundShift routes it to the loan officers whose licensing and programs fit a Jumbo deal in New York.
Submit your requestWhere in New York
One request covers the whole state — including New York City, Buffalo, Rochester, Albany and Syracuse. Add your city so the match can favor loan officers who list your market.
Jumbo loans in New York: common questions
What is a Jumbo loan?
A jumbo loan is a mortgage above the conforming loan limit the FHFA sets each year, so it can't be sold to Fannie Mae or Freddie Mac. Each lender sets its own guidelines.
Who is a Jumbo loan a good fit for in New York?
Jumbo loans tend to fit buyers of higher-priced homes, borrowers with strong credit and cash reserves, and refinancers whose balance is above the conforming limit. Occupancy: primary residence, second home, and sometimes investment property.
What does it take to qualify for a Jumbo loan?
Full documentation, with closer review of assets and reserves. Guidelines are set by each lender, so requirements differ from one lender to the next.
Does a Jumbo loan officer need a license in New York?
Yes. A Jumbo loan is consumer mortgage credit, so the loan officer must be licensed to originate in New York. FundShift matches on the licensed states loan officers declare, and you can verify any loan officer at NMLS Consumer Access before you apply.
What are Jumbo rates like right now?
Rates depend on your credit, down payment, property, and the lender's pricing that day. FundShift doesn't publish a Jumbo rate it can't source — a matched loan officer quotes your actual rate.
How does FundShift match me with a Jumbo lender in New York?
You submit one request. FundShift scores it and routes it to a small number of loan officers who serve New York and work Jumbo loans, ranked on geography, specialty, and track record. FundShift is not a lender and does not make credit decisions.
How long is a typical Jumbo loan?
Usually 15 to 30 years, fixed or adjustable.