Loan program
Jumbo
Financing above conforming loan limits for higher-value homes.
Overview
What it is
A jumbo loan is simply a mortgage larger than the conforming limit set for that county and year. Those limits are published by the FHFA and vary. We do not freeze a dollar amount on this page because it would go stale.
Jumbo underwriting often asks for stronger credit, more reserves, and a clearer asset picture than a conforming conventional loan. That is because the loan is not eligible for standard Fannie Mae / Freddie Mac purchase in the usual way.
Jumbo is a loan size, not a lifestyle. It is used in high-cost markets and for larger properties, including some primary homes that simply cost more than the conforming cap.
Who it may be good for
- Buyers whose loan amount will exceed the current conforming limit for the property’s county.
- Homeowners refinancing when the new loan would also sit above conforming limits.
- Some second-home purchases in high-cost areas. Guidelines are stricter than primary occupancy.
How it works
- 01
Your officer confirms the current conforming limit for the property and whether the file is jumbo, high-balance conforming, or still conforming.
- 02
Expect a fuller documentation package: assets, reserves, and sometimes more detailed income.
- 03
Appraisal, title, and closing still follow standard consumer disclosures. The difference is investor guidelines, not a different legal process.
Potential advantages
- Lets you finance a home that does not fit conforming loan limits.
- Can still be structured as a fixed-rate or ARM depending on the investor and your timeline.
Things to consider
- Down payment and reserve requirements are often higher than conforming conventional.
- Pricing is file-specific. Do not treat a conforming example rate as a jumbo quote.
- If a high-balance conforming option exists for the county, it may be a better fit than true jumbo. Ask.
Loan size, not luxury
Jumbo is a limit, not a lifestyle. The file still has to make sense.
Common questions
Questions about Jumbo loans
It is the amount above the conforming limit for that county and year. Limits are published by FHFA and change. Your loan officer will use the current figure for the property address rather than a website guess.
Ready when you are
The house is the point.
Whether you’re buying your first home, moving into your next one, refinancing, or exploring your options, we’re here to help you figure out the next step.