If the mortgage loan you are seeking exceeds $1,000,000, it will be best to seek assistance from a mortgage professional that specializes in large loan limits and guidelines. As a Luxury Loan Specialist, I am familiar with specific guidelines and pricing associated with super-jumbo loans.

Super Jumbo Loans are available up to 100% of the property's value depending upon your credit score and documentation requirements (Full Doc, Stated, No Income No Assets).

Because of exceeding Fannie Mae and Freddie Mac conventional agency loan amounts of $417,000 by a significant amount, Super Jumbo loans are an extremely unique class of home loan.

A luxury home loan will usually require a super jumbo loan mortgage. The super jumbo loan is available as an interest only, option ARM or fixed rate mortgage. A super jumbo loan will usually require at least 20% down payment.

Many super jumbo loans look for assets in reserves after your loan closes. The assets you can show, the better your loan terms will be. Asset reserves can be an IRA, 401(k), or any other financial account.

Despite popular opinion, there are super-jumbo loans for self-employed borrowers who cannot prove their income. 100% loans are still available, usually only requiring a few months' payments among the borrower's assets.

Super Jumbo loans are usually for individuals with a high net worth and excellent credit history.

A Super Jumbo Mortgage is generally defined as having a principal balance of $650,000 or more. Super Jumbo mortgage loans are primarily used in the purchase and refinance of luxury homes and other high value residential real estate.