Jumbo Loan Higher loan amount, same flat process.
Jumbo loans exceed conforming loan limits and offer maximum flexibility for larger home financing.
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (around $806,500 in most counties for 2026, higher in high-cost areas). Because it sits above Fannie Mae and Freddie Mac limits, it's underwritten to stricter standards — typically stronger credit, lower debt-to-income, and cash reserves — but rates for well-qualified borrowers are often competitive with conforming loans.
Financing for home purchases above the conforming loan limit.
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency — the size threshold that Fannie Mae and Freddie Mac will buy from lenders. As of 2026, that's $806,500 in most U.S. counties and higher in designated high-cost areas.
Above the conforming limit, lenders take on more risk and price accordingly. The trade-off is buying power that conventional financing can't match.
How jumbo differs from conforming
Underwriting is stricter. Expect to see higher down-payment requirements (often 10–20%), tighter credit minimums (typically 700+), and meaningful liquid reserves at closing. Rates are usually a small premium over conforming, though in certain market conditions jumbo rates can actually run lower.
When jumbo makes sense
- Buying in a high-cost market where most homes price above the conforming limit.
- Refinancing a high-balance mortgage and pulling cash out.
- Move-up purchases for buyers with strong income and savings.
- Investment property financing where the loan size exceeds Fannie/Freddie limits.
Program features
- Loan amounts above $806,500 (2026 standard limit, higher in high-cost counties).
- Both fixed-rate and ARM structures available.
- Down payments typically 10–20%, sometimes 5% with strong credit and reserves.
- Tighter underwriting on income, assets, and credit.
- Available for primary, second, and investment properties (terms vary).
Buying above the conforming limit? Reach out — jumbo pricing varies meaningfully across investors, and we shop multiple to land you the best terms.
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Jumbo Loan FAQs
What is a jumbo loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency. In most counties the 2026 conforming limit is around $806,500; high-cost counties have higher limits. Anything above is jumbo.
Are jumbo loan rates higher than conventional rates?
Not always. Jumbo rates are often competitive with — or slightly better than — conforming rates for well-qualified borrowers, especially on higher loan amounts.
What credit score do I need for a jumbo loan?
Most jumbo programs require a credit score of 700 or higher. Some products allow scores in the 680s with stronger reserves and a larger down payment.
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