Jumbo Loans
Above conforming limits for Portland's premium properties — competitive rates even at $1M+.
Overview
Jumbo loans exceed the conforming loan limits set by the Federal Housing Finance Agency. In the Portland metro area, any mortgage above the conforming limit requires a jumbo loan. These are common for buyers in neighborhoods like Dunthorpe, Lake Oswego, West Hills, and the Pearl District where home prices regularly exceed conforming limits.
Who It's For
How It Works
Financial Review
Jumbo qualification requires thorough financial documentation. We review everything upfront to avoid surprises.
Lender Matching
Not all lenders offer competitive jumbo products. We match you with the best jumbo lender for your profile.
Underwriting
Jumbo underwriting is more detailed. We prepare your file meticulously to ensure smooth approval.
Close
Closing on a jumbo loan follows the same process — just bigger numbers.
Requirements
These are general guidelines, not a quote or commitment to lend. Actual terms depend on credit approval, income, and underwriting — not all applicants will qualify, and programs and requirements are subject to change without notice. Through Movement Mortgage we have access to additional programs with different requirements. Contact David & Bri for options specific to your situation.
Pros & Cons
Advantages
Considerations
Calculator
Quick estimate
Estimate your monthly payment
Estimated monthly payment
$3,490
30-year fixed at 6.875%
FAQ
3 questions
What is the jumbo loan limit in Portland?
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Any loan above the current conforming limit is considered jumbo. This limit is updated annually by the FHFA. We'll confirm the current limit for your specific county during our initial conversation.
Are jumbo loan rates higher?
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Historically yes, but the gap has narrowed significantly. In some cases, jumbo rates are actually competitive with or even below conforming rates. It depends on your credit profile and down payment.
Can I get a jumbo loan with less than 20% down?
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Some programs allow 10-15% down on jumbo loans, but you'll likely pay a higher rate. With 20%+ down, you get the best rates and avoid any additional costs.
Ready to explore jumbo?
Schedule a complimentary consultation. We'll review your situation and tell you honestly whether this is the right move.