Jumbo Loan Processing Services | CTC Processing LLC
Jumbo loans — mortgages above the county conforming limit — require more documentation, higher reserve thresholds, and stricter underwriting than agency loans. CTC Processing specializes in Colorado's resort and luxury markets where jumbo financing is the norm.
Key requirements
- Loan amount above county conforming limit ($832,750–$1,249,125 in CO)
- 10% down minimum (primary)
- 20% down for second homes
- 700+ credit (720+ for second homes)
- 6–12 months cash reserves
- DTI max 43%
- full asset documentation required
Processing steps
- 1Confirm portfolio lender guidelines (vary by investor)
- 2submit for pre-approval with full documentation
- 3order jumbo appraisal (often requires two appraisals above $1.5M)
- 4verify reserves
- 5clear all conditions
- 6CTC
Common conditions
- Full 12–24 months bank statements for reserve verification
- vested retirement account documentation
- business asset segregation for self-employed
- dual appraisal requirement above $1.5M
- non-warrantable condo investor approval
How we process it
Jumbo investors vary significantly in their documentation requirements. CTC confirms the specific investor guidelines before processing begins and front-loads the reserve documentation request — this is the most common delay in jumbo files.
Frequently Asked Questions
What counts as reserves for a jumbo loan?
Reserves are liquid assets beyond the down payment and closing costs — checking, savings, brokerage (not retirement unless vested and discounted). Most jumbo investors require 6–12 months of full PITIA payment. CTC verifies reserve adequacy on intake.
Do jumbo loans require two appraisals?
Many jumbo investors require a second appraisal for loan amounts above $1.5M or for unique/luxury properties. CTC orders both simultaneously when required to avoid adding days to the timeline.
How do you process jumbo loans on non-warrantable condos in Colorado ski resorts?
Non-warrantable condos require portfolio or Non-QM investors with specific project approval processes. CTC works with investors who are active in Vail, Aspen, Breckenridge, and Telluride condo markets and knows their project approval timelines.
Jumbos — closed with precision.
Hand us the file. We'll handle the guideline, the conditions, and the closing.