Jumbo Mortgages
Unlock exclusive mortgage solutions for
homes over $1 million
With rising home prices in major Canadian cities like Toronto, Vancouver, and Montreal, securing financing for high-value properties has become more common than ever. Jumbo mortgages—loans exceeding $1 million—require specialized underwriting, customized financing solutions, and access to lenders that offer competitive rates and flexible terms.
At Better Mortgage Select, we specialize in structuring jumbo mortgage solutions that help homeowners and investors secure the best possible financing for luxury homes, investment properties, and multi-generational residences.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
Jumbo mortgages offer opportunities beyond standard home financing, allowing buyers to secure customized loan structures that align with their financial goals.
What is a jumbo mortgage?
A jumbo mortgage is a home loan that exceeds $1 million, making it larger than conventional lending limits. These loans are often used to finance:
- Luxury homes and estates
- Multi-generational family properties
- High-value investment properties
- Urban high-rise condos in premium markets
Since these mortgages are larger than standard home loans, lenders apply customized lending criteria that go beyond traditional mortgage approvals.
Key benefits of a jumbo mortgage
Access to large
loan amounts
With a jumbo mortgage, borrowers can finance homes that exceed the $1 million threshold, avoiding the need for multiple loans or complex financing structures.
Flexible down payment options
Most lenders require more than 20% down payment on jumbo mortgages. However, at Better Mortgage Select, we work with lenders that offer waived sliding scales, allowing for as little as 20% down payment, regardless of purchase price.
Competitive interest rates & exclusive discounts
Despite their size, jumbo mortgages can come with highly competitive interest rates when structured correctly. Some lenders even offer rate discounts to attract high-value borrowers.
Expanded debt service calculations
Unlike traditional mortgage approvals that focus primarily on income-to-debt ratios, many jumbo mortgage lenders consider net worth, assets, and investment holdings, making it easier for high-net-worth borrowers to qualify.
Understanding the sliding scale for jumbo mortgages
Many lenders apply a “sliding scale” approach to loan approvals, adjusting the loan-to-value (LTV) ratio
for larger loan amounts. For example:
| Property Value | Loan-to-Value (LTV) Offered |
| Up to $1,000,000 | Up to 80% LTV |
| $1,000,000 – $2,000,000 | 75% – 80% LTV |
| Over $2,000,000 | 50% – 70% LTV |
However, Better Mortgage Select works with lenders that waive these restrictions, allowing buyers to maximize financing while minimizing upfront capital requirements.
Growing demand for jumbo mortgages in Canada
Over the last two decades, home prices in major Canadian cities have soared, leading to an increased need for jumbo mortgages. In cities like Toronto and Vancouver, properties priced above $1 million are now standard, making high-value financing solutions essential for buyers.
Other cities, such as Calgary, Ottawa, and Montreal, are also experiencing rapid growth in the luxury real estate sector,
further increasing the demand for jumbo mortgage solutions.
Who benefits from a jumbo mortgage?
Jumbo mortgages serve a diverse range of borrowers, including:
1. Access to Large Loan Amounts
With a jumbo mortgage, borrowers can finance homes that exceed the $1 million threshold, avoiding the need for multiple loans or complex financing structures.
2. Flexible Down Payment Options
Most lenders require more than 20% down payment on jumbo mortgages. However, at Better Mortgage Select, we work with lenders that offer waived sliding scales, allowing for as little as 20% down payment, regardless of Purchase price.
3. Competitive Interest Rates & Exclusive Discounts
Despite their size, jumbo mortgages can come with highly competitive interest rates when structured correctly. Some lenders even offer rate discounts to attract high-value borrowers.
4. Expanded Debt Service Calculations
Unlike traditional mortgage approvals that focus primarily on income-to-debt ratios, many jumbo mortgage lenders consider net worth, assets, and investment holdings, making it easier for high-net-worth borrowers to qualify.
Why choose Better Mortgage Select
for your jumbo mortgage?
Navigating jumbo mortgages requires specialized expertise, access to niche lenders, and a strategic financing approach. At Better Mortgage Select, we provide:
Access to
specialized jumbo mortgage lenders
We work with lenders that offer flexible terms, waived sliding scales, and competitive rates, ensuring you have access to the best available financing.
Custom-tailored
loan structures
Every jumbo mortgage is unique. We analyze your financial situation to match you with the right lender and loan structure, ensuring your financing aligns with your investment strategy and long-term goals.
Hassle-free application & approval process
We manage the complexities of securing a jumbo mortgage, from preparing financial documents to negotiating the best terms with lenders, saving you time and effort.
Market expertise & industry insights
Our team stays ahead of market trends, ensuring you receive the most up-to-date mortgage solutions tailored to the evolving real estate landscape.
Case study:
How a jumbo mortgage helped a client buy their dream home
The situation
David and Sarah, successful business owners, were looking to purchase a $3.5 million luxury home in Toronto. Their bank was only willing to finance 60% of the home’s value, requiring an excessive $1.4 million down payment.
The solution
We secured a custom jumbo mortgage through a competing ‘Big 6’ bank, offering 80% LTV on the entire $3.5 million price. This reduced their required down payment to $700,000, freeing up capital for future investments.
The outcome
- Lower upfront capital requirement allowed them to maintain liquidity.
- Competitive interest rate secured through lender negotiations.
- Flexible repayment terms optimized for their financial structure.
Why work with a mortgage broker for a jumbo mortgage?
Securing a jumbo mortgage directly through a single lender limits your options. Working with a mortgage broker gives you access to multiple lenders and customized solutions that banks may not offer.
With Better Mortgage Select, you gain:
- Access to exclusive lender discounts and rate promotions
- A mortgage strategy designed around your unique financial goals
- Expert negotiation to secure the best possible terms
Maximize high-value financing.
Custom mortgage structures for luxury and investment properties.
Take the next step with Better Mortgage Select
Are you ready to finance a high-value property with a tailored jumbo mortgage solution? At Better Mortgage Select, we combine industry expertise, lender relationships, and strategic mortgage planning to ensure you secure the best financing available.
“The best investment on Earth is earth.” – Louis Glickman
Let’s structure a financing solution that fits your needs. Contact Better Mortgage Select today to explore your jumbo mortgage options!