Full-Doc Jumbo
Traditional jumbo financing for W-2 employees, executives, and salaried professionals with clean tax returns. The sharpest pricing on the menu when the file fits — up to 90% LTV on loans to $1.5M, $3M+ at lower LTVs.
Quick answer
- Income source: traditional W-2, paystubs, two years of tax returns. Standard underwriting.
- Loan amount: typically up to $3M; super jumbo treatment above $3M.
- Max LTV: 90% up to ~$1.5M; 80% up to $2M; 75% up to $3M (program- and FICO-dependent).
- Min FICO: 660 floor on most programs; 700–720 for higher LTV.
- Reserves: 6 months PITIA at standard amounts; 9–12 months for ≥$2M; 12–18 months for super jumbo.
- DTI maximum: 43%, occasionally to 50% on strong files.
- Property: primary, second home, 1–4 unit. Investor-property jumbo is not the focus of this site.
What "Full Doc" means in jumbo
Full documentation jumbo follows the same income- and asset-verification approach as conforming loans, but at a larger loan size and with a private investor's overlay rather than agency guidelines. For a W-2 employee with clean returns, it's the cleanest pricing on the menu.
What we'll need from you
- Two most-recent paystubs.
- Two years of W-2s + two years of personal federal tax returns (all schedules).
- Two months of asset statements (checking, savings, brokerage) — and retirement statements showing reserves.
- Documentation of any large recent deposits.
- If you have a side business taxed as a sole prop / LLC: corresponding business returns + K-1s if applicable.
Where Full Doc Jumbo shines
- You're a W-2 executive with bonus / RSU income that's been consistent for 2+ years. We can include those in qualifying income.
- You have clean tax returns that reflect actual income (not heavily reduced by deductions).
- You want the sharpest pricing. Full Doc usually beats alt-doc on rate when the file fits.
When Full Doc isn't the right fit
- Your tax returns understate real cash flow because of legitimate write-offs → use Bank Statement Jumbo.
- You're recently retired or living on assets → use Asset Utilization.
- You're a physician / dentist / medical resident → use the Medical Professionals program for higher LTV with student-debt accommodations.
LTV / loan amount tiers
Indicative tiers across our jumbo investor pool (your file's specific tier depends on FICO, occupancy, and reserves):
| Loan amount | Max LTV (Primary) | Min FICO | Reserves |
|---|---|---|---|
| ≤ $1,000,000 | 90% | 700 | 6 mo PITIA |
| $1,000,001 – $1,500,000 | 90% (with 720+ FICO) | 700 | 6 mo |
| $1,500,001 – $2,000,000 | 80% | 700 | 9 mo |
| $2,000,001 – $2,500,000 | 80% | 720 | 9 mo |
| $2,500,001 – $3,000,000 | 75% | 720 | 12 mo |
| > $3,000,000 | 70% (super jumbo) | 740 | 12–18 mo |
Indicative across our investor partners. Cash-out, second home, and condo overlays adjust LTV downward by 5–10%.
FAQ
Can I include bonus and RSU income?
Bonus income generally requires a 2-year average. RSU income is treated case-by-case — vested-only, with a 2-year history of vesting, qualifies on most programs. We map it from your offer letter and equity history.
How are recent large deposits handled?
Underwriter will source and document deposits over a threshold (commonly $1,000+ for large unexplained inflows). Bonus / RSU vesting deposits document themselves; gift funds need a gift letter.
Do you offer interest-only?
Yes — IO is widely available on Full Doc Jumbo, typically 10-year IO with 20-year P&I afterward.
Can I close in a revocable trust?
Yes for primary residences on most jumbo programs. Bring trust documents to underwriting.
Will my employment be re-verified at closing?
Yes — most jumbo investors require a verbal verification of employment within 10 days of closing. Standard practice; you don't need to do anything special.
Curious if Full-Doc Jumbo is the right fit?
Bring your numbers — we'll model real pricing in 20 minutes.