Jumbo Mortgage Loans in Frisco & Dallas/Fort Worth
In the competitive North Dallas luxury market, a Jumbo loan is the primary way to finance a home that exceeds the standard federal loan limit. At First Lonestar Bank, we offer non-conforming mortgages to borrowers in Frisco, Dallas, and across the DFW area seeking high-value properties without the restrictions of traditional loans.
What is the Jumbo loan limit for 2026?
For 2026, any loan amount over $832,750 is considered a Jumbo loan in the DFW area. Because these loans exceed the limits set by the Federal Housing Finance Agency (FHFA), they cannot be purchased by Fannie Mae or Freddie Mac. This means they are held and managed by private lenders like First Lonestar Bank, allowing for more flexible, human-centered underwriting.
How to Qualify for a Jumbo Loan
Because the bank assumes more risk with larger loan amounts, jumbo qualification standards are higher than standard mortgages:
- Credit Score: You generally need a 680 or higher to qualify.
- Down Payment: While traditional loans may require less, Jumbo loans typically require a 10% to 20% down payment.
- Cash Reserves: You must show liquid assets to cover 6 to 12 months of mortgage payments (PITI) after closing.
- Debt-to-Income (DTI): Your total monthly debts should ideally stay under 43% of your gross income.
Why Choose a Jumbo Loan at First Lonestar Bank?
We don't just look at a spreadsheet; we look at your total financial picture. Whether you are a business owner or a corporate executive in the DFW area, our Frisco-based team provides the specialized guidance needed for high-value transactions:
- No Private Mortgage Insurance (PMI): Even with larger loan amounts, our Jumbo programs do not require monthly PMI, potentially saving you thousands every year.
- Flexible Property Types: Use Jumbo financing for single-family homes, townhomes, warrantable condos, or even multi-unit properties (up to 4 units).
- Second Home Options: Our programs extend to vacation homes and investment properties, not just your primary residence.
- Maximum LTV: We offer a maximum loan-to-value (LTV) of 90% without requiring mortgage insurance.
Apply Now Talk to a Jumbo Specialist
Frequently Asked Questions (FAQs)
Are Jumbo loans only for luxury mansions?
No. As home prices rise in areas like North Dallas, Plano, and Frisco, many standard families' "move-up" homes naturally cross the jumbo threshold. They are a tool for any buyer whose housing needs exceed standard federal limits.
What counts as "cash reserves"?
Lenders look for "vesting flexibility," meaning these funds can sit in your savings or CDs, or even in a portion of your 401(k) or IRA. The goal is to prove you have the liquidity to handle financial shifts without risking your home.
Can I get a fixed or adjustable rate?
Yes. First Lonestar Bank offers both fixed and adjustable-rate (ARM) options for Jumbo loans to fit your long-term financial strategy.
The Fine Print
This is not a commitment to lend; you must submit additional information for review and approval. Rates, Annual Percentage Rates (APRs), and terms are subject to change without notice. Certain restrictions apply to all programs. See your FLB Mortgage Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APRs) for all loan programs. Full underwritten approval is required, and all loan approvals are subject to credit, income, and asset reviews and approvals. Bank NMLS#1215182
