Jumbo Loans
When a purchase price climbs past your county’s conforming loan limit, you’re in jumbo territory — the loan is too large for Fannie and Freddie to buy, so it’s underwritten on its own strength. Modern jumbo programs go to 90% LTV, which means high-value homes no longer demand enormous down payments.
Buying, selling, or planning a trip? Call or text Marcos: (859) 310-1209 · Send an inquiry
What You Can Use It For
- Buying homes priced above county conforming limits
- Financing large custom builds and high-end cabins — the Gorge’s new construction increasingly lands here
- Refinancing an existing jumbo balance
- Interest-only structures for borrowers managing cash flow deliberately
Why Borrowers Choose It
- Up to 90% LTV (loan amount restrictions apply) — 10% down on a big purchase
- Loan amounts to $5 million
- Interest-only options available
- One loan instead of awkward first-plus-second combinations
Program Highlights
- Up to 90% LTV (loan amount restrictions apply)
- Minimum loan amount: $1 above your county limit
- Max loan amount $5 million
- Minimum FICO 680 (LTV restrictions apply)
- Income documentation required
- Interest-only loans available
- Minimum 8 months reserves required
- SFR, 2–4 units, condo
Highlights reflect lender program guidelines at the time of writing — programs change, and your terms depend on your full application.
Jumbo Meets the New Gorge
Large custom cabins and lodge-scale builds around the Gorge increasingly price past county limits — the market’s new construction runs big because groups book big. Jumbo handles the owner-occupied and second-home versions; if the property is a pure rental play, we price it against DSCR and let the numbers pick.
Common Questions
Why do jumbo loans want reserves?
Without a government guarantee behind the loan, the lender wants proof you can weather surprises — hence the 8 months of payments in reserve. Strong files are rewarded with strong pricing; jumbo rates are often surprisingly competitive.
Do the big new Gorge cabins fall into jumbo range?
Increasingly, yes — large new builds in the region can price past county limits. If you’re financing one as an investment rather than a residence, compare jumbo against DSCR: occupancy and documentation differ, and the right answer depends on the use.
Buying big as an investment? Compare DSCR.
Let’s Talk About Your Loan
Marcos Gil · REALTOR® · Your local guide to Red River Gorge financing options
Equal Housing Lender. This is not a commitment to lend or extend credit. Programs, rates, terms, and conditions are subject to change without notice; all applicants are subject to credit and underwriting approval, and not all applicants will qualify. Program details shown reflect available lender guidelines at the time of writing and may differ at application. Consult your accountant about tax matters. The loan programs described on this page are offered by licensed third-party lenders, not by Marcos Gil. Marcos is a licensed Kentucky real estate agent — not a mortgage loan originator — and can introduce you to a licensed loan officer for any program here. Verify any lender or loan officer at NMLS Consumer Access: nmlsconsumeraccess.org.
Ready to talk about a real purchase? A free consultation puts local eyes on your plan — and connects you with the right licensed lender for this loan type.
Thinking About the Gorge?
Whether you’re buying a cabin, selling one, or just planning a first visit — talk to someone who lives and works here. Call or text, or send an inquiry and get a same-day reply.