The Best Jumbo Mortgages in the St. Louis area?

Well, You will be the judge of that...of course!

What are you wanting of your jumbo mortgage?
  • Low Down Payment?
  • Non Traditional Income
  • Bank Statement Program
  • No Ratio Program
  • Asset Depletion Program
  • Adjustable Rate Mortgage  
  • Fixed Rate Options?
  • Great Low Interest Rates?
  • Lower Credit Scores



The BEST Jumbo Mortgage Lender in the ENTIRE St. Louis, St. Charles, Springfield, Branson, Lake of the Ozarks, and Kansas City area is my goal! If I can help you, then I am one step closer to my goal, and I really want to reach that goal! A motivated Loan Officer is a great opportunity for you!


Jumbo Mortgage is a mortgage loan in an amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.

In the St. Louis area and all over the State of Missouri the conventional maximum loan limit is set at $453,100 starting in 2018, so any loan over the conventional loan limit cannot be bought by FannieMae or FreddieMac. Any mortgage loan with a principal balance of over $453,100 for the most part will be considered a Jumbo mortgage.


If having the lowest interest rate for YOUR Jumbo mortgages is what you are looking for then this may be an easy option for me and Bob Rutledge to become the BEST Jumbo Mortgage Lender in St. Louis and St. Charles MO?

A small .250% difference of interest rate on a principal balance of $800,000 equates to a annual savings of $2000, and over a short 5 year period this is a savings of $10,000! As anyone knows, your money in your pocket is a great option. What if your interest rate was .500% lower, or .750% lower, or more?

Are you looking for the lowest interest rate? I am not always the lowest 30 year fixed rate mortgage for Jumbo Mortgages, but before you shut the door let me give you my interest rates on an adjustable rate mortgages. I can provide an ARM that has very long fixed rate terms that have an interest rate well below any Jumbo 30 year fixed rate mortgage. I have a 15 year ARM that has a fixed rate for the first 15 years that is well below any 30 year fixed rate mortgage.....are you going to be in your house longer than 15 years?  YOU SHOULD HEAR MY INTEREST RATE ON MY JUMBO 5/1 ADUJUSTABLE RATE MORTGAGES!


Jumbo borrowers are more in need of wider more understanding underwriting standards than government loan and/or conventional loan borrowers. Some lenders have loosened their Jumbo underwriting guidelines to better serve what is still an under served mortgage borrower. Though lenders still pay attention to risk it is easier with Bob Rutledge to get a Jumbo Mortgage today.

I have the ability to provide a mortgage to a Jumbo borrower who cannot prove income through the old traditional methods!

There still is no Stated Income loan programs available to Jumbo borrowers. I do have mortgages that allows for bank statement income verification, I you are making the income but not showing it to Uncle Sam but can show it in you deposits or bank statements then I can help.

We also have the ability to use your assets as income without you having to withdraw those assets. No Ratio is available too! There is no stated income at this time, but we are very close.


The majority of all jumbo mortgage borrowers are aware that the savings both short term and long term of an Adjustable Rate Mortgage over a Fixed Rate Mortgage is HUGE! But, the security of a 30 year fixed rate mortgage is hard to turn down even though rarely do we live in our home for the duration of a 30 year mortgage.

How long do you think you will live in your home? 5 years, 7 years, 10 years, 15 years, I have adjustable rate mortgages that will stay fixed for those terms AND provide you a lower interest rate than a 30 year fixed rate mortgage. 15 year ARM! BELOW A 30 YEAR FIXED RATE MORTGAGE! SECURITY AND SAVINGS!


Most lenders will require a minimum down payment of 20% or more on their Jumbo mortgage programs but if you are in need of a smaller down payment we have options for you. How about 5% down payment on Jumbo mortgages, in some instances this is an option.

If you are wanting to utilize a down payment less than 20% I can help you, with or WITHOUT mortgage insurance required. Fixed
rate or ARM! Having your money in your pocket is an option that has helped many borrowers.


Jumbo mortgages with less rules or at the least rules that make more sense to meet your needs, situation, and circumstances. There are times that the loans we take through our portfolio programs really surprise me!  Again, we can't do Stated Income (not yet) but we can come pretty close, if it can make sense it may very well be possible.


Are you a veteran of the United States Armed Forces? If so, thank you for your service. Are you eligible for the VA mortgage program, have your DD214 and Certificate of Eligibility? Then it may be possible that you can purchase a new home and use your VA mortgage eligibility that exceeds the 'normal' loan limits of the VA mortgage. Yes, there are VA Jumbo Mortgages!

You can use the VA home loan benefit to buy a "jumbo" property but it takes a little calculation first. Keep in mind that the VA will guarantee up to 25 percent of the $453,100 limit. In this example with a $500,000 home, you are required to bring in 25 percent of the amount over and above $453,100. The difference is $46,900 and 25 percent of $46,900 is $11,725.

This represents a down payment of 2.30 percent from the borrower, way below what a conventional loan would require. Jumbo conventional loans ask for at least 10 percent down and require private mortgage insurance to be added, significantly increasing the monthly payment as well as cash from the veteran. 


We aren't back to the old days but I doubt we will ever see those days return. I am doing more and more Jumbo loans today because the lenders I work with are opening up their lending guideline to allow more borrowers in. To discuss all that is now available would be too plentiful and contribute already to a too long page. I suggest you contact me, email or call, or ask your question below, tell me as much as you can of what you need and/or want, I will provide you a rate quote plus what is available to you. Below is a list of some highlights of what many new Jumbo borrowers are finding at Bob Rutledge :
  • New Loans up to a $3,000,000.00
  • Loan to Value ratio of 90% on purchases and refinances, single loan (rate and term only)
  • No Mortgage Insurance
  • Adjustable Rate Mortgages: 1/1, 3/1, 5/1, 7/1 and 10/1 options
  • Fixed Rate Mortgages: 10 year, 15 year, 20 year, and 30 year options
  • Interest Only options
  • CASH OUT options up to a 90% Loan to Value
  • Credit Scores as low as 620
  • Second Homes and Condo eligible options
  • Maximum 57% total debt to income ratios
  • Self Employed are welcomed
  • Cash out, much higher than the norm 
  • Single appraisal options

Bob Rutledge lends in 48 States, at this time, and through out the entire State of Missouri. I have yet to find a mortgage lender that can offer what we do in the St. Louis area! Is this just big talk? Well, we are a BIG Lender, Bob Rutledge will provide you more options and the lowest interest rates than any Jumbo Lender.

If you are looking to purchase a new home or want to refinance your Jumbo Mortgage, here in St. Louis or anywhere in Missouri you need to look into what we can provide. We don't just lend in St. Louis. St. Charles, Ladue, Clayton, Town and Country, Chesterfield, Frontenac but also in Kansas City, Springfield, Columbia, Sikeston, Branson, Jefferson City, Cape Girardeau, Washington. If you have a Jumbo mortgage need and you are in the State of Missouri I want to hear from you.

Call me at 314-913-9678, email me at or fill out the form below and I will contact you. If you have the question I am certain we have the answer.

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