Refinance your jumbo mortgage to access equity, consolidate debt, or slash your term. Buying above your county’s conforming limit? We do that too — fixed-rate or ARM options, with terms reviewed for your file.
When your home exceeds conforming limits, a jumbo loan provides the financing power you need with competitive terms.
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Higher Loan Amounts
Finance above your county’s conforming limit ($832,750 in most counties) — for high-value homes and properties nationwide, with the amount reviewed for your file.
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Pricing for Your Scenario
Jumbo pricing depends on your credit, down payment, property and loan type. Ask for a quote based on your scenario.
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Flexible Terms
Choose from fixed-rate or adjustable-rate options. Interest-only and other terms may be available, depending on the program and your file.
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No PMI at 20% Down
Put 20% down and avoid private mortgage insurance entirely. Lower down payments available with PMI that can be removed later.
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Multiple Property Types
Available for primary residences, second homes, vacation properties, and investment properties — including condos and multi-unit.
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Equity Access
Cash-out refinance on high-value properties, subject to a loan-to-value limit that depends on your property and file. Consolidate debt, fund renovations, or access cash for any purpose.
Eligibility
Who Qualifies for a Jumbo Loan?
Jumbo loans have higher qualification standards than conforming loans. Here's what lenders look for.
Borrower Requirements
Credit Score
Credit requirements are set by the lender and its investor
Reserves, a low debt ratio and a larger down payment can help
Your score and history affect the terms you are offered
Income & Employment
2 years of stable, documented income
W-2s, tax returns, and pay stubs required
Self-employed: 2 years of business tax returns + P&L
Reserves
Cash reserves after closing are commonly required; the amount is reviewed for your file
Checking, savings, money market, stocks, bonds
Retirement accounts may count at a reduced value
Debt-to-Income Ratio
Jumbo lenders limit your debt-to-income ratio, and the limit depends on the program. Strong credit, reserves or a larger down payment can help. Texana reviews this for your file.
Property & Loan Details
Property Types
Single-family homes
Condos (warrantable and non-warrantable)
2–4 unit properties
Second homes and vacation properties
Investment properties
Loan Amounts
Above your county’s conforming limit
Higher amounts with additional qualifications
Down Payment
Set by the lender and investor, and generally larger than for conforming loans
Differs for a primary residence, second home and investment property
A larger down payment can reduce or remove PMI
Loan Terms
Fixed-rate options
Adjustable-rate (ARM) options
Interest-only options may be available
Jumbo Refinance
Refinance Your Jumbo Mortgage
Optimize your existing jumbo mortgage with a rate and term refinance, or access your home equity with a jumbo cash-out refinance. Consolidate debt, fund renovations, or restructure your loan for better terms.
Your new jumbo loan pays off your existing mortgage. If you borrow more than what you owe, you receive the difference as cash at closing:
Home Value: $1,200,000 Current Loan: $700,000 Max LTV (80%): $960,000 Available Cash: up to $260,000
Considering an ARM? A jumbo ARM may offer a lower initial rate if you plan to sell or refinance before the adjustment period begins.
Jumbo Purchase
Buy Your Luxury Home
When your dream home exceeds conforming loan limits, a jumbo purchase loan provides the financing power you need. Available for primary residences, second homes, and investment properties, with terms reviewed for your file.
Finance loans above your county’s conforming limit
With a jumbo loan, you can purchase high-value properties that conforming loans can't reach. On a $1,250,000 home with 20% down:
Home Price: $1,250,000 Down Payment (20%): $250,000 Loan Amount: $1,000,000 PMI: none with 20% down
Explore all purchase options including VA, FHA, Conventional, and DPA programs in our Purchase Hub →
Jumbo Loan Costs
Understanding Jumbo Loan Costs
Jumbo loans have no government insurance fees. Down payment, mortgage insurance and pricing depend on the lender, the program and your scenario.
Scenario
Down Payment
PMI
Purchase (Primary)
Set by the lender
Depends on the down payment
Purchase (2nd Home)
Set by the lender
Depends on the down payment
Purchase (Investment)
Set by the lender
Depends on the program
Rate & Term Refinance
—
Based on LTV
Cash-Out Refinance
—
Based on LTV
No Government Fees
Unlike FHA and VA loans, jumbo loans have no upfront mortgage insurance premiums or funding fees. Your only insurance-related cost is PMI if your down payment is less than 20% — and PMI can be removed once you reach 20% equity.
