Mortgage Broker in Northern Virginia for Jumbo Non-QM Loans

Fairfax County is part of the Washington high-cost area, and the 2026 conforming loan limit for a one-unit property there is $1,249,125. Mortgages above this amount are jumbo loans.

The same 2026 limits apply in Fairfax County, Arlington County, the City of Alexandria, and the City of Falls Church:

• Single-unit property: $1,249,125

• Two-unit property: $1,599,375

• Three-unit property: $1,933,200

• Four-unit property: $2,402,625

Homes in McLean, Great Falls, Arlington, and Vienna regularly sell for more than these limits allow, which makes jumbo financing common in these communities.

Qualified borrowers can obtain loans of several million dollars. The amount depends on credit score, loan-to-value ratio, reserves, and documented income or assets. Experience at the borrower's loan size deserves weight when choosing a lender for a jumbo loan.

No. Scores of 750 and higher receive the best jumbo terms, since a credit score directly affects the mortgage rate. Applicants below that level may still be approved with additional equity or strong reserves.

Yes. Our Jumbo Non-QM programs include bank statement loans for firm owners and asset depletion loans for borrowers with large account balances. Contractors, consultants, and retirees buying in McLean or Arlington may qualify without W-2s or tax returns. The two programs measure different things, and the comparison of asset depletion loans versus bank statement loans depends on where the borrower's strength lies.

Jumbo loans are available on single-family homes, townhomes, condos, and 2–4 unit properties. The region's inventory ranges from estates on multiple acres in Great Falls to high-rise condos in Rosslyn, Clarendon, and Tysons. Lenders review a condo project's budget, insurance, and owner-occupancy before approving a unit in it. Investors buying rental property may qualify on the property's rent through DSCR loans in Virginia.

Jumbo rates in Northern Virginia are often similar to conventional rates and may be lower for borrowers with strong credit and reserves. Loans between $832,750 and $1,249,125 are high-balance conforming loans here, and they are priced on a separate schedule.

It may be, particularly for military, diplomatic, and corporate households that expect another move. A 5/1 or 7/1 jumbo ARM keeps the rate fixed for five or seven years and commonly starts below a 30-year fixed rate. On a McLean or Vienna purchase, the early savings illustrate why jumbo borrowers have returned to ARMs. The decision should account for how an ARM compares when a sale is likely within a few years.

Most jumbo lenders limit cash-out to about 80% of appraised value on a primary residence, and the limit falls for larger loans. Approval also depends on credit and reserves. Owners in Arlington, Falls Church, and Oakton can convert equity to cash with a jumbo cash-out refinance, which pays off the existing loan and funds a larger one. The region's many veterans may have a further option in a VA cash-out refinance or a VA jumbo cash-out refinance, neither of which requires monthly mortgage insurance.

Eligible veterans and active-duty service members, including those assigned to the Pentagon, Fort Belvoir, and Joint Base Myer-Henderson Hall, may be able to use a VA loan above the conventional limit. With full entitlement, a qualified borrower may buy a higher-priced home with $0 down and no monthly PMI. Borrowers with full entitlement may find that VA jumbo loans carry no set loan limit.

Yes. Homeowners choose a jumbo refinance to obtain a lower rate, exchange an ARM for a fixed loan, or withdraw equity. We compare the new payment and closing costs against the remaining term to confirm the refinance produces a net saving.

A single denial is rarely the final word on a jumbo application. Banks and credit unions set internal limits on RSU income, contract-based business income, and recent job changes. Wholesale jumbo lenders weigh those items under separate guidelines, and a broker can place the file accordingly. Borrowers have several ways to keep a purchase on track after a jumbo loan denial.

Expect 10% to 20% down on a primary residence, and plan on the higher figure unless credit and reserves are strong. Investment properties and second homes require additional equity. Lenders also set a reserve requirement measured in months of payments. The minimums for jumbo and Non-QM mortgage down payments differ by program and generally rise with the loan amount.