Jumbo Loans · Calvert Waterfront · Charles County · Virginia · NMLS #2656628

Southern Maryland Jumbo Loans, 200+ Luxury Listings. One Local Lender.

Over 200 homes across Calvert, Charles, and St. Mary's counties are listed above Maryland's $806,500 conforming loan limit. Waterfront estates, luxury new construction, and high-value properties require a lender who knows Southern Maryland, not a national call center.

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200+ jumbo listings in Southern MarylandWaterfront estate specialistLocal knowledge10 to 20% down options

Ken Powell

Mortgage Loan Officer · Fairway Home Mortgage

NMLS #2656628 · Equal Housing Lender

What Is a Jumbo Loan?

Any Mortgage Above $806,500 in Most of Maryland Requires Jumbo Financing.

Jumbo loans exceed the limits set by Fannie Mae and Freddie Mac, requiring specialized underwriting. Southern Maryland's luxury waterfront market and high-value estates make jumbo financing a regular need.

You need a jumbo loan if...

✓Your purchase price results in a loan above $806,500
✓You're buying Chesapeake waterfront property in Calvert County
✓You're purchasing a luxury new construction home in Southern Maryland
✓You're buying a high-value estate in Charles or St. Mary's County
✓You're financing a second home or investment property above the limit
✓You're purchasing in DC suburbs (high-cost limit $1,209,750)

Jumbo vs. Conforming

2025 Maryland conforming limit

$806,500

DC metro high-cost limit

$1,209,750

Down payment typically 10 to 20%. Credit score 700+. Stronger documentation required.

Jumbo Programs Available

Not All Jumbo Loans Are the Same.

Fairway offers multiple jumbo programs to match your financial profile and property type. And these flexible programs are not jumbo-only: the non-QM options below, including bank statement, DSCR, Assets as Qualifying Income, P&L, and 1099, have minimum loan amounts starting around $100,000 to $150,000, so they are available well within the conforming range too.

Standard Jumbo

W-2 income, strong credit (720+), 10 to 20% down. Ideal for federal employees, executives, and high-income professionals in Southern Maryland.

Most common

Bank Statement Jumbo

Qualify using 12 to 24 months of bank deposits. No tax returns. Designed for self-employed business owners and entrepreneurs.

Self-employed

Assets as Qualifying Income

High-net-worth buyers with substantial liquid assets but lower documented income. Your assets are converted into qualifying income. How it works →

High net worth

Jumbo Second Home

Chesapeake waterfront retreats and vacation properties often exceed conforming limits. Second home financing available.

Waterfront

Jumbo Investment Property

High-value rental properties above conforming limits. Can pair with DSCR qualifying for investor clients.

Investors

VA Jumbo, $0 Down

Veterans with full VA entitlement can purchase above $806,500 with no down payment on the VA-guaranteed portion.

Veterans

Southern Maryland Jumbo Markets

200+ Luxury Listings Across Southern Maryland.

The Southern Maryland luxury market is driven by Chesapeake waterfront access, estate-size lots, and proximity to the DC employment corridor.

Calvert County Waterfront

Chesapeake Bay and Patuxent River frontage in Calvert County commands premium prices. Solomons Island, Chesapeake Beach, North Beach, and private waterfront estates frequently exceed conforming limits. Median home value: $492,100 (June 2026).

Charles County Estates

La Plata, Waldorf, and surrounding Charles County communities host growing luxury segments. New construction communities are pushing price points above conforming. Median home value: $449,910 (June 2026).

St. Mary's County

High-ranking military officers and senior DoD officials near NAS Patuxent River purchase luxury homes above conforming limits. St. Mary's County median home value: $445,020, with a growing luxury segment.

FAQ

Jumbo Loan Questions for Southern Maryland Buyers.

What credit score do I need for a jumbo loan?+

Most jumbo programs require 700 to 720+. Some non-QM jumbo programs allow down to 640 to 680 with a larger down payment or lower LTV.

How much do I need to put down on a jumbo in Maryland?+

Standard jumbo programs typically require 10 to 20%. Some programs allow as little as 5 to 10% for strong borrowers on primary residences. VA eligible veterans with full entitlement can purchase with $0 down.

Can I get a jumbo loan if I'm self-employed?+

Yes. Bank statement jumbo programs use 12 to 24 months of deposits to calculate qualifying income, with no tax returns required. 1099, P&L, and Assets as Qualifying Income programs are also available for self-employed borrowers.

Are there jumbo VA loans in Southern Maryland?+

Yes. Veterans with full VA entitlement can purchase above the conforming limit with no down payment. Given Southern Maryland's large military population near NAS Pax River, VA jumbo loans are regularly used in this market.

What are current jumbo interest rates?+

Jumbo rates fluctuate with the market and vary by credit score, LTV, property type, and loan amount. Contact Ken for a current rate quote based on your specific scenario.