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Jumbo Loans: Financing Your Dream Home with Greg Pilling!

Greg Pilling • December 9, 2024

If you’re looking to buy big, jumbo loans are the way to go. These specialized loans allow you to finance homes that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. Let’s dive in and learn what jumbo loans are, how they work and why they might be for you.


What is a Jumbo Loan?

A jumbo loan is a mortgage that finances properties that exceed the conforming loan limits in your area. Jumbo loans are used for luxury homes, investment properties or homes in competitive real estate markets.


Why Jumbo Loans?

  • Higher Loan Limits
    Jumbo loans allow you to finance homes that are outside the conventional mortgage range.
  • Competitive Rates
    Jumbo loans used to have higher rates, but today’s market is competitive, and rates are often the same as conforming loans.
  • Flexible Terms
    Jumbo loans have various term options, fixed and adjustable, so you can choose what works for you.


Who’s a Jumbo Loan For?

  • Buyers in high-cost real estate markets.
  • Those buying luxury or multi-million-dollar properties.
  • Borrowers with excellent credit and strong financials.


What Do You Need?

To qualify for a jumbo loan, you’ll need:

  1. Good Credit: 700+.
  2. Low Debt-to-Income (DTI) Ratio: Below 43%.
  3. Larger Down Payment: 10-20% or more.
  4. Reserves: Lenders may require several months of cash reserves.


Why Greg Pilling and Current Mortgage?

At Current Mortgage we know financing a luxury home requires a custom approach. With over 10 years in the mortgage industry I specialize in jumbo loans and provide one on one service to make sure you get the right loan for your dream property. My team will make the process simple, efficient and stress free so you can focus on finding your perfect home.


Ready to get started? Contact me today and we’ll make your dream home a reality.

greg pilling in a suit and tie is standing in front of a house.

Brokers vs. Banks: Which should YOU choose for your mortgage?

By Greg Pilling • March 28, 2025
When you're shopping for a mortgage, your first instinct might be to call your bank. That's a safe choice—until you realize it's also a limiting one. At Current Mortgage, we're independent mortgage brokers. That means we can give you access to more choices, better rates and a truly personalized loan experience. That's because we work on your behalf—not for any one lender. We shop your loan across a wide range of lenders to find the program, rate and terms that work best for you. Banks, on the other hand, can only offer their own products. If you don't fit their criteria, you might be denied—or end up with a loan that just isn't your best option.
greg pilling in a suit and tie stands in front of a model house

What are Non-QM loans? Greg Pilling explains!

By Greg Pilling • March 28, 2025
Ever been told you “Don’t fit the mold” when applying for a mortgage? A non-QM loan might be just what you need. At Current Mortgage, we believe great borrowers don’t always come with cookie-cutter financial profiles. That’s where Non-QM (Non-Qualified Mortgage) loans come in. These loan options are for people who may not meet the traditional income, credit or employment standards of conventional lenders—but who still deserve to own or invest in a home.
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