Jumbo Home Purchase
Financing for higher-priced primary and eligible second homes, including fixed-rate and adjustable-rate options where available.
Explore purchase options →Buying a luxury home? Refinancing a large mortgage? Self-employed with complex income? Explore jumbo, high-balance, and alternative-documentation financing with an Alabama lending team experienced in the details.
Loan availability, rates, terms, and eligibility depend on individual qualifications, lender guidelines, and property details. No approval or rate is implied.
A large loan does not always mean a traditional jumbo mortgage. We compare the financing structures available for your loan amount, occupancy, property, assets, and income.
Financing for higher-priced primary and eligible second homes, including fixed-rate and adjustable-rate options where available.
Explore purchase options →Review payment, term, and loan-structure alternatives on an existing large mortgage. Compare costs and long-term tradeoffs.
Explore refinancing →Evaluate jumbo cash-out refinancing or a second-lien solution when available, considering existing mortgage terms and combined loan-to-value.
Review equity choices →Potential alternatives for eligible business owners, contractors, and borrowers whose tax returns do not tell the whole story.
See documentation paths →Explore asset-utilization or depletion programs for qualified borrowers with substantial eligible assets and nontraditional income.
See asset-based options →For eligible rental properties, cash-flow-based investor loans may be worth evaluating separately from owner-occupied jumbo financing.
Explore DSCR options →Program availability and requirements vary by investor, property type, occupancy, credit, documentation, and current guidelines. Ask Bo can help direct investors to the appropriate next step.
Change the price, down payment, interest rate, or term to explore estimated monthly payments. This is a planning tool—not a live rate quote.
Assumes a fully amortizing fixed rate for the selected term. Excludes closing costs, prepaid items, and other charges. Adjustable-rate loans, interest-only payments, and other products calculate differently. Rate shown is hypothetical, not an offer.
Self-employed jumbo borrowers deserve a thorough review of their real financial picture. We consider agency and traditional jumbo options first when appropriate, then evaluate Non-QM alternatives when the documentation or qualification structure calls for them.
A refinance isn't just a rate decision. We can compare payment savings, loan costs, cash-out needs, equity preservation, and the effect of resetting the loan term.
Compare your current mortgage with a new structure, including monthly savings, closing costs, and break-even timing.
Discuss a refinance →Evaluate whether replacing the first mortgage or keeping it and adding an eligible second lien better fits your goals.
Review equity options →Set a target rate and receive alerts through First Equity's Rate Watch service when its monitoring criteria are met.
Set a Rate Alert →Keep an eye on property information and potential equity opportunities. We'll add the direct Property Pulse signup here once its published destination is confirmed.
Ask About Property PulsePurchase, refinance, equity access, or investment—plus your location and approximate loan amount.
Our team evaluates the relevant documentation paths, available programs, and actual lender pricing.
When you're ready, complete the application and provide documents through the designated secure portal.
A jumbo mortgage generally exceeds the applicable conforming loan limit for the property and loan type. Those limits can change annually and may vary by county or property units. Some large loans may still qualify as conforming loans.
Yes, qualified self-employed borrowers may have traditional full-documentation and alternative-documentation options. Eligibility depends on the lender, income and asset verification, credit, reserves, property, and other factors.
Potentially. Rate-and-term and cash-out options may be available, subject to loan-to-value limits, property type, occupancy, credit, income or assets, and investor requirements.
It depends on your current first-mortgage rate, available equity, second-lien pricing, total payment, fees, and financial goals. We can compare both approaches when available.
No universal down-payment requirement applies to every jumbo program. Requirements vary by lender, credit, loan amount, property, occupancy, reserves, and other characteristics.
Some Non-QM programs may allow eligible assets to support qualification. The calculation, asset eligibility, haircuts, and reserve requirements depend on current program guidelines.
First Equity serves Alabama borrowers, subject to applicable licensing and program availability. Contact us to review financing for your property's county and situation.
Whether you're purchasing a luxury home, refinancing a large balance, or qualifying with business income or assets, start with a conversation. We'll help identify the appropriate next step.
First Equity Home Loan, Inc. • NMLS #204659. All loans subject to underwriting approval, applicable laws, and lender/program availability. This page provides general educational information, not a commitment to lend or an offer of specific terms. Equal Housing Lender disclosures and state licensing information should remain visible in the website footer.