✓ No VA funding fee
✓ No FHA upfront MIP (1.75%)
✓ PMI removable at 20% equity (unlike FHA MIP which is for life of loan)
Note: Closing costs typically range from 2–5% of the loan amount and include origination fee, appraisal, title insurance, and recording fees.
Loan Comparison
Jumbo vs. Conventional
See how jumbo loans compare to conforming conventional loans for high-value properties.
Jumbo Loan
Conventional
Loan Amount
Above your county’s conforming limit
Up to your county’s limit ($832,750 in most counties; up to $1,249,125 in high-cost areas)
Min. Down Payment
Set by the lender; generally larger
3–5%
Min. Credit Score
Set by the lender; generally higher
620+
PMI
None at 20%+ down
Required <20% down
Max DTI
Set by the lender
43–50%
ARM Options
✓ Available
Available
Interest-Only
✓ Available
✗ Rare
Cash-Out Refi
LTV limit set by the lender
Up to 80% LTV
Reserve Req.
Reviewed for your file; generally more
Varies by loan
Property Types
Primary, 2nd, Investment
Primary, 2nd, Investment
Rates, terms, and requirements vary by lender, property type, and borrower qualifications. Subject to credit approval.
Payment Calculator
Estimate Your Jumbo Loan Payment
Toggle between Refinance and Purchase to see your estimated monthly payment. No PMI with 20%+ equity or down payment.
Estimates only. Actual rates and payments will vary based on credit, income, and property. Subject to credit approval.
The Process
Your Jumbo Loan Journey
From application to closing, here's what to expect at every step.
1
Get Pre-Qualified
1–2 Days
Complete a quick application with Texana Bank. We'll run a soft credit check (won't affect your score), review your financial profile including income, assets, and reserves, and provide a clear pre-qualification amount.
2
Rate Lock & Property Review
Varies
For purchases: shop with confidence knowing your budget. For refinances: we lock your rate. We order the appraisal — high-value properties may require two appraisals for additional assurance.
3
Processing & Underwriting
14–30 Days
Our team verifies your income, assets, and reserves, reviews the appraisal, and completes thorough underwriting. Jumbo underwriting is more detailed than conforming — we keep you updated every step.
4
Closing
1 Day
Sign your final documents, get the keys to your new home, or start saving with your refinanced mortgage. Our team ensures a smooth closing experience for your high-value transaction.
Frequently Asked Questions
Jumbo Loan FAQs
Answers to the most common questions about jumbo purchase loans, jumbo refinances, eligibility, rates, and costs.
No. Texana Bank Mortgage uses a soft credit inquiry for pre-qualification, which has absolutely no impact on your credit score. You can check your rate, explore loan options, and get pre-approved without any effect on your credit. A hard inquiry only occurs later if you formally move forward with a full application.
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). For 2026, the standard one-unit conforming limit is $832,750 (higher in designated high-cost areas, up to $1,249,125; Alaska, Hawaii, Guam and the U.S. Virgin Islands have separate, higher figures). A loan above the limit for the property’s county and unit count is jumbo. Jumbo loans are used to finance luxury homes and high-value properties that exceed these limits. They are not backed by Fannie Mae or Freddie Mac.
The 2026 conforming loan limit is $832,750 for most areas in the United States. High-cost counties have higher limits, up to $1,249,125 for one unit; Alaska, Hawaii, Guam and the U.S. Virgin Islands have separate, higher figures. A loan above your county’s limit is a jumbo loan, while a loan above $832,750 that stays within a high-cost county’s limit is a high-balance conforming loan. Two- to four-unit properties have higher limits.
Jumbo credit requirements are set by the lender and its investor and are generally stricter than for conforming loans. Texana reviews your credit history and score together with your reserves, debt ratios and down payment. Ask for the requirement for your scenario in writing before you rely on a number.
Jumbo down payment requirements are set by the lender and its investor and are generally larger than for conforming loans. They also differ for a primary residence, a second home and an investment property. A larger down payment can reduce or remove private mortgage insurance, which protects the lender (CFPB). Texana reviews the requirement for your file.
Jumbo rates have historically been slightly higher than conforming rates, but the gap has narrowed significantly. In many market conditions, jumbo rates are competitive with or even lower than conforming rates. The exact rate depends on your credit score, down payment, property type, and loan amount.
