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AD Power Jumbo

Min. Credit Score 660 Min. 10% Down Payment

AAD Power Jumbo is a financing option for homebuyers looking to purchase luxury properties and homes that fall outside of standard loan guidelines. It's a solution for those who cannot qualify for an agency loan due to the high price of their home.

Program features
  • Loan amounts up to $3.5 million
  • Debt-to-income (DTI) ratio up to 50%
  • No Mortgage Insurance MI required
  • Minimum 20% down payment
  • No max cash-out limits
Why choose our Power Jumbo?
  • First-time homebuyers allowed
  • Follow DU/LPA for income and credit events
  • Up to 89.99% CLTV
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Program details

Loan amounts up to $3.5 million
Debt-to-income (DTI) ratio up to 50%
No Mortgage Insurance MI required
No max cash-out limits
First-time homebuyers allowed
Max DTI up to 45% for $3.5-$5 million loans; up to 50% or max allowed by AUS for $3.5 million and under
Loan amounts $2 million and under: 1 appraisal; >$2 million: 2 appraisals
Foreclosure & bankruptcy as per DU/LPA
At least 7 years after the credit event allowed
Single-family residence, PUD, warrantable condominium, 2-4 units
ARM 5/6, 7/6, and 10/6; Fixed 15, 20, 30 years; greater of fully indexed rate or note rate
Max loan amount $5,000,000 with Min. FICO 740 for Purchase/R&T
US Citizens. Permanent Residents with a valid Social Security Number, Inter vivos (Revocable) Trusts
Minimum reserves 12 months
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AD Power Jumbo FAQ

What is a Jumbo loan?

Power Jumbo loans are mortgages specifically designed for high-value properties. Conventional loans top out between $832,750 and $1,249,125 depending on the county. If your client needs a mortgage for something more expensive than Conventional loans can cover, they need a Power Jumbo loan.

Why should I consider a Jumbo loan?

There are many reasons why your borrowers might consider a Power Jumbo loan, such as

  • They are shopping for higher-priced properties.
  • They have good credit, consistent income, and little debt.
  • They are a high-income earner with additional assets.
  • They are looking to buy an investment property.
How do I qualify for a AD Power Jumbo loan?

To qualify for a AD Power Jumbo loan, you must have a minimum credit score of 660. Debt-to-income ratio requirements vary depending on the value of the home. You will also need to demonstrate a strong financial history. This means that when you apply, you will need copies of your bank statements and investment accounts. You will also need to provide a full tax return for the most recent year and other income and tax documents such as 1099s and W2s. Having a large amount of cash on hand may also improve your chances of qualifying for a AD Power Jumbo loan.

What is the difference between a Power Jumbo loan and a Conforming loan?

Each type of mortgage has a limit on how much someone can borrow for a particular property. Conventional loans, also called conforming loans, max out at a little over $832,750 in most areas. Power Jumbo loans have much higher limits and are designed for high-value properties.
AD Power Jumbo loans have stricter qualification requirements than Conforming loans, but AD has flexibility.

What are the limits on a Power Jumbo loan?

The maximum loan amount on AD Power Jumbo Loan is as high as $2.5 million.

What are the interest rates on a Power Jumbo loan?

Power Jumbo loan rates are competitive with Conventional loan rates. The interest rate will vary based on each borrower’s unique financial situation, the location and the type of property.

If I am a first-time homebuyer, can I get a Power Jumbo loan?

Yes. A first-time homebuyer is eligible with no limitations on programs and loan amount. Minimum reserves 12 months.

What types of homes can be purchased with a Power Jumbo loan?

Applicants can use a Power Jumbo loan to purchase a variety of property types, including primary and secondary residences.

What is a Power Jumbo loan good for?

Great for needing a fast, easy underwrite on a Jumbo loan.

Ready to get started?

Write to us, we will contact you within 30 minutes.
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#Yes to high-net-worth-individuals

Conventional High Balance

Min. Credit Score 620 Min. 3% Down Payment
  • Loan amounts up to $1,209,750
  • Debt-to-income (DTI) ratio up to 50%
  • Primary, secondary homes, and investment
  • Minimum 3% down payment

FHA High Balance

Min. Credit Score 640 Min. 3.50% Down Payment
  • Loan amounts up to $1,209,750
  • Debt-to-income (DTI) ratio as per AUS
  • Primary residence
  • Minimum 3.50% down payment