Best for: Loan amounts above county limits
Once your loan exceeds the conforming limit for the county, you are in jumbo territory where every lender writes its own rules. Pricing spreads between lenders are wider here than anywhere else in lending.
Jumbo loans are portfolio products, so each lender prices to its own appetite. Two quotes on the same file can differ by a substantial amount in total cost. As a broker I can put the same file in front of several jumbo desks in the same week.
Expect full income documentation, two appraisals on some larger loans, and cash reserves after closing. Self-employed borrowers often do better with bank-statement or asset-based programs than with tax-return underwriting.
Ranches, vineyards and multi-parcel estates need a lender comfortable with the appraisal. Choosing the wrong desk wastes weeks and an appraisal fee.
No credit pull to start, no sales pressure, and a real quote you can compare line by line against any bank or big lender.