Yes. Jumbo refinance options include rate and term refinance to improve your rate or change your loan term, and cash-out refinance to access your home equity. You can refinance from one jumbo to another, or from a conforming loan to a jumbo if your home has appreciated above conforming limits.
Yes. Jumbo cash-out refinances typically allow you to borrow up to 80% of your home's appraised value. For example, on a $1.5 million home, you could potentially access up to $1.2 million total, receiving the difference between your new loan and existing balance as cash for any purpose.
PMI is not required if you put 20% or more down on a jumbo loan. If you put less than 20% down, PMI will typically be required but can be removed once you reach 20% equity. Some jumbo programs offer lender-paid PMI options with a slightly higher interest rate.
Jumbo lenders commonly require cash reserves after closing, and the amount depends on the program, the property and your file. Checking, savings, investment and some retirement assets may count, sometimes at a reduced value. Texana reviews the reserve requirement for your file.
Yes, second homes and vacation properties can be financed with a jumbo loan. Down payment and reserve requirements are set by the lender and differ from a primary residence, and the property must meet the program’s occupancy and use rules. Texana reviews the requirements for your file.
Yes, investment properties can be financed with a jumbo loan, including single-family rentals, condos and multi-unit properties, depending on the program. Down payment, reserve and rental-income rules are set by the lender and are generally stricter than for a primary residence. Texana reviews the requirements for your file.
A jumbo ARM (adjustable-rate mortgage) has a fixed interest rate for an initial period before it adjusts. The initial period, adjustment schedule and caps depend on the program. Whether an ARM costs less than a fixed rate depends on the market and your scenario, so compare the full terms before you choose.
Jumbo lenders limit your debt-to-income (DTI) ratio, and the limit depends on the program and investor. Strong credit, reserves or a larger down payment can help in some cases. DTI limits are generally stricter than for some conventional programs. Texana reviews your debts and income for your file.
Yes. A jumbo cash-out refinance allows you to access your home equity to consolidate high-interest debts. You can pay off credit cards, auto loans, personal loans, and other debts — replacing multiple payments with a single, potentially lower mortgage payment.
Some jumbo programs offer interest-only payment options. If one is available, you pay only interest for an initial period, and payments increase when that period ends to include principal and interest. Availability and terms depend on the program and your file.
Jumbo loans require thorough documentation including 2 years of tax returns, 2 years of W-2s or 1099s, 60 days of bank statements, 2 recent pay stubs, investment and retirement account statements, and a list of all debts and assets. Self-employed borrowers may need additional documentation such as profit and loss statements.
Jumbo loans typically take 30–45 days to close, slightly longer than conforming loans due to more thorough underwriting requirements. Some high-value properties may require two appraisals, which can add time. Working with an experienced jumbo lender like Texana Bank can help streamline the process.
Possibly, but waiting periods apply and are generally longer than with government-backed loans. The required wait depends on the type of bankruptcy and the lender’s guidelines, and you will need to show re-established credit, stable income and sufficient reserves. Texana reviews your history for your file.
The maximum jumbo loan amount depends on the borrower’s qualifications, the property type and its location. Larger loan amounts can carry additional requirements, such as stronger credit, a larger down payment or more reserves. Texana reviews the amount for your file.
Texana Bank helped me with the purchase of my third home, and honestly, the experience was the smoothest of all three home purchases. I only worked with Lynette, but she was friendly, helpful, and courteous at all times. She was extremely patient with me, and she took time to answer all my questions. Even more impressive is that the bank worked with me through a challenging employment situation. Never once was I made to feel bad about asking questions, and Lynette's responses were lightning fast. This was one of the best experiences I have ever had with any company, bar none. I highly recommend Texana Bank to anyone.
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Mikayla Irwin
★★★★★
Lynette Heck is the best to work with. No matter what we needed, she was on top of it and thinking of things way before we needed it! We really appreciate everything she did for us!
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Mark Sherrard
★★★★★
Overdue but thanks again Adam, I appreciate you going above and beyond to make sure my family got our dream home. 10 stars.
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Carson Romero
★★★★★
My experience with Lynette was the best and easiest experience it could’ve possibly been when being a first time home buyer. She’s very kind, communicative, reliable, and so much more! It made the whole process that much less stressful and overwhelming. So blessed to have had her on my side!
