Jumbo Mortgages for Grosse Pointe homes.
Specialized financing for homes above $832,750, structured around your full financial picture by a CFP who lives in the Pointes.
Most Pointes buyers in the Farms and Shores need a jumbo loan. Most jumbo lenders treat it like a form to fill out.
I'm David Rakecky, CFP®. When you're borrowing seven figures, the question isn't whether you qualify. It's whether the loan fits. As a broker, I shop multiple wholesale jumbo lenders to get you a competitive rate. As a CFP, I run the payment against your retirement trajectory, your cash flow, and your tax position before I ever issue a pre-approval letter. Both sides of the math, same conversation.
Why get a jumbo through a broker.
Jumbo loans are not one-size-fits-all. Every wholesale lender sets its own underwriting box, rate structure, and reserve requirements for loans above the conforming limit. One might require 20% down at par pricing. Another accepts 10% from the same borrower at a slightly higher rate. A third prices jumbos below their conventional rates to attract high-value business.
As a broker, I shop your file across multiple wholesale jumbo lenders and show you the side-by-side comparison. No black box. You see every option and pick the one that fits. On a $1M loan, a quarter-point rate difference is $50,000+ over 30 years. That math matters.
And because I'm a CFP, the loan gets structured around your whole financial picture. How does this payment affect your 401(k) contributions? Can you still fund the Roth conversion you were planning? Does the reserve requirement pull from accounts that would create a tax event? These are the questions that determine whether the house is a win or a future problem.
The Move-Up Blueprint™
What working with me on a jumbo loan actually looks like.
The Move-Up Blueprint Meeting
A 60-minute CFP-led financial intake before any pre-approval letter. We look at income, taxes, retirement, cash reserves, and family plans. You walk out knowing exactly what jumbo loan size fits your life.
The Multi-Lender Rate Shop
I shop your file across my wholesale jumbo lender network and show you the comparison side by side. Rate, fees, reserve requirements, all visible. You pick.
The Underwriting Stress Test
Jumbo underwriting is tighter than conventional. Before I submit your file, I run it through a simulated underwriting review to catch issues in week one instead of week five. Especially critical for self-employed income, RSUs, K-1s, and recently-acquired assets.
The Friday Check-In
A text update every Friday until closing, with your realtor copied in. Between Fridays, I'm reachable by text or call whenever you or your realtor need me. Jumbo closings have more moving parts. I keep them visible.
The Homeowner's Wealth Plan
Within 30 days of closing, you receive a complete written financial plan: net worth snapshot, retirement trajectory with the new mortgage in place, gaps identified with dollar amounts, and a prioritized action plan. Yours to keep. No other broker offers this.
Jumbo mortgage services.
Specialized support for buyers and homeowners financing high-value Pointes properties.
Jumbo Purchase Loans
Purchase financing for homes above the $832,750 conforming limit. Fixed-rate and adjustable-rate options from multiple wholesale lenders, rates and terms compared side by side.
Learn more →Luxury Home Consultation
A full review of your jumbo financing options, including loan structuring, rate comparison, and positioning your offer competitively in a tight Pointes market.
Learn more →Lakefront Property Mortgage
Financing waterfront homes along Lake St. Clair and Lakeshore Drive. Unique appraisal challenges, flood zone considerations, and elevated insurance costs require specialized expertise. I place them regularly.
Learn more →Jumbo loan requirements.
Benchmarks vary by lender. These are the typical thresholds I shop against.
Credit Score
Most jumbo lenders require 700+, with best pricing at 740 and above. I review your credit profile upfront and identify specific improvements that could drop your rate before you apply.
Down Payment
Typically 10 to 20% for a primary residence. Some lenders accept 10% for well-qualified borrowers. Second homes and investment properties usually require 20 to 30%.
Cash Reserves
Lenders want 6 to 12 months of mortgage payments in liquid reserves after closing. Retirement accounts, brokerage accounts, and other liquid assets typically count.
Debt-to-Income Ratio
Most jumbo lenders cap DTI at 43%. Some go to 45% with strong compensating factors like high credit, meaningful assets, or a larger down payment.
Income Documentation
Two years of tax returns, W-2s or 1099s, recent pay stubs, and bank statements. Self-employed, RSU, or K-1 income requires more. I'll tell you exactly what to gather.
Appraisal
Jumbo loans require a full appraisal, and some lenders require two on higher-value loans. The Pointes housing stock can create appraisal complexity. I know which lenders handle it best.
Common questions.
What is a jumbo mortgage?
What are the requirements for a jumbo loan?
Are jumbo rates higher than conventional?
Can I get a jumbo loan with less than 20% down?
How does a jumbo mortgage affect my retirement planning?
What happens after closing?
Do I need a jumbo loan to buy in Grosse Pointe?
Financing a high-value Pointes home?
Start with a 15-minute intro call. We'll talk through your timeline, your goals, and whether Tetra is the right fit. No documents, no credit pull, no pressure.
Or call 313-380-4740