How to Get Approved for a Jumbo Loan: Tips for High Net Worth Borrowers in Texas

If you're a high-net-worth borrower in Texas looking to purchase a luxury property, you may need a jumbo loan to finance your dream home. However, getting approved for a jumbo loan is more challenging than it sounds. 

The strict requirements may overwhelm you during the loan application process. But don't worry; you can meet the criteria and obtain a jumbo loan that meets the Texas jumbo loan limits with the right strategy and guidance. 

What are Jumbo Loans, and How Do You Qualify for One?

Jumbo loans are intended for those requiring financing beyond the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Homebuyers typically need a credit score of 700 or higher, a down payment of at least 10-20%, and a DTI ratio no higher than 43%. 

If you have questions about the 2023 Jumbo loan limit for Texas, contact our mortgage experts for assistance.

Here are the steps you need to take for Jumbo Loan approval:

Review Your Credit History.

Credit scores and credit history play a vital role in the approval process for jumbo mortgages. Jumbo loan lenders use credit scores to assess your creditworthiness and determine the risk of default.

Since HNW individuals have complex financial histories, they'll have a more challenging time getting approved for a jumbo loan. This includes irregular or non-traditional sources of income that may be difficult to document for lenders.

To improve your credit scores, you must pay your bills on time and keep your credit card balances low. 

Gather Financial Documentation.

To obtain a jumbo loan, borrowers must provide extensive financial documents that showcase their ability to repay the mortgage. This typically includes two years of tax returns with W-2s, bank statements, recent pay stubs covering 30 days, and proof of any additional income. 

Since high-net-worth individuals have complex financial portfolios, they may struggle to document their income and assets. As mentioned above, lenders require extensive documentation of borrowers' financial history and assets, which can be challenging for HNW homebuyers whose income may come from non-traditional sources.

To boost your chances of approval, you can use a personal financial statement to show a clear picture of your total assets, liabilities, and income sources. A personal financial statement allows lenders to assess borrowers' creditworthiness. 

Work with an experienced broker in Texas. 

Working with a local broker experienced in jumbo loans in Houston, Austin, and Fort Worth, Texas, is essential. They possess expertise in the local market and regulations, resulting in a smoother loan process. They also have experience working with high-net-worth income borrowers with complex financial situations. Such a lender can offer personalized solutions tailored for HNW homebuyers. 

You don't need to look further if you are looking for a trusted and experienced lender.

Reliance Financial Group is among the Best Jumbo Loan brokers in Houston, Austin, and Fort Worth, Texas.  We offer a smooth mortgage process for high-net-worth individuals.


Getting approved for a jumbo mortgage as a high-net-worth individual can be complex, but working with a knowledgeable lender, improving your credit score, and using a personal financial statement can boost your chances of approval.

Are you ready to apply for a jumbo loan? Don't let the approval process scare you. 

Contact Reliance Financial Group today, and let us help you confidently navigate the process and secure the loan you require.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.