Super Jumbo loans typically offer much higher loan amounts than traditional mortgages. While the maximum loan amount for a traditional mortgage is generally around $510,400, super jumbo non-QM loans can be for much higher amounts, often reaching into the millions of dollars. This makes them a good option for borrowers who are looking to finance a high-value property, such as a luxury home or a large commercial building.

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One of the potential drawbacks of super jumbo non-QM loans is that they often come with higher interest rates than traditional mortgages. This is because these loans are considered to be riskier by lenders, due to the lack of strict underwriting guidelines. However, for borrowers who are able to qualify for a super jumbo non-QM loan, the higher loan amounts and more flexible qualification standards can make them a good option.

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Overall, super jumbo non-QM loans are a viable financing option for borrowers who are looking to purchase or refinance a high-value property, and who may not qualify for a traditional mortgage. While these loans may come with higher interest rates, they can provide access to the financing that is needed to purchase or refinance a high-value property.