Carlos Scarpero- Dayton and Cincinnati Ohio Mortgage Broker

Jumbo Mortgage Loans in Ohio

Take the 30 second mortgage quiz to see if you qualify

Need to borrow over the conventional loan limit? Jumbo loans are for you!

Minimum Down Payment: As low as 5%

Minimum Credit Score: Varies, but most lenders require a 700 or higher

Minimum Loan Amount: Fannie Mae conventional loan limit for the area

Maximum Loan Amount: varies by credit score

Maximum Debt Ratio: Most lenders require a 43% debt ratio or less on a jumbo mortgage

Frequently Asked Questions About Jumbo Mortgage Loans

What is a jumbo mortgage?

Jumbo mortgages are mortgages for people that are over the conventional loan limits that have excellent credit.

What are the credit score requirements for a jumbo loan?

Each lender set their own standards but more lenders require a 700 score or higher to qualify for a jumbo mortgage loan.

Can I get a jumbo mortgage loan with a bankruptcy or foreclosure?

Potential borrowers typically need to wait 7 years after a bankruptcy or foreclosure to qualify for a Jumbo Mortgage loan.

What are debt ratio limits on your jumbo mortgage program?

Depending on the program, you can go as high as a 43% debt ratio but with larger loan amounts this is lower.

What is the minimum down payment required?

5% down but this varies per lender.

Is there a limit to how much I can borrow on jumbo mortgage financing?

Each lender sets their own standards for loan limits on the jumbo mortgage program.

Do you serve the entire state of Ohio?

I am licensed to originate jumbo mortgages throughout Ohio, including:

Akron, Beavercreek, Bowling Green, Brunswick, Canton, Cincinnati, Cleveland, Cleveland Heights, Columbus, Cuyahoga Falls, Dayton Delaware, Dublin, Elyria, Euclid, Fairfield, Findlay, Gahanna, Garfield Heights, Grove City, Hamilton, Hilliard, Huber Heights, Kent, Kettering, Lakewood, Lancaster, Lima, Lorain, Mansfield, Maple Heights, Marion, Mason, Massillon, Medina, Mentor, Middletown, Newark, North Olmsted, North Ridgeville, North Royalton, Parma, Reynoldsburg, Riverside, Sandusky, Shaker Heights, Springfield, Stow, Strongsville, Toledo, Trotwood, Upper Arlington, Warren, Westerville, Westlake, Willoughby, Wooster, Xenia, Youngstown, and Zanesville and everywhere in between.

I am licensed to offer jumbo mortgages in all 88 counties in Ohio, including:

Adams, Allen, Ashland, Ashtabula, Athens, Auglaize, Belmont, Brown, Butler, Carroll, Champaign, Clark, Clermont, Clinton, Columbiana, Coshocton, Crawford, Cuyahoga, Darke, Defiance, Delaware, Erie, Fairfield, Fayette, Franklin, Fulton, Gallia, Geauga, Greene, Guernsey, Hamilton, Hancock, Hardin, Harrison, Henry, Highland, Hocking, Holmes, Huron, Jackson, Jefferson, Knox, Lake, Lawrence, Licking, Logan, Lorain, Lucas, Madison, Mahoning, Marion, Medina, Meigs, Mercer, Miami, Monroe, Montgomery, Morgan, Morrow, Muskingum, Noble, Ottawa, Paulding, Perry, Pickaway, Pike, Portage, Preble, Putnam, Richland, Ross, Sandusky, Scioto, Seneca, Shelby, Stark, Summit, Trumbull, Tuscarawas, Union, Van Wert, Vinton, Warren, Washington, Wayne, Williams, Wood, and Wyandot.

Do you only offer jumbo mortgages in Ohio?

I am currently licensed in Ohio, Kentucky, Indiana, Texas, Florida, Virginia, Tennessee, Alabama and Arizona. Additionally, through our corporate referral program, I can offer mortgage loans in over 40 additional states. I’m also well connected to loan officers outside my coverage area and can refer you to someone outside of my licensed markets. 

Take the 30 second mortgage quiz to see if you qualify

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