Loan Programs

Jumbo Home Loans

Specialized financing for higher-priced properties that exceed standard conventional lending limits.

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Jumbo Calculator

Is a jumbo loan right for you?

Need a bigger loan for your property? Then a jumbo loan might be right for you. While similar to conventional loans, jumbo mortgages exceed the amount of conventional conforming loan limits. With larger loans come increased risk, so keep in mind that jumbo loan qualification requirements can be stricter.

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Benefits of a jumbo loan

  • Purchasing a high end home: Consider a jumbo loan if you need a loan that exceeds your county’s conforming loan limit.
  • Eliminate the need to have multiple loans: Provides the convenience of one loan for the entire loan amount, with a variety of options.
  • Save on mortgage insurance: Since a 20% down payment is often required for jumbo loans, private mortgage insurance isn’t always required.

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Jumbo loan eligibility requirements

  • Good credit score
  • A deposit of 20% or higher
  • Proof that you are able to repay the loan
  • Statement of assets

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Check out what your monthly payment could be by using our Jumbo Mortgage Calculator…

Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!

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$726,200 $2 Million
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0% 80%
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0% 20%
Credit Score
Advanced (optional)
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0% 5%
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0% 15%
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Principal & Interest (P&I)
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Taxes & HOA
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Homeowners Insurance
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Loan Totals:
Purchase Price $
Down Payment $
Total Loan Amount $
Estimated Taxes & Insurance Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.
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Estimated Payment $ /mo
Loan amount
$
Down payment
$
Interest rate
Loan term
Taxes & insurance included?
Property tax
Homeowner's insurance
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HOA dues
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Payment Breakdown
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan. Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
  • Principal payments: $$240,000 (the amount borrowed)
  • Interest payments: $$297,554 (the cost of borrowing)

MORTGAGE TOOLS

Your Mortgage Options, Made Clear.

MORTGAGE SOLUTIONS

Find the Financing That

Fits Your Future.

Explore home loan programs designed to support your homeownership goals, whether you’re purchasing, refinancing, or planning your next move.

Conventional

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FHA

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VA

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Jumbo

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Renovation

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USDA

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No Income / No Employment DSCR Investor Loans

Buy Investment Property with Non-traditional Income.
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12/24 Month Bank Statement

Serving OUR Community’s Self-Employed Borrowers with Smarter Loan Options.
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No Income / No Employment Loan Primary Residence Loan

Empowering OUR Community with Flexible, Asset-Based Mortgage Solutions.
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ITIN Mortgage Loan Program

Homeownership Made Possible for Non-U.S. Citizens Using an ITIN.
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P&L-Only Mortgage Loan Program

Streamlined Approval for Self-Employed Borrowers Using Just a P&L.
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1099 Mortgage Loan Program

Flexible Home Financing for 1099 Earners — Less Paperwork, More Possibility.
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NAF Cash

NAF Cash Can Turn You Into a Cash Buyer.
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One Time Close Construction

Build your dream home with an OTC Jumbo loan designed for big visions.
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Down Payment Assistance

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Medical Professionals Mortgage Program

Designed for Doctors, Dentists & Healthcare Heroes in North Carolina — and Beyond
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Free Tools

Check Out Our Other Mortgage Calculators

Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.

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Assess how much home you can afford based on your income, expenses, and desired down payment.

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Seller Net Profit Calculator

See how much you could make from your home sale with our Seller Net Profit Calculator.

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Rate Buydown Calculator

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HELOC Calculator

Estimate your credit limit and monthly payments with our HELOC Calculator!

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Mortgage Comparison Calculator

Compare different mortgage options side by side to find the best fit for your financial needs.

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Refinance Comparison Calculator

Evaluate the potential savings and costs associated with refinancing your existing mortgage.

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DSCR Investor Calculator

See what your investor ratio is with our DSCR calculator.

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Adjustable Rate Mortgage Calculator

Determine your potential monthly payments and interest costs for an adjustable-rate mortgage over time.

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VA Calculator

Estimate your monthly payments and total costs for a loan backed by the Department of Veterans Affairs.

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Jumbo Calculator

Calculate your monthly payments and total costs for a jumbo mortgage that exceeds conforming loan limits.

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FHA Calculator

Determine your potential monthly payments and total costs for a Federal Housing Administration loan.

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Conventional Calculator

See the monthly payment and total cost for a conventional mortgage loan.

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USDA Calculator

Calculate the costs and monthly payments associated with a USDA Rural Development loan.

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203k Renovation Calculator

Estimate your monthly payment for a loan that combines your home purchase or refinance with eligible renovation costs.

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General Mortgage Payment Calculator

See what your monthly payment could be with our general repayment mortgage calculator.

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YOUR NEXT MOVE STARTS HERE

Let’s find your path home.

Buying, refinancing, or exploring your options? Connect with Greg Downs at New American Funding for personal guidance and home loan options that fit your goals.

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