Capital Home Mortgage Tacoma

Tacoma Jumbo Home Loans

Jumbo Mortgage Lender Tacoma

Jumbo Home Loans In Tacoma

What is a Jumbo Mortgage?

A jumbo mortgage is a non-conforming home loan exceeding Federal Housing Finance Agency’s (FHFA) federal mortgage limits. These loans are often used to finance high-value homes that are more expensive to purchase with a conventional mortgage. Tacoma, Pierce County, has a conforming loan ceiling of $977,500 for a single-family home in 2023. A loan amount that exceeds this limit must be obtained through a jumbo mortgage.

In a competitive market, jumbo loans can provide greater purchasing power and are frequently utilized to purchase high-end real estate. Jumbo loans have tighter requirements because of the more considerable loan amounts involved.

Advantages and Disadvantages of a Jumbo Loan

Tacoma Jumbo Loans offer various advantages and disadvantages. Here are some of the pros and cons of a Jumbo loan:


  • Higher Loan Limits

Jumbo loans allow borrowers to finance pricey properties that surpass normal loan restrictions.

  • Lower Down Payments

Some jumbo loans offer lower down payments than conventional mortgages, which can benefit buyers of expensive properties.

  • Flexibility

Jumbo loans can be utilized for various purposes, including principal residences, vacation homes, and investment properties.


  • Higher Interest Rates

Jumbo loans feature higher interest rates than conforming loans due to the bigger loan size and lack of insurance eligibility.

  • Strict Credit Requirements

Borrowers often need a higher credit score of 700 – 740, a lower debt-to-income ratio (less than 45%), and the ability to demonstrate significant cash reserves to qualify for a jumbo loan.

  • Harder to Qualify

Due to stringent guidelines and limited availability, jumbo loans are more challenging to qualify for than conforming loans.

  • High Costs

Jumbo loans have higher closing costs, which can affect the overall cost of the mortgage over time. The increased loan amount could also create prospective difficulties when selling the property.

Jumbo loans are appropriate for those with considerable assets and excellent credit who want to buy pricey real estate. These loans, however, have higher interest rates, more onerous restrictions, and potential limitations. As a result, prospective borrowers must carefully consider these issues before deciding on a jumbo loan.

Qualification Requirements of Jumbo Loans

Jumbo Loans generally have more stringent requirements than conventional loans, primarily due to the greater risk of financing more considerable amounts. Here are the fundamental requirements for obtaining a Jumbo Loan in Tacoma, Washington:

  • Credit Score

A higher score is typically required on jumbo loans. Most lenders require a credit score of 720 and above to be eligible for a jumbo mortgage.

  • Down Payment

Jumbo mortgages require a larger down payment than conventional conforming loans. A 10 – 20% down payment is a typical requirement to qualify for a jumbo mortgage.

  • Debt-to-Income (DTI) Ratio

The back-end DTI ratio of less than 45% is preferred for jumbo loans.

  • Cash Reserves

Borrowers must frequently have sufficient liquid assets to cover a year’s mortgage payments.

  • Property Appraisal

An additional appraisal report is often required to determine the value of jumbo loans.

Given the higher risks, jumbo loans are subject to stricter guidelines, unique tax implications, and more significant cash reserves.

Apply for a Tacoma Jumbo Loan 

Capital Home Mortgage may assist you with a jumbo loan if you are looking for a property that exceeds the conforming loan limit. We have complete control over your file, from application to funding. 

To speak with one of our Tacoma Jumbo Loan Experts, call (803) 600-0088 today. We will assist you with the pre-approval process and answer any questions regarding Tacoma Jumbo Loans.

Why Tacoma HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Tacoma Washington Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Tacoma Jumbo Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines
Tacoma Mortgage Programs

Tacoma Home Purchase

Thinking of Buying an Tacoma Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Tacoma renovation home loans

Looking to Rehab an Tacoma Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Tacoma FHA Home Loans

Great for 1st Time Tacoma Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Tacoma VA Home Loans

100% Financing for Tacoma Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Tacoma Conventional Home Loans

Flexibility for Tacoma Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Tacoma Jumbo Home Loans

Tacoma Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Tacoma USDA Home Loans

100% Tacoma Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Tacoma Native American Home Loans

Tacoma HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Tacoma Manufactured Home Loans

Great Alternative Tacoma Housing

Tacoma reverse mortgages

Your Tacoma Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Tacoma Non QM Home Loans

Making Tacoma Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Tacoma One Time Close mortgages

Build Your Tacoma Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Tacoma Refinance Mortgage Loans

Tacoma Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Tacoma Cash-out Home mortgages

Tacoma Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Tacoma Washington Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Native American Lending
Manufactured Housing

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