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Zane Atkins
★★★★★
Parker McMahan has helped us with 3 mortgages and a refi in part few years. Always great service-always honest advice. Texana will be my “go to” for mortgage advice and activity from here on. They are also great in the area of VA home loans.
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Gary McDay
★★★★★
I had an excellent experience working with my texana bank mortgage from start to finish. They were extremely professional, knowledgeable, responsive, and made the entire mortgage process feel much easier than I expected.
They took the time to explain everything clearly, answered all of my questions, and kept me informed throughout the entire process. I always felt like I had someone in my corner who genuinely cared about helping me reach my goals.
If you’re looking for a mortgage broker who is trustworthy, dependable, and willing to go the extra mile for their clients, I highly recommend them. I truly appreciate all of their hard work and would definitely work with them again!
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Kent Sisco
★★★★★
Adam McCormick is fantastic! Easy to work with and keep me informed every step of the way! Looking forward to working with him again in the future
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Andrea Ferrell
★★★★★
Adam was phenomenal from start to finish! He was friendly and professional. He assisted me every step of the way, walking me through the process with ease. He was always there for whatever questions I had. He was very, very patient and always reached out to me in a timely manner if I contacted him and he was unavailable at the time. Moreover, he made me feel as if he cared for more than just my loan, but me as a person!!! Texana is blessed to have him as an associate!!
Andrea
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Clay Ragsdale
★★★★★
Where to really start. Adam walked me through everything and put me at ease. I have had some bad experiences with other companies so I was digging and looking for any red flag. There was none with him and his direct talk is what did it for me. Someone that is real and just says what it is. No false hope or misdirection at anytime.
I would recommend him to anyone and definitely Someone looking for honesty and caring. The communication is top notch and a true professional.
Respectfully,
Clay
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Belvia Lynn
★★★★★
My overall experience while working with Adam McCormick was excellent. He was very pleasant and professional.
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Joseph Hardman
★★★★★
Adam McCormick is an absolute professional in every sense of the word. I will NEVER use any other loan officer for my financials other than Adam as long as he is in the business. His work as my loan officer was exceptional. Throughout the process, he always responded to an e-mail, responded to a text, called right back if not answering immediately. He always made you feel as though you were his only client. There was never the impression he had more important things to do other than speak with you. He worked with us through a death in the family, personal issues, and numerous other challenges. It's possible other loan officers would have given up on us during this process, but Adam stuck with us through it all. His work ethic is amazing. He is an expert in his craft. I could not possibly give a higher recommendation, he has redefined what right looks like in this business.
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Marsha Kessler-Bradshaw
★★★★★
I was about to go with another company for this refinance no cash out until I received a call from this Adam McCormick. He was so knowledgeable and made me feel very comfortable with this process. Adam is knowledgeable ,courteous, understanding and has a real passion and patience for people. 👍We are at the closing. Thank you Adam McCormick!!
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Peter Jenkins
★★★★★
My situation had its difficulties. Justin was confident and persistent through the process and we the got the result
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Dale Samuel
★★★★★
Mark has been very professional and has been very respectful to my wife and myself.
Mark has shown that genuine human qualities and really worked with us and for us.
This actually been a pleasure to get to know Mark.
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James Fields
★★★★★
Outstanding Service and support from a truly Customer Oriented Agent! My pleasure to have worked with Mr. MCcormick.! Would follow him to next source if necessary. He is concerned in an outstanding balanced way. My pleasure to?know and do Business with him and The Bank!
JFields
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Rose Stone-Stewart
★★★★★
Texana Bank was there for us throughout the entire process. Their personableness, as well, their professionalism. As a financial institution it was nice to know that while obtaining a loan, we had a safe place to relay. They are absolutely “by the book” and at the same time makes the process easier to participate. The hospitality and genuine concern as clients was overwhelming of which we will always consider Texana Bank first, before mostly any other financial institution.
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Mitchell Morris
★★★★★
Greg was awesome and the process was simple. I have nothing but the highest praise for the process and for Greg himself. Thank you.
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Ronald Bylsma
★★★★★
Best refi experience of our lives, Andre was very knowledgeable and always kept us calm when things got stressful. Would recommend Mr. Andre Floyd to anyone looking for a great lending officer!
Ready to Finance Your Dream Home?
Whether you're purchasing a luxury property or refinancing to optimize your jumbo mortgage, our specialists are here to help.
