Not every borrower fits the box a conforming loan draws around them. A surgeon three months out of residency, a family buying at the top of their market, a specialist relocating for a hospital role, these are the files Theresa Rolen spends her days on. Below are the two programs people ask her about most, plus the other categories she originates.
What actually makes a loan "jumbo"
Jumbo loans are used in certain cases to allow homeowners to exceed the conforming loan limit and borrow more funds for a higher-valued home. The word trips people up, so it's worth saying plainly: jumbo has nothing to do with the size of the house. The term is specifically related to the amount of the loan.
These mortgages carry higher risk to the lender than other conforming or government-backed loans, so lenders typically charge higher rates for jumbo or non-conforming loans than they do for conforming mortgages. However, that is dependent on the current market and other factors, which is exactly why it's worth a conversation rather than a guess. Jumbo loans can have fixed or adjustable rates, and the right structure depends on how long you plan to hold the home.
Huntress Tip: Before you fall for a listing above the conforming limit, let's look at your numbers together. Sometimes a different loan structure keeps you under the line entirely. Sometimes jumbo is the smarter move. You'd rather know before you write an offer than after.
The physician and medical professional loan program
This is a new program, and it's a big opportunity, especially if you work near hospitals or medical centers. It's designed around earning potential, not just years of employment history, which is the wall most residents and new attendings run into with conventional underwriting.
Highlights of the program:
- Up to 100% financing
- Loan amounts up to $2 million
- No mortgage insurance
- More favorable student loan treatment in many cases
- Contract-to-close flexibility for residents and fellows
Eligibility covers licensed Medical Doctors and Osteopathic Physicians, including specialists such as ophthalmologists and psychiatrists, as well as Dentists, Pharmacists, Veterinarians, Podiatrists, and Certified Registered Nurse Anesthetists. Medical residents, fellows and interns with qualifying degrees are also included.
Let me do the hunting for you.
Loan programs Theresa works in
Jumbo and physician loans are two doors in a much larger house. Theresa originates a full range of mortgage solutions and will point you toward the one that fits, not the one that's easiest to close.
- FHA loans, a government-backed option that many first-time buyers use to get into a home with a smaller down payment.
- VA loans, for eligible service members, veterans and surviving spouses, including her free VA homebuyer seminars.
- USDA loans, government-backed financing built for qualifying rural and suburban properties.
- Conventional loans, the standard conforming route, often the best fit when your credit and down payment are in good shape.
- Refinancing and cash-out, restructuring the loan you already have, or tapping equity you've built for a specific purpose.
- HELOC, bridge and adjustable-rate mortgages, shorter-term and flexible tools for buyers who are moving between homes or planning around a timeline.
There are also down payment assistance programs and credit-building strategies she walks clients through when the purchase is a year or two out rather than next month. Ask The Huntress, she'd rather help you prepare early than tell you no later.
Talk it through with Theresa
Theresa Rolen, known as The Huntress Home Loan Pro, is a mortgage loan officer and advisor servicing Kansas, Missouri, Nebraska, Arkansas, Tennessee, Texas and Washington. She built her practice on professional expertise with personal care, clients stay with her because she explains the whole process rather than handing them a checklist.
She wants to know your needs exactly so she can find the right solution. Tell her what you're trying to do and she'll do her best to help. Call (913) 705-0049or start your pre-qualification online and she'll follow up from there.
Office: 4967 NE Goodview Cir STE B, Lee's Summit, MO 64064.
Theresa Rolen NMLS #2249004. Brokerage: Copeland Mortgage Co. DBA Summit Lending NMLS #1850081. Equal Housing Opportunity.