Jumbo loan
Financing above conforming limits, underwritten in Boston
Portfolio and investor jumbo loans for Back Bay condos, Brookline colonials and Cape Cod second homes.
Jumbo loan: how it works
A jumbo loan is any mortgage larger than the conforming limit. In Greater Boston, where the median single-family price in towns like Newton, Wellesley and Lexington is well above $1.5 million, jumbo financing is simply how many families buy.
Because jumbo loans cannot be sold to Fannie Mae or Freddie Mac, guidelines come from investors or our own portfolio. That means we can structure around complex income, such as RSUs, partnership K-1s or physician contracts, in ways a conforming loan cannot.
We offer jumbo loans up to $3.5 million with as little as 10% down and no mortgage insurance, plus interest-only and adjustable options for buyers who expect income to grow.
What's included with Harborview
- 30-year fixed and 5, 7 and 10-year ARMs
- Interest-only options for qualified borrowers
- RSU, bonus and K-1 income considered
- Second homes on the Cape and islands
- Bridge-to-purchase coordination
- Relationship pricing for large deposits
The process, step by step
Your loan officer stays with you the whole way, and you get status updates by text at every milestone.
Strategy call
We map income, assets and timing, including any sale of your current home.
Full underwriting upfront
Your file is underwritten before you offer, so your approval reads like cash.
Appraisal review
One or two appraisals depending on loan size, reviewed in-house.
Close on your timeline
Rate locks up to 90 days for longer closings.
Benefits worth knowing
No mortgage insurance
Even with 10% down, there is no PMI on our jumbo products.
Complex income, understood
Underwriters who read equity compensation and business returns every day.
Competitive offers
A fully underwritten approval lets you compete with cash buyers.
Qualifying guidelines
General guidelines only. Exceptions and overlays apply, and your loan officer will review your situation.
| Factor | Guideline |
|---|---|
| Credit score | 700 minimum, 740+ for 10% down |
| Debt-to-income | Up to 43% |
| Reserves | 6 to 18 months depending on loan size |
| Down payment | 10% to 20% depending on loan amount |
| Appraisals | Second appraisal above $2M |
Related programs
Buy a homeConventional loan
Fannie Mae and Freddie Mac loans with as little as 3% down and mortgage insurance that drops off as you build equity.
Learn more
Use your equityCash-out refinance
Refinance for more than you owe and take the difference for renovations, tuition or paying off high-interest debt.
Learn more
RefinanceRate-and-term refinance
Replace your current mortgage with one that fits where you are now, with a break-even analysis before you commit.
Learn more
Jumbo questions
More answers in our full FAQ.
Not always. Jumbo rates are often within a quarter point of conforming rates and sometimes lower for strong borrowers.
Yes, generally with a two-year vesting history and evidence that future vesting will continue. We average it conservatively.
Not up to $1.5 million. We offer 10% down jumbo options without mortgage insurance for well-qualified buyers.
Ready to see your Jumbo numbers?
A pre-approval takes about 10 minutes online and does not affect your credit score. A local loan officer follows up the same day.
- Soft credit check
- 24-day average close
- 4.9 from 1,284 reviews
