Jumbo Investment Property Loan
Buying or refinancing a rental that needs a loan above the conforming limit? At least one jumbo program we offer finances one- to four-unit investment properties up to $3,000,000.
Quick answer
Saxton Mortgage does. At least one jumbo ARM program we offer finances one- to four-unit investment properties from a 660 credit score on loans up to $2,000,000, and up to $3,000,000 with a 720 score. At least one jumbo program allows up to 10 financed properties, and appraisal waivers are not permitted.
What a jumbo rental loan requires
Jumbo rental loans qualify you on documented income, with investor rules for reserves and credit.
- One- to four-unit rentals financed at $2,000,000 on 740 credit*
- A credit score from 660 to 720, depending on the loan size and rate type. Every borrower needs a score that meets the minimum.
- 12 months of reserves on the fixed-rate program that reaches $3,000,000.
- A limit of 10 financed properties, with additional reserves required.
- A rental loan of $2,000,000 needs 18 months in reserve*
- Turn-key investment packages are refused at one program*
Two- to four-unit rentals reach $3,000,000
Rental DTI capped at 47%
Fixed or adjustable rate
Cash-out available
Up to 10 financed properties
Full appraisal on every loan
Can You Get A Jumbo Loan On A Rental?
Yes. At least one jumbo program we offer finances one- to four-unit rentals on a fixed rate or an ARM.
Yes. At least one jumbo program we offer lends on investment properties of one to four units, on purchases and rate and term refinances. On a fixed rate, rentals reach $3,000,000 with a 700 score and 12 months of reserves. Another fixed-rate version goes to $2,000,000 with a 680 score and to $2,500,000 with a 720 score.
Reserves weigh more on a rental. At one program, a jumbo rental loan capped at $2,000,000 calls for 18 months in reserve, while each other financed property adds three to six months of its own payment. Borrowed money cannot count toward reserves there.*
Approval runs through Fannie Mae’s DU or Freddie Mac’s LPA, and the debt-to-income ratio cannot go above 50%. If you would rather qualify on the property’s rent, see our DSCR investor loan page.
Why choose Saxton for a jumbo rental loan
This page is for investors buying or refinancing a rental that needs a loan above the conforming limit.
Up To $3,000,000
At least one program finances rentals up to $3,000,000 on a fixed rate or an ARM.
Duplex Rentals Reach $2,500,000
One program finances a two-unit rental at $2,500,000 for borrowers holding 740 credit plus a year and a half of reserves. Duplex rentals at $1,500,000 or less need only a 700 score there.*
Some Rentals Must Be Fixed
One program offers only fixed rates on investment loans and keeps rentals out of its ARMs. Another allows adjustable rates on rental duplexes, triplexes and fourplexes as well as houses, so the rate type you want narrows the choice.*
Cash-Out On Rentals
Rental cash-out runs up to $2,000,000 on a fixed rate and up to $3,000,000 on an ARM, with score minimums by size.
Ten Financed Properties
At least one program allows up to 10 financed properties, with additional reserves.
Every Borrower Needs Two Scores
One program wants each borrower to have two or more credit scores. A second insists that all borrowers carry a FICO score meeting its floor, which rules out a co-borrower with no score.*
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about jumbo loans on investment properties.
Saxton Mortgage does. At least one jumbo ARM program we offer finances one- to four-unit investment properties from a 660 credit score on loans up to $2,000,000, and up to $3,000,000 with a 720 score. At least one jumbo program allows up to 10 financed properties, and appraisal waivers are not permitted.
Yes. Programs we offer finance rentals above the conforming limit, from single-unit homes up to fourplexes. One lends $2,500,000 against a single-unit rental to a 720 borrower, and another bars first-time homebuyers from investment loans.*
At one program, 680 credit is enough for a multi-unit rental, two units through four, financed at $2,000,000. For one-unit rentals, another program starts at 700 on $1,000,000 loans and moves to 740 once the balance passes $1,500,000.*
One program sets the rental’s own reserve at the AUS requirement or 3 months, whichever is larger, through $2,000,000, then 18 months on a $2,500,000 loan. Once your combined mortgage balances top $1,000,000, every other financed property adds 6 months of its payment, or 8 months if you finance seven to ten.*
Yes. One program lets you pull equity from a single-unit or two-unit rental with a loan reaching $1,500,000, given 740 credit. Another sets the same $1,500,000 ceiling for rental cash-out on buildings up to four units, again at 740.*
Up to 10 at one program, including the property being financed. Rentals held in an LLC can be left out of that count when you are not personally obligated on their mortgages, and commercial buildings or properties with five or more units are exempt.*
Yes. Appraisal waivers are not permitted on the jumbo programs on this page, so expect a full appraisal.
Yes. Jumbo rental loans we offer run through DU or LPA and follow agency income documentation. To count rent from the property, one program requires that you own a primary residence or, on DU files, show a reasonable housing expense. When rent should carry the approval, a DSCR loan uses cash flow instead.*
Find out what you qualify for
Tell us about the rental, its price or value and how many properties you own, and we will show you which jumbo option fits.
Get Pre-QualifiedLoan amounts, rates, terms, and eligibility are subject to credit approval, asset and income verification, appraisal, and program guidelines. Program availability varies by state. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.