Here’s something you need to know if you’re looking to buy a home anytime soon: home prices are on the rise, and you’re going to need more money to invest or move house.

With bigger listing figures becoming a prevalent trend in America’s growing real estate market, even the smallest single-room properties are seeing increases in list prices. This, of course, means that you’ll need to shell out more for your goal or dream of either having a home or investment property just so you can match offers on what you’re looking at.

Once you consider the price increases, it’s clear that you’ll need to get a bigger mortgage to cover the costs of purchasing a property amid inflated rates. The good news about all of this is that rates for jumbo mortgages are still relatively low, meaning that now is an opportune time to apply for a larger loan that can increase your buying power!

Strategies for Better Chances

Although a bigger mortgage is much more accessible through the help of establishments like NetLending, obtaining approval for a plan with a larger cap can be quite challenging.

Compared to smaller-principal loans that bear fewer barriers to acceptance or clearance, larger-figure programs subject applicants to more scrutiny with higher standards and more requirements. Fortunately, you can ensure that you have the highest chances of bagging a much bigger mortgage loan by applying these key practices and tips: 

Tip #1: Pay Off Your Debts

When lenders look at your jumbo mortgage or bigger loan application, the first thing they’re going to gauge is your ability to pay it back—something that can be discredited with surmounting debts.

Before you send in your application form, you should start paying off installment loans, credit cards, and other dues that are currently on your list of payables. By settling your dues right away, you’ll be able to reduce your debt-to-income (DTI) ratio to a figure less than 36 percent, which is something that lenders prioritize when screening applicants.

Tip #2: Show as Much Income as Possible

Another proven trick that has been shown to increase an applicant’s chances of landing or being approved for a bigger mortgage is showing as much income as possible.

Although doing so doesn’t necessarily mean that you need to get a higher-paying job or snag a raise, proving that you have various streams of income will make your application look better in the eyes of an underwriter. Apart from your current wages or salary, here are other sources of reliable income that you can use to qualify for a bigger-figure mortgage loan with ease: 

  • Alimony or child support
  • Interest or dividends from investments
  • Money earned from a part-time job or side business
  • Income from rental properties
  • Retainer fees from freelance work

Tip #3: Increase Your Credit Score

Generally, the idea of raising a credit score for a mortgage loan is associated with fetching more favorable interest rates on repayments. But what most buyers don’t know is that it also increases an allowable lending cap. With the help of a higher credit score (think 700 and above), you can easily qualify for a higher mortgage amount from the get-go. 

Tip #4: Work Closely with a Broker or Agent

If you want to increase your chances of approval with a jumbo loan application, one of the most impactful things you can do is work closely with your lender’s brokers or agents. By working closely with NetLending’s professionals, for instance, you can configure what exactly you can do to best meet set standards for jumbo loans! 


With home and property listing prices increasing beyond expectations, it’s critical for any kind of homebuyer to make the necessary adjustments in their buying power with a bigger mortgage. Through the help of the four tips mentioned above, you can help ensure that you’ll increase your chances of approval to the furthest extent possible! 

Are you looking for a bigger home mortgage in Santa Ana, CA, to help you finance your new home? We’ve got you covered. Get in touch with us today to learn more about our offers!