Traditional Jumbo Financing
Jumbo financing for high-income executives, salaried professionals, and W-2 borrowers whose tax returns clearly reflect their income. The sharpest pricing on our menu when the file fits — built for clean income stories at significant loan sizes.
Who Traditional Jumbo is built for
Traditional Jumbo is the right choice when your income picture is straightforward, well-documented, and clearly reflected on your tax returns. The cleanest path to the sharpest pricing.
- W-2 executives with consistent base salary, bonus, and equity compensation
- Salaried professionals at major Phoenix-area employers
- Out-of-state professionals relocating to Arizona with clean income history
- High earners whose tax returns clearly reflect their real income
- Borrowers who want the sharpest available jumbo rate
What makes Traditional Jumbo different from conforming?
Traditional Jumbo uses the same income- and asset-documentation approach as a standard conforming mortgage, just at a much larger loan size and through specialized jumbo underwriting rather than standard agency guidelines. For a high-income W-2 borrower with clean returns, it's the most efficient path — and typically the most competitively priced.
A real Arizona scenario
A Microsoft engineering director recently relocated from Seattle to Arcadia, targeting a $2.1M purchase. Combined base, bonus, and RSU vesting cleared $720,000 a year on a clean two-year history. We closed at 80% loan-to-value in 28 days using straight W-2 documentation. No alternative documentation needed; the file fit beautifully.
What we'll need from you
- Two most-recent paystubs.
- Two years of W-2s and two years of personal federal tax returns with all schedules.
- Two months of asset statements — checking, savings, brokerage — plus retirement statements showing reserves.
- Documentation of any large recent deposits.
- If you have a side business: corresponding business returns and K-1s if applicable.
When Traditional Jumbo isn't the right fit
- Your tax returns understate real cash flow because of legitimate write-offs → see Bank Statement Jumbo.
- You're recently retired or living primarily on portfolio distributions → see Asset-Based Qualifying.
- You're a physician, dentist, or medical resident → see the Doctor Jumbo Program for up to 100% financing with student-debt accommodations.
Typical program guidelines
Final eligibility depends on credit, leverage, occupancy, reserves, and property type — and Cornerstone's jumbo program guideliness each have their own overlays. We'll model your specific situation on the call. For reference, here are the typical ranges.
Typical loan-amount and leverage ranges (click to expand)
| Loan amount | Typical max leverage (Primary) | Notes |
|---|---|---|
| Up to $1M | 90% | Most accessible tier |
| $1M – $1.5M | 90% with strong credit | Standard high-tier |
| $1.5M – $2M | 80% | Stronger reserves expected |
| $2M – $3M | 75–80% | Deeper underwriter review |
| Above $3M | 70% (super jumbo) | See Super Jumbo |
Indicative only. Cash-out, second-home, and condo overlays typically adjust available leverage. Pricing and credit-floor expectations vary by program guidelines.
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 Traditional Jumbo is the right fit?
Bring your purchase target, income, and down-payment availability. We'll model real pricing in 20 minutes.