A jumbo loan is typically only an option if you have good or excellent credit. In most cases, lenders won’t approve you unless you have a credit score in the high 600s, 700s, and 800s. If you go with a jumbo loan, you’ll likely also need a larger down payment between 20% and 30%. In addition, most lenders who offer jumbo loans require a debt-to-income ratio of no more than 36%. Lastly, you’ll need to prove that you have a regular and predictable income through W2s, 1099s, and other tax documents.