Whether you're looking for a jumbo house mortgage or a jumbo mortgage for your business location, these large mortgages offer you the financing you need for more expensive properties.

States have a cap on how much money a mortgage company can loan through a conventional mortgage. Many properties exceed this limit, particularly when it is a large commercial property, such as an apartment building, or when you are looking to buy property in major cities such as San Francisco and New York City. A real estate jumbo loan comes with a higher interest rate, but allows you to take out significantly more money.

If you want to qualify for a real estate jumbo mortgage:

1. Prepare your down payment. Some markets will allow a 5% down payment on a jumbo mortgage, but many states require a 20% down payment. When you're looking at expensive properties, this down payment can be hefty.

2. Get ready to show your credit score and business plan. This will help a jumbo mortgage provider determine whether you are credit-worthy.

3. Prove you can pay. If you can show that you have the cash flow necessary to make your monthly payments, it's easier to get a jumbo loan.

Action Steps

The best contacts and resources to help you get it done

Tips & Tactics

Helpful advice for making the most of this Guide

• When applying for a jumbo mortgage, list any questions you may have to ask your loan advisor. It's important for you to understand all fees, requirements and expectations before you make a commitment.