A Jumbo Loan For Your Duplex
Buy, refinance, or take cash out on a two-unit home above the conforming limit. At least one program lends up to $3,000,000 on a duplex.*
One jumbo loan for both units.
Live in one side and rent the other, or hold both units as a rental.
- Two-unit homes are eligible; at least one program excludes 3 and 4 units*
- Primary residence or investment property, but not a second home
- Up to $1,500,000 on a duplex at one program, and up to $3,000,000 at others*
- A small residential income property appraisal (Form 1025) is required
- Rental income can count on purchases and refinances at least one program*
- Full documentation, or 12 months of personal or business bank statements at one program*
Up to $3,000,000* on two units
Buy, refinance, or cash out on a duplex
Primary home or rental, not a second home
Full doc or 12 months of bank statements*
Rent from the other unit can count*
Fixed rate on two-unit homes*
What Is The Saxton Jumbo Two-Unit Loan?
A jumbo mortgage written for duplexes, with its own limits and paperwork.
The Saxton Jumbo Two-Unit Loan finances a two-unit home when the loan amount is above the conforming limit. At least one program caps a duplex at $1,500,000, while others go up to $3,000,000 with a 700 or 740 score, so the program depends on your loan size.*
Duplex loans follow rules a single-family jumbo does not. The appraiser completes a small residential income property report (Form 1025), at least one program also orders a field review, and second homes must be one unit. At least one program accepts attached two-unit homes only.
Use it to buy, refinance, or take cash out on a duplex you live in or rent out. For cash out, at least one program requires six months of ownership first, and several programs cap cash in hand at $500,000.*
Why choose the Saxton Jumbo Two-Unit Loan?
Built for duplex owners and buyers whose loan is above the conforming limit.
Up To $3M On Two Units
At least one program lends up to $3,000,000 on a two-unit home with a 700 score, and another asks for a 740 score at that size.*
Live In One Unit
A duplex can be your primary residence while the second unit is rented. At least one program lets that rent count on purchases and refinances.*
Or Rent Out Both
At least one program finances a duplex held as an investment property. Cash out on a rental needs a short signed statement of how the funds will be used.*
Not For Second Homes
Second homes must be one unit on the jumbo programs we checked, so a duplex has to be your primary residence or an investment property.
Plan For Reserves
Expect to show savings left after closing. At least one program asks for 12 months of reserves on a two-unit primary home with a 700 score.*
Bank Statements Can Work
Self-employed? At least one program accepts 12 months of personal or business bank statements on 2 to 4 unit homes.*
Hear From Homeowners Like You
Frequently Asked Questions
Answers to the duplex questions we hear most.
It depends on the program. At least one caps two-unit homes at $1,500,000, and others go up to $3,000,000, with higher scores required at the top.*
No. On the jumbo programs we checked, second homes must be one unit. A duplex can be your primary residence or an investment property.
At least one program allows rental income on both purchases and refinances. If the duplex will be a rental, another program asks that you own a primary residence or document a reasonable current housing expense.
Scores rise with the loan size. One program asks for a 700 score on two units up to $3,000,000, and another asks for 740 at that size.*
A small residential income property appraisal (Form 1025), which reviews the rents as well as the home. At least one program also orders a field review on 2 to 4 unit homes.
It can be. At least one program offers adjustable rates on one-unit homes only, so a duplex is fixed rate there.
Yes, after at least six months of ownership at the programs we checked. Several programs cap cash in hand at $500,000, and at least one allows cash out on a two-unit home up to a $1,500,000 loan amount.*
Find out what you qualify for
Buying, refinancing, or pulling cash from a duplex above the conforming limit? Get a fast, no-obligation pre-qualification and we will match you to the program that fits.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Two-unit loan amounts up to $3,000,000 on at least one program; other programs cap two-unit homes at $1,500,000. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.