Jumbo Home Loans in Madison, WI
When your dream home exceeds conventional loan limits, a jumbo mortgage gives you the high-balance financing to make it happen. Rob Miller works with Wisconsin's top jumbo investors to deliver competitive rates and creative solutions for larger loan amounts.
What Is a Jumbo Loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set annually by the Federal Housing Finance Agency (FHFA). For 2026, the standard conforming limit in most Wisconsin counties is $832,750 for a single-family home. Any loan above this threshold is considered "jumbo" or "non-conforming" because it cannot be purchased by Fannie Mae or Freddie Mac under standard guidelines.
Because jumbo loans are held in a lender's portfolio or sold to private investors (rather than Fannie/Freddie), they come with slightly stricter qualification requirements — including higher credit scores, larger down payments, and cash reserve requirements. In exchange, they provide the financing power needed for higher-value properties that simply can't be financed with a conforming loan.
At MadCity Home Loans, Rob Miller works with multiple jumbo investors and programs, allowing him to shop for the most competitive rates and terms for Wisconsin buyers purchasing luxury homes, high-value properties, and premium real estate in Madison, Middleton, Maple Bluff, Shorewood Hills, and beyond.
Jumbo Loan Benefits
Borrow What You Need
No artificial ceiling on your financing. Borrow $800K, $1.5M, $3M — whatever your qualified purchase requires.
Fixed & Adjustable Rates
Choose from 15-year or 30-year fixed terms, or explore ARM products with lower initial rates for shorter time horizons.
Primary, Second & Investment
Jumbo financing is available for primary residences, vacation homes, and investment properties with appropriate down payments.
Multiple Investor Options
Rob Miller accesses multiple jumbo investors, which means competitive rate shopping — not a take-it-or-leave-it single source.
Faster Than You Expect
Despite the larger loan amounts, Rob's jumbo loans can close in 30-45 days with proper documentation in place.
Self-Employed Friendly
Certain jumbo programs offer bank statement loans and asset-depletion qualification for self-employed buyers and retirees.
Jumbo Loan Requirements in Wisconsin
Jumbo loan qualification is more rigorous than conforming loans. Here's what most programs require:
- Minimum credit score of 700–720 (740+ for best rates and terms)
- Down payment of 10%–20% depending on loan amount and program
- Debt-to-income ratio typically 43% or less (some programs up to 49% with strong compensating factors)
- 6–12 months of cash reserves (mortgage payment × months in liquid/semi-liquid accounts)
- Full income documentation: 2 years tax returns, W-2s, recent pay stubs
- Full appraisal required — often two independent appraisals for very large loan amounts
Alternative Jumbo Qualification: Bank Statement & Asset Programs
Traditional income documentation doesn't always tell the full story — especially for self-employed borrowers, retirees, and real estate investors. Rob Miller has access to specialty jumbo programs including:
- Bank Statement Loans: Qualify using 12–24 months of bank deposits instead of tax returns
- Asset Depletion: Qualify using liquid assets divided over loan term as "income"
- DSCR Loans: For investment properties — qualify based on rental income rather than personal income
Ready to explore your jumbo options? Rob Miller will review your financial picture and identify the jumbo program with the best rate and the smoothest path to closing.
Schedule a Jumbo Loan Consultation