Have You Found Your
Dream Home?
BluEleven makes financing your next dream home a reality. Our team of experts understand the complexity of Jumbo loan programs and are ready to deliver you an exceptional client experience.
Financing Luxury Homes & High-Value Real Estate
Jumbo loans are ideal for high-net-worth individuals, entrepreneurs, and investors looking to finance luxury homes or high-value real estate beyond conforming limits.
Bank Statement & P&L Loan Options
Same Day Qualifying means Never Miss a Closing Date
Optima
Qualify with 12- or 24-month bank statements
Qualify with P&L only. Include assets if needed.
- Loans from $300K to $6M
- Up to 90% LTV
- Min. FICO score: 660
- I/O payment option available
- Primary residences, second homes, or 1‐4 unit investment properties
Optima Plus
Qualify with 12- or 24-month bank statements
Qualify with P&L only. Include assets if needed.
- Loans from $300K to $3M
- Up to 85% LTV
- Min. FICO score: 660
- I/O payment option available
- Primary residences, second homes, or 1‐4 unit investment properties
Overview, Benefits, and Qualification Criteria
What is a Jumbo Loan?
A Jumbo Loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These loans are too large to be purchased by Fannie Mae or Freddie Mac, making them non-conforming loans. The 2024 conforming loan limit for most areas is $766,550, but in high-cost areas, it can go up to $1,149,825. Any mortgage exceeding these limits is considered a Jumbo Loan.
Benefits of a Jumbo Loan
- Finance luxury homes and high-value properties
- Competitive rates for qualified borrowers
- Flexible terms and structures
- Ideal for high-net-worth individuals and investors
Qualification Criteria for a Jumbo Loan
- Strong credit profile
- Significant liquid assets and reserves
- Low debt-to-income ratio
- High down payment often required
What Our Borrowers Say
"Mike performed a miracle, really he came through on a loan for a buyer for my house when others failed. My house was for sale for almost a year with no offers and finally when I received an offer Mike made it happen all within ten days, when the other lender kept delaying it. Selling a home is so stressful, Mike kept me informed every step of the process, he said the loan would go through and it did! I am so grateful to him for making it happen, now I can have my new home and new beginning. Mahalo Mike and God bless 😇"
"I recently obtained a mortgage with BluEleven and I needed a lender that could work with unique situations for the self-employed. Mike and his team completed my mortgage in record time and offered a very competitive product. I highly recommend Mike and his team as not only did they deliver quickly, they were excellent in their communication, knowledge and friendly. 5 star service."
"Isahi and the team with BluEleven were excellent to work with. Great rates. Patient and answered all my questions. My real estate agent also praised them. We were able to close on a tight deadline. I would not hesitate to suggest BluEleven to others."
"Isahi and the whole team at BluEleven Mortgage are amazing! We have used them twice now, once for a purchase and again for a refi. I let Isahi know what I would like to do and she quickly lets me know what my best options are. She is knowledgeable, a great communicator and works quickly to get things done (all of my favorite qualities). I will absolutely use them again in the future."
"Mike & Isahi did a great job getting my loan done very quickly without any issues. Great job with organization and execution! I would recommend them highly!"
"My partner and I just bought a place in LA and had the best experience with BlueEleven. Day or night, Isahi was always available and very attentive during the whole process. Overall had a smooth experience and would highly recommend working with her!"
Frequently Asked Questions About Jumbo Loans
A Jumbo Loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These loans are too large to be purchased by Fannie Mae or Freddie Mac, making them non-conforming loans. The 2024 conforming loan limit for most areas is $766,550, but in high-cost areas, it can go up to $1,149,825. Any mortgage exceeding these limits is considered a Jumbo Loan.
Jumbo loans allow you to finance luxury homes and high-value properties beyond conforming limits. They offer competitive rates for qualified borrowers, flexible terms and structures, and are ideal for high-net-worth individuals, entrepreneurs, and investors.
Qualification criteria typically include a strong credit profile, significant liquid assets and reserves, a low debt-to-income ratio, and often a higher down payment requirement compared to conventional loans.