A jumbo loan finances homes above the conforming loan limit — the luxury and high-balance properties of Colorado Springs. From the Broadmoor to gated mountain estates, 719 Lending structures jumbo financing with competitive terms and a local team that closes on time. Rated 4.9★ on Google. (NMLS #1601989, Equal Housing Lender.)
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What is a jumbo loan?
A jumbo loan is a mortgage that exceeds the annual conforming loan limit set by the FHFA for El Paso County. Because they’re larger than Fannie Mae and Freddie Mac will buy, jumbo loans follow the lender’s own guidelines, which means the right lender and the right structure matter even more. That’s where a local expert pays off.
When you need a jumbo loan in Colorado Springs
If your loan amount is above the current El Paso County conforming limit, you’re in jumbo territory. That’s increasingly common for higher-end homes in the Broadmoor, Kissing Camels, Flying Horse, Cordera, and the mountain communities west of town. Not sure whether your purchase crosses the line? Ask us and we’ll confirm the current limit and your best path.
Jumbo loan benefits
- Finance high-value homes well beyond the conforming limit.
- Competitive fixed and adjustable options, including interest-only structures for the right borrower.
- Primary, second home, and investment properties.
- One clean jumbo mortgage instead of splitting into two loans.
Jumbo loan requirements
- Strong credit (typically 700+, though programs vary).
- A larger down payment, often 10% to 20% or more depending on the loan size.
- Lower debt-to-income ratio and verified reserves (months of payments in savings).
- Full documentation of income and assets (self-employed? ask about bank-statement options).
The process in Colorado Springs
- Talk to a local jumbo expert — we map your scenario and the right program.
- Get pre-approved — strong documentation up front makes luxury offers competitive.
- Find your home — shop with confidence.
- Close — on your timeline.
Why Colorado Springs chooses 719 Lending
Local expertise, discretion, and a team that knows high-balance financing. Rated 4.9★ on Google. 719 Lending, NMLS #1601989 — Equal Housing Lender. Compare every program on our loan options page, or look at a conventional loan if you’re near the limit. Read our reviews.
Jumbo loan FAQ
What is the jumbo loan limit in Colorado Springs?
Any loan above the FHFA conforming limit for El Paso County is a jumbo loan. The limit resets annually; ask us for the current figure.
How much down payment do I need for a jumbo loan?
Often 10% to 20% or more, depending on the loan amount and program.
What credit score do I need for a jumbo loan?
Typically 700 or higher, though it varies by program and down payment.
Can I get a jumbo loan for a second home or investment property?
Yes. Jumbo financing is available for primary residences, second homes, and investment properties.
719 Lending — NMLS #1601989. Equal Housing Lender. This is not a commitment to lend; all loans are subject to credit approval and property appraisal. Rates, terms, and limits are subject to change.