Residential
Jumbo Mortgages in Fresno, CA
Fresno homebuyers trust Custom Mortgage for their Jumbo Mortgages needs. With deep knowledge of the local market, from Clovis to Tower District, we provide tailored solutions with rates as low as 6.875%.
Key Facts About Jumbo Mortgages
CMRE jumbo loans range from $806,500 to $10,000,000.
CMRE jumbo programs require no private mortgage insurance.
CMRE offers cross-collateral jumbo loans using existing property equity.
CMRE bank statement jumbo loans serve self-employed luxury buyers.
CMRE asset depletion jumbo qualifies retirees on investment portfolios.
CMRE jumbo loans accept down payments as low as 10% up to $2M.
CMRE offers interest-only payment options on jumbo mortgages.
CMRE processes jumbo loans in 21-30 days from application.
Program Benefits
Loan amounts from $806,500 to $10,000,000 for luxury and high-value properties.
Down payments as low as 10% for loans up to $2M (primary residence).
Bank statement jumbo available for self-employed borrowers — no tax returns.
Asset-depletion jumbo for retirees qualifying on investment portfolio income.
Cross-collateral jumbo: use equity from other properties to reduce down payment.
Fixed and adjustable rate options: 30yr, 15yr, 10/1 ARM, 7/1 ARM, 5/1 ARM.
Interest-only payment options for qualified borrowers.
Available for single-family, condos, townhomes, and estates/luxury properties.
No PMI at any LTV — jumbo loans do not require private mortgage insurance.
Foreign national and ITIN jumbo programs available through CMRE.
Program Highlights
Max LTV
90% (up to $2M) / 80% (up to $3M) / 70% ($3M+)
Min Credit Score
680
Max DTI
43%
Loan Amount Range
$806,500 - $10,000,000
Amortization Options
Eligible Properties
- Single Family
- Luxury Estate
- Condo
- Townhouse
- 2-4 Units
Program Requirements
Income Documentation
- •Full-doc: 2 years W-2s and tax returns.
- •Bank statement jumbo: 12-24 months of statements.
- •Asset depletion: liquid asset statements (brokerage, retirement, bank).
- •1-Year tax return jumbo available for Freddie Mac eligible scenarios.
Asset Verification
- •Down payment 10%-30% depending on loan amount and occupancy.
- •12-18 months PITIA reserves for loans over $1.5M.
- •Post-closing liquidity requirements based on loan amount.
- •Cross-collateral: equity from existing properties can substitute for cash.
Insurance & Title
- •Homeowners insurance with replacement cost coverage.
- •Umbrella liability coverage recommended for high-value properties.
- •Flood insurance if in FEMA flood zone.
- •Title insurance required.
Property Requirements
- •Minimum 680 FICO for most jumbo programs.
- •700+ FICO for best rates and highest LTVs.
- •720+ FICO required for loans over $3M.
- •Clean payment history on all existing mortgages.
Jumbo Mortgages in Fresno: The Complete Guide
What Is a Jumbo Mortgage?
A jumbo mortgage is any home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). For 2026, the conforming limit is $806,500 in most areas and up to $1,209,750 in high-cost counties. Because jumbo loans cannot be purchased by Fannie Mae or Freddie Mac, they are held on the lender's balance sheet or sold to private investors — resulting in different underwriting requirements. Jumbo borrowers typically need higher credit scores, larger down payments, and more reserves than conforming borrowers. However, jumbo loans offer the advantage of financing luxury properties that exceed standard limits.
Jumbo vs. Conforming vs. High-Balance
- •Conforming: $806,500 or below in standard areas. Sold to Fannie/Freddie. Best rates.
- •High-balance conforming: $806,501 - $1,209,750 in high-cost areas. Still Fannie/Freddie eligible. Slightly higher rates.
- •Jumbo: above $1,209,750 (or above $806,500 in standard areas). Portfolio or private investor. Rates vary.
- •Super jumbo: typically $3M+ with specialized underwriting requirements.
- •CMRE offers all four tiers with competitive rates across the spectrum.
