Austin's appreciation and San Antonio's growth have pushed more buyers into jumbo territory. We structure jumbo loans that work for high-income borrowers at every stage.
In 2024, the conforming loan limit in most Texas counties is $766,550. Any loan above that threshold is a jumbo mortgage — and in Austin, where median home prices in established neighborhoods regularly exceed $800,000 and where tech-sector professionals are buying in the $900,000–$2 million range, jumbo financing is a daily reality. Jumbo loans require a stronger qualification profile: higher credit scores, significant reserves, lower debt-to-income ratios, and larger down payments. But for borrowers who meet these standards, jumbo rates can be genuinely competitive — sometimes within 0.25% of conforming rates. Rodolfo works with multiple jumbo investors and can structure jumbo loans for primary residences, second homes, and investment properties across Texas's premium markets.
High-income buyers in Austin's tech corridor, San Antonio's luxury market, and established suburban communities where homes regularly exceed conforming loan limits. Also works for self-employed executives needing bank statement jumbo options.
Jumbo rates vary by profile — strong borrowers (760+ credit, 20%+ down, 12 months reserves) may see rates within 0.125–0.375% of conforming. Weaker profiles or lower down payments increase the spread. Reserve and down payment requirements often surprise first-time jumbo borrowers.
30–45 days for jumbo loans. Complex income or high-value appraisal situations may extend to 45–60 days.
General guidelines — your specific situation may vary. Contact me for an exact assessment.
Minimum credit score of 680 (best programs at 740+)
Loan amount exceeding $766,550 for most Texas counties
Down payment of 10–20%+ depending on program and loan amount
Maximum DTI of 43–45% for most programs (lower is better for jumbo)
Reserves of 12–24 months PITI required for most programs
Full income documentation typically required (W-2, tax returns, and/or bank statements)
From first conversation to keys in hand — here's what to expect.
Each Texas market is different. Here's how Jumbo Loans works specifically in each area we serve.
While most RGV buyers stay well below the conforming loan limit, there is a growing luxury market in McAllen, Mission, a...
View RGV Details →San Antonio's luxury market is concentrated in Alamo Heights, Terrell Hills, Olmos Park, Stone Oak, and the Hill Country...
View SA Details →Austin's median home price sits around $550,000 — and the luxury market starts significantly above that. Westlake, Barto...
View ATX Details →Real questions I get asked all the time — answered directly.
For most Texas counties in 2024, the conforming loan limit is $766,550 for a single-family home. Any loan amount above that is a jumbo. In Travis County (Austin), the conforming limit is the same standard limit — unlike some California or East Coast high-cost designations. So a $900,000 Austin home with 10% down ($810,000 loan) is clearly in jumbo territory. A $900,000 home with 20% down ($720,000 loan) remains conforming.
Yes — several jumbo programs allow 10–15% down without PMI through portfolio lending structures. These typically require 740+ credit, significant reserves, and income well above the qualifying threshold. For a $900,000 purchase, 10% down means a $810,000 jumbo loan — a program available for the right borrower. The trade-off is that interest rates at 10% down are typically 0.25–0.375% higher than the same loan at 20% down.
Reserves are liquid assets (not real estate equity or retirement accounts that can't be accessed penalty-free) that you hold after closing. Most jumbo programs require 12–24 months of PITI reserves. On a $900,000 loan with a $5,500/month PITI, that's $66,000–$132,000 that must remain in accessible accounts post-closing. This is separate from your down payment. High-income tech professionals in Austin who invest heavily in 401k or illiquid assets sometimes need to restructure their account mix before closing.
Yes, with specific documentation. Vested RSUs are treated as stock assets and count toward reserves at their current market value. Regular RSU vesting that has occurred for 2+ years can often be included as income, especially if documented through pay stubs and likely to continue. Stock options depend on their type and vesting status. We work through tech-sector compensation packages regularly — bring your compensation letter and equity grant schedule and we will model exactly what qualifies.
Yes, but the requirements are more demanding: 25–35% down, 720+ credit, extensive reserves across your portfolio, and full income documentation or DSCR verification. For high-performing Austin rental properties or Airbnb operations near downtown, a jumbo DSCR loan may be the right approach — qualifying on property income without personal income documentation. We evaluate which structure — full documentation or DSCR — produces the better outcome for your specific investment.
Start reserve planning 6 months early — move funds into accessible accounts before applying
Run a credit audit: jumbo underwriters scrutinize credit depth, not just score
If you have RSUs or stock options, bring compensation documents to the first meeting
In competitive Austin markets, consider an appraisal contingency waiver with evidence of recent comps
Model interest-only vs. fully amortizing — for high earners who invest aggressively, interest-only preserves capital effectively
Free consultation. I'll tell you exactly what you qualify for and what your real monthly payment will be. Pre-approval in 24 hours.
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