Jumbo Loans
in Kentucky

FREE Mortgage Rate Quote!

Home prices in Kentucky tend to be very affordable, so many houses can be purchased with a conventional mortgage. But for homes which carry higher price tags, it may be necessary to apply for jumbo financing.


What Are Jumbo Loans?

A jumbo loan is what you apply for when conventional financing cannot provide all you need to cover the cost of buying a home. This may happen when you need more financing than is available to you within the Fannie Mae and Freddie Mac limits for conventional mortgages.

Do You Need a Jumbo Loan in Kentucky?

To know if you need a jumbo loan, you need to know the conventional loan limits for Kentucky. These limits are set individually for each county. For Jefferson County in 2019, the conforming loan limits are:

1 UNIT

$484,350

2 UNITS

$620,200

3 UNITS

$749,650

4 UNITS

$931,600

If you are not sure what the conventional limits are for the county in Kentucky where you will be purchasing a home, we can tell you during your mortgage consultation.

The cash reserves and assets you have available.

Homebuyers thinking about applying for conventional loans in Louisville or other parts of Kentucky sometimes make the assumption that it will be difficult to qualify for a larger loan. The process of applying for a conventional mortgage is a bit more involved than that of applying for a conventional loan, but it is very similar across the board.

Your lender will consider the following when deciding whether to qualify you for a conventional loan:

Your credit score and debt-to-income (DTI) ratio.

The status of your employment and recent employment history.

Your down payment amount.

The cash reserves and assets you have available.

Additionally, jumbo financing requires that you get two appraisals.

While the requirements above are more rigorous for this type of loan than they would be for a conforming mortgage, if you have a competitive risk profile, you can qualify for excellent interest rates. It comes as a surprise to quite a few homebuyers who apply for jumbo loans that mortgage rates for these types of loans are not always higher than they are for conforming loans.

What about down payments? While higher on average, these too do not always exceed those of conforming loans. So applying successfully for a jumbo loan may be easier than you think, and the mortgage you qualify for could end up being more affordable than you imagined.

What Our Clients Are Saying

Amy VanValkenburg
Amy VanValkenburg
21:04 26 Oct 19
My husband and I were referred to Preston Riggs from FSB to handle our complicated loan application. Our move was very stressful as we were moving from Georgia to Kentucky and we had to stay in a hotel for three weeks while our home and our loan were being completed. Preston and his team were so amazing to work with. He was in constant contact with us throughout the entire process...even on the weekends! When our loan underwriters were slow and unresponsive, Preston knew just how much pressure to apply to them to get the loan moved through without upsetting them and causing increased delays. Preston has a great understanding of how the mortgage loan process works along with incredible communication skills; a very hard combination to find. I would highly recommend FSB and Preston Riggs to handle any and all of your mortgage and banking needs.
Jenny Parks
Jenny Parks
20:24 17 Jul 19
Highly recommend!! Entire staff is professional, knowledgeable, and responsive. Excellent customer service - they even brought loan documents to my office to sign so I didn’t have to leave work. Thanks for such a smooth transaction from start to finish!
crash tester
crash tester
01:14 16 Jul 19
The team at FSB made our home buying experience a total stress free experience. First Savings Bank came highly recommend but we were shocked at how fast and efficient the process was. I am recommend First Saving Bank to everyone. From the interest rate to the closing table the team at First Savings is amazing.We cannot thank you guys enough.
Maggie Smith
Maggie Smith
17:12 15 Jul 19
FSB provides a productive and comfortable work environment fit for all walks of life. It's a lovely place to build experience and establish business connections. I thoroughly enjoy my fellow co-workers as well as those who visit from other branches. Proud to be a part of such an excellent team
Revision .
Revision .
14:22 11 Jul 19
I have never experienced such a wonderful place in my life. Made the usual atrocity of getting a mortgage as quick and painless as possible. Devilishly handsome working men and lovely and kind hearted women. I have never in my life wanted more then one household until I ventured forth to this magnificent environment. truly the greatest place on earth. Bring your whole family have them learn about how the harsh mortgage world can also be a fun and enjoyable place its like the Chick Fil A of mortgages an enjoyable experience you don't regret because its so freaking good!
Robert Sullivan
Robert Sullivan
20:10 10 Jul 19
Preston was very very helpful in our loan process. I think we communicated daily throughout the 2 month process. He never said “no” or “sorry, that can’t be done”. I am thankful for his professionalism and personal concern for my situation!! He made us feel like we were their only business at the time.
Christen Buel
Christen Buel
13:56 10 Jul 19
First Savings Bank's mortgage loan officer, Preston Riggs, was amazing. He answered all my questions quickly and my purchase loan closed faster than any other loan I have every applied for. Thank you Preston and First Savings Bank!
Tom Regan
Tom Regan
12:46 10 Jul 19
Our loan officer Preston and the staff were excellent to deal with. Everything went smoothly and we closed with no issues. It was an easy and great experience. I would highly recommend First savings and Preston.
Benny Tincher
Benny Tincher
02:25 10 Jul 19
First Savings Bank Louisville did a great job in processing my home loan in Marco Island, FL. I enjoyed working with all of the people at FSBL. They were very professional and accomplished what they said they would do in a very timely manner.
Alby Rogers
Alby Rogers
00:19 10 Jul 19
Great experience, helped with everything I needed done! Will be returning for sure! Highly recommend!
Daniel Barnett
Daniel Barnett
00:00 10 Jul 19
Quick, easy refinance with no surprises and a great interest rate!
TJ Olson
TJ Olson
23:40 09 Jul 19
The folks at FSB were the shining light of our home buying experience. They were always quick to respond to all of our questions and requests, and were an advocate to our family when we ran into difficulty with the title company. They will be my first suggestion to anyone in the mind to buy a home. Thank you Weldon and Preston, you guys were a big help to us!
Next Reviews Write a review

Apply Now for a Jumbo Loan in Kentucky

Do not lose out on your chance to purchase your dream home in Kentucky with a competitive jumbo mortgage. Apply now by calling 502-238-9655. We look forward to getting you into your new home with a flexible and affordable loan.

FREE Mortgage Rate Quote!