CMRE Cross-Collateral Jumbo Loans
CMRE's cross-collateral jumbo program lets you pledge equity from properties you already own to reduce the down payment on a high-value purchase. For example, if you're buying a $3M home and own a $1.5M property with $500K in equity, CMRE can use a portion of that equity as additional collateral — potentially reducing your cash down payment from $600K to $300K or less. This is particularly valuable for high-net-worth borrowers whose wealth is concentrated in real estate rather than liquid assets.
Bank Statement Jumbo for Self-Employed
Self-employed borrowers purchasing luxury properties can qualify through CMRE's bank statement jumbo program using 12-24 months of personal or business bank statements instead of tax returns. This program combines the flexibility of bank statement underwriting with jumbo loan amounts up to $5M. Requirements: 700 FICO, 20% down, 12 months reserves. Business owners, entrepreneurs, and high-earning freelancers who write off significant expenses on tax returns benefit most from this program.
Asset Depletion Jumbo
CMRE's asset depletion jumbo program is designed for retirees, early retirees, and high-net-worth individuals whose income comes from investment portfolios rather than employment. The program calculates qualifying income by dividing total liquid assets by a set number of months (typically 360 for a 30-year term). Example: $3M in liquid assets / 360 = $8,333/month qualifying income. Eligible assets include brokerage accounts, 401(k), IRA, savings, and certain trust assets. This program allows loan amounts up to $5M with 20% down.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Jumbo Mortgages in Fresno, CA
Fresno mortgage lending for the Central Valley. FHA, USDA, and conventional programs. Custom Mortgage & Real Estate specializes in providing high-fidelity Jumbo Mortgages solutions tailored to the unique economic landscape of Fresno and the surrounding Fresno County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireFresno metropolitan area.
Service Areas & Neighborhoods
Our Fresno Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About Jumbo Mortgages in Fresno
What are current Jumbo Mortgages rates in Fresno, CA?
Jumbo Mortgages rates in Fresno depend on loan amount, credit profile, and property type. CMRE publishes updated Fresno rate ranges daily and provides locked quotes within 24 hours of application.
How long does Jumbo Mortgages closing take in Fresno?
CMRE typically closes Jumbo Mortgages loans in Fresno within 21-30 days from application. Pre-approval takes 24 hours, and our CA-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What Fresno neighborhoods qualify for Jumbo Mortgages?
All residential neighborhoods in Fresno and Fresno County qualify for Jumbo Mortgages through CMRE. Single-family homes, condos, townhomes, and 2-4 unit properties are eligible. Our local team can advise on specific HOA or condo project approval requirements.
Does CMRE offer first-time buyer programs in Fresno?
Yes. CMRE offers first-time homebuyer programs in Fresno including down payment assistance, 3% down conventional, and FHA 3.5% options. CA residents may also qualify for state-specific grants and bond programs.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
CMRE jumbo loans start at 10% down for loans up to $2M on primary residences. Loans up to $3M require 20% down. Loans over $3M require 25-30% down. Cross-collateral options can reduce cash needed.
Minimum 680 FICO. Best rates at 740+. Loans over $3M typically require 720+.
Yes. CMRE offers bank statement jumbo using 12-24 months of statements instead of tax returns. Also asset depletion jumbo for those qualifying on investment portfolio.
You pledge equity from existing properties to reduce down payment on a new purchase. CMRE evaluates combined LTV across all properties.
No. Jumbo loans never require private mortgage insurance regardless of down payment amount.
Jumbo rates are typically 0.25%-0.50% higher than conforming rates, though the gap has narrowed in recent years. CMRE offers competitive jumbo pricing. Contact us for today's rates.
Yes. CMRE offers interest-only jumbo options for qualified borrowers, typically for the first 10 years of a 30-year term. This reduces monthly payments during the interest-only period.
Asset depletion calculates qualifying income from liquid investments. Total assets / 360 months = monthly income. Example: $3M assets = $8,333/month. Available for retirees and HNWI.
Jumbo Mortgages by Location
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Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
