JUMBO LOANS
What is the purpose of your jumbo loan?
Financing for luxury and high-value homes
Frequently Asked Questions
A jumbo loan exceeds the conforming loan limit set by the FHFA — currently $806,500 in most areas (higher in designated high-cost counties). Because they can’t be purchased by Fannie Mae or Freddie Mac, jumbo loans typically require stronger credit, larger down payments, and more reserves.
Most jumbo lenders require a minimum 700 credit score, with the best rates available at 740+. Some lenders accept 680 with compensating factors (large down payment, significant reserves). Jumbo loans have stricter underwriting than conforming loans.
Typically 10–20% down, depending on the loan amount and property type. Some lenders offer 10% down jumbo programs with no PMI. Loans above $1.5–$2M generally require 20–25% down.
The 2026 conforming loan limit is $806,500 for most U.S. counties. In high-cost areas (parts of California, New York, Hawaii, etc.), limits can reach $1,209,750. Any loan exceeding your county’s limit requires jumbo financing.