A Jumbo mortgage is a mortgage loan in an amount above conventional conforming loan limits. This standard is set by the two governmental-sponsored enterprises Fannie Mae and Freddie Mac, and sets the limit on the maximum value of an individual mortgage they will purchase from a lender. When Freddie Mac and Fannie Mae limits don’t cover the full amount of the loan, it is referred to as a “jumbo mortgage”. The current jumbo mortgage starts at loan amounts greater than $417,000. The average interest rates on jumbo mortgages are typically higher than for conforming mortgages.

Jumbo mortgages are typically considered higher risk mortgages which accounts for the higher interest rates. This is because if a jumbo mortgage loan defaults, it may be harder to sell a luxury residence quickly for full price. Luxury properties are more vulnerable to market highs and lows. This is one of the main reasons lenders prefer to have a higher down payment from jumbo loan seekers. Additionally, two appraisals are often required on properties secured by jumbo loans. 1st Portfolio specializes in providing Jumbo loans to its customers.

We provide the following:

Non QM -program

Alternative-Income-Verification-      AIV

Individual Tax ID Number Loan

Jumbo Loan 90 5/1 ARM No Mortgage Insurance

Fresh Start Financing


the maximum loan amount is per lender , please call for more detail.