Jumbo Loan

• Credit Score: We offer options for credit scores as low as 660 for well-qualified buyers.
• Down Payment: Expect to make a down payment of at least 10%.
• Debt-to-Income Ratio (DTI): We can work with DTI ratios up to 55% for certain borrowers.
• Income and Asset Verification: You'll need to provide comprehensive documentation of your income, assets, and other financial information.

We are able to provide jumbo financing up to $3.5m. 

• High Income: Borrowers generally need to demonstrate a higher annual income to qualify for a jumbo loan. A good rule of thumb is that your monthly housing expenses should not exceed 28% to 30% of your gross monthly income.

• Debt-to-Income Ratio (DTI): We allow up to 55% for well-qualified borrowers.

• Reserves: Some lenders require borrowers to have significant cash reserves. This could mean having six months to a year’s worth of mortgage payments in savings after closing.

Your credit score is determined by factors such as the types of credit you have (ie. credit cards, student loans, auto loans, etc.) how long you’ve had them, how much credit you're using, and how well you pay your bills.

Jumbo loans have flexible credit requirements. While many lenders prefer higher scores, MARQ Mortgage accepts scores as low as 660.  Higher scores may secure better rates and terms.