Super Jumbo (over $3M)
Estate-class jumbo financing — Paradise Valley, Sedona, Carefree, true high-end Scottsdale. Loan amounts above $3M, up to $5M+ standard and higher case-by-case. Deeper underwriter review, but the strongest files clear cleanly.
Quick answer
- Loan size: typically $3,000,000+, up to $5M+ on standard programs; higher amounts case-by-case.
- Max LTV: 70% on most programs at this size; 75% on strongest files.
- Min FICO: 720, often 740+.
- Reserves: 12–18 months PITIA, sometimes more for very large amounts.
- Documentation: Full Doc most common; Bank Statement and Asset Utilization available on many programs but at lower LTV.
- Property: primary or second home; estate-class properties may require additional appraisal review.
What's different about super jumbo
Above $3M, jumbo financing moves from "standard guideline" territory into more curated underwriting. The investor pool shrinks, individual file review intensifies, and overlays accumulate. The good news: the borrowers in this segment are typically high-quality on every other axis — strong FICO, deep reserves, conservative LTV — so files tend to clear cleanly even with more eyes on them.
What we'll need from you
- All the standard Full Doc items (paystubs, W-2, 2 yrs returns) or alt-doc equivalent.
- 2–3 months of asset statements for every account being used for down + reserves.
- Documentation of any large recent asset movements.
- If trust ownership: full trust documents.
- Sometimes: detailed schedule of any complex compensation (carried interest, deferred comp, partnership distributions, etc.).
Property considerations at $3M+
- Field reviews / second appraisals are standard practice for super jumbo. Don't be surprised by the second appraiser visiting.
- Unique properties (true estate parcels, equestrian properties, properties with significant outbuildings) get more scrutiny. Comparable sales can be sparse, which slows the appraisal.
- Condos at this price level sometimes have additional warrantability review.
LTV tiers (indicative)
| Loan amount | Max LTV (Primary) | Min FICO |
|---|---|---|
| $3,000,001 – $3,500,000 | 75% | 720 |
| $3,500,001 – $5,000,000 | 70% | 740 |
| > $5,000,000 | Case-by-case (typically 60–65% LTV) | 740+ |
FAQ
Is super jumbo all Full Doc?
Most are. Bank Statement and Asset Utilization are available at this loan size on certain investor pools, but typically at 5–10% lower max LTV than the Full Doc equivalent.
How long does super jumbo take to close?
Plan for 35–50 days. The deeper underwriter review and field appraisal both extend timing modestly.
Can I do interest-only at super jumbo?
Yes, widely available. 10-year IO with 20-year P&I is the typical structure.
Do you finance Sedona estates and ranches?
Yes — Sedona, Carefree, Cave Creek, Paradise Valley estate properties are routine. Expect more appraisal scrutiny on properties with significant acreage or unique features.
Cash-out at super jumbo?
Yes — cash-out refinance is available, typically with 5–10% lower max LTV than purchase.
Curious if Super Jumbo (over $3M) is the right fit?
Bring your numbers — we'll model real pricing in 20 minutes.