Question 1

Can I refinance a jumbo loan?

Accepted Answer

Yes. Jumbo refinance options are available with competitive rates for well-qualified borrowers. You can do rate-and-term or cash-out, depending on your goals.

Question 2

What credit score do I need to refinance a jumbo loan?

Accepted Answer

Most jumbo refinance programs want 700+, with the best rates at 740+. Some niche investors will work with 680.

Question 3

How much equity do I need for a jumbo cash-out?

Accepted Answer

Most jumbo cash-out programs cap at 70–80% LTV. We have specialty investors who'll go higher for strong borrowers.

Question 4

Are jumbo refinance rates higher than purchase rates?

Accepted Answer

Usually within 0.125–0.25%. Refinance rates tend to track purchase rates closely on jumbo loans.

Question 5

How long does a jumbo refinance take?

Accepted Answer

Typically 30–45 days. Jumbo files have more documentation requirements, so responsiveness matters.

Question 6

Can I refinance from a jumbo to a conforming loan?

Accepted Answer

Yes — if your home value or principal balance is now within conforming limits. This often gets you a better rate and removes jumbo-specific reserve requirements.

Question 7

Are interest-only jumbo refinances available?

Accepted Answer

Yes. We offer interest-only jumbo programs for cash-flow-focused borrowers, typically with a 10-year I/O period followed by amortization.

Jumbo Refinance

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