While minimum requirements vary, most jumbo loans require credit scores of 700 or higher for the best rates. The Smith Mortgage Group can sometimes work with scores in the 660-680 range with strong compensating factors like substantial assets or large down payments.

Typically 10-20% down payment is required for jumbo loans. However, The Smith Mortgage Group offers portfolio options that may require less down payment for highly qualified borrowers with strong assets and income. Some programs may go as low as 10% for loans under $2M.

Historically, jumbo rates were slightly higher than conventional rates, but this gap has narrowed significantly. The Smith Mortgage Group often secures jumbo rates that are competitive with or even better than conventional rates, especially for well-qualified borrowers.

Yes! The Smith Mortgage Group offers jumbo loans for luxury investment properties and second homes. These typically require higher down payments (20-30%) and stronger financial profiles, but our portfolio lending options provide flexibility for investors building high-value property portfolios.

Jumbo loans typically take 30-45 days due to more extensive underwriting requirements. However, The Smith Mortgage Group's streamlined process and experienced team can often close in as little as 21 days for well-prepared borrowers with straightforward financial profiles.