Second Home Jumbo Mortgage

At MortgageDepot, we want to save you money on your second home’s mortgage! In the past three years second home purchases have increased more than 50%. Many of those purchases have been in the price range of $1 Million or higher.

Whether buying a vacation home or investing in a place to retire in one day, today’s high-end second homebuyers are finding it difficult to find the best rates on second home jumbo loans. At MortgageDepot, we’re the jumbo loan experts. Whether you’re purchasing or refinancing a second home, contact us at MortgageDepot today!

For purchases, we offer the following great terms on second home jumbo loans:

Between $417,001 – $1 Million

• 720 FICO – 80% Max LTV/CLTV/HCLTV, 43% MAX DTI, 12 Months PITI Reserves
• 760 FICO – 85% Max LTV/CLTV/HCLTV, 36% MAX DTI, 18 Months PITI Reserves
• 760 FICO – 90% Max LTV/CLTV/HCLTV, 36% MAX DTI, 24 Months PITI Reserves

Between $1,000,001 – $1.5 Million

• 720 FICO – 75% Max LTV/CLTV/HCLTV, 43% MAX DTI, 18 Months PITI Reserves

Between $1,500,001 – $2 Million

• 720 FICO – 70% Max LTV/CLTV/HCLTV, 43% MAX DTI, 24 Months PITI Reserves

Between $2,000,001 – $2.5 Million

• 720 FICO – 60% Max LTV/CLTV/HCLTV, 43% MAX DTI, 36 Months PITI Reserves

If you’re refinancing, we offer the following great terms on a rate and term refinance for your second home jumbo loan:

Between $417,001 – $1 Million

• 720 FICO – 80% Max LTV/CLTV/HCLTV, 43% MAX DTI, 12 Months PITI Reserves

Between $1,000,001 – $1.5 Million

• 720 FICO – 75% Max LTV/CLTV/HCLTV, 43% MAX DTI, 18 Months PITI Reserves

Between $1,500,001 – $2 Million

• 720 FICO – 70% Max LTV/CLTV/HCLTV, 43% MAX DTI, 24 Months PITI Reserves

Between $2,000,001 – $2.5 Million

• 720 FICO – 60% Max LTV/CLTV/HCLTV, 43% MAX DTI, 36 Months PITI Reserves

For more information about a jumbo loan for your second home, contact us at MortgageDepot today!