Refinance The Loan That Was Too Big For The Agencies.
Jumbo rate and term or cash out refinancing on loans to $3 Million, for a primary residence or second home.*
Above the conforming limit, refinancing is a different conversation.
Bigger loan, stricter file, and a lender who has actually done it.
- Rate and term refinancing on loans to $3 Million
- Cash out refinancing available, with maximums that vary by program*
- Primary residence or second home
- One unit homes, PUDs and condominiums, and two unit properties*
- Qualifying starts at a 660 credit score, rising with the loan amount*
- Reserve requirements increase as the loan amount increases*
Refinancing on loans to $3 Million*
Refinance or take cash out
Primary residence or second home
Fixed rate financing, underwritten through the agency automated systems
Two full appraisals are required above $2 Million*
Not available in New York, and not on Texas equity refinances
What is the Saxton Jumbo Refinance?
Refinancing above the conforming limit, where Fannie and Freddie will not buy the loan
A jumbo loan sits above the conforming limit, which means no agency buys it and an investor holds it instead. That single fact changes everything about refinancing one. Underwriting gets tighter as the loan gets larger, not looser, which is the opposite of what most borrowers expect and the reason a bank that approved you five years ago may not now. At these balances the difference between a good outcome and a bad one is a large number, so it is worth getting the file in front of someone who has actually placed loans this size.
The Saxton Jumbo Refinance runs to $3 Million on a primary residence, on one unit homes, PUDs, condominiums and two unit properties, and on second homes. Qualifying starts at a 660 credit score and steps up with the loan amount.
Cash out is available, with maximums that vary by program. On some programs a property owned free and clear is not eligible for cash out. Two full appraisals are required above $2 Million, and the program is unavailable in New York and on Texas equity refinances.*
Why choose the Saxton Jumbo Refinance?
Built for homeowners whose loan is the reason their bank keeps saying no.
Lowering What You Pay
Replace the loan you have without touching your equity, on balances to $3 Million.*
Pulling Equity Out
Cash out is available here, capped, and unavailable on a home you own free and clear.
Second Homes Count
Second home refinancing is eligible, which a lot of jumbo programs will not touch.
Cash-Out Refinance
Cash out is available, with maximums that vary by program. On some programs a home owned free and clear is not eligible.*
Two Unit Properties
Two unit properties are eligible, at lower financing limits than a single unit home.*
Reserves Matter Here
Required reserves climb with the loan amount, and on the largest loans they are the item that most often decides the file.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about refinancing a jumbo mortgage.
To $3 Million on a one unit primary residence, with the credit score requirement rising as the amount rises. Two unit properties are eligible at lower limits. A licensed loan officer can map your balance to the right tier.
Cash out maximums vary by program, and on some of them a property you own free and clear is not eligible for a cash out refinance at all.*
Yes. Both rate and term and cash out refinancing are available on a second home, at lower financing limits than a primary residence. Investment properties are not eligible on this program.
It starts at a 660 credit score and climbs with the loan amount, reaching 740 at the top tier. This is the opposite of how people assume jumbo works. The bigger the loan, the stricter the file.
One full appraisal at or below $2 Million. Above $2 Million, two full appraisals are required, which is worth knowing about upfront because it affects both cost and timeline.*
Yes. New York is not eligible, and Texas equity refinances under the state’s section 50(a)(6) rules are not eligible either.
Reserve requirements rise with the loan amount, from several months at the entry tier to substantially more at the top. On large jumbo files reserves are frequently the deciding factor rather than income or credit.
Find out what you qualify for
Whether you’re buying, refinancing, or pulling cash out, there’s likely a Saxton Jumbo Refinance program that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Jumbo financing sits above the annual conforming limits by definition and is held by an investor rather than sold to an agency. 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.