The home costs more. Your loan should keep up.
Financing above the $832,550 conforming limit for luxury and high-cost markets. Up to $3 million with terms built for strong borrower profiles.
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NMLS #2620605
Equal Housing Lender
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Loan amount above conforming limit
Credit score 700 or higher
Is this loan right for you?
A jumbo loan is a mortgage that exceeds the conforming loan limit set each year by the Federal Housing Finance Agency. In most parts of the United States, that limit is $832,550 in 2026. Any loan above that amount is considered jumbo and cannot be purchased or guaranteed by Fannie Mae or Freddie Mac. Because lenders carry the full risk on jumbo loans, the qualification standards are stricter than conventional financing.
- Direct access to your officer
- Loan amount above conforming limit
- Credit score 700 or higher
- Reserves often six to twelve months
- Buying in a high-cost market
- Single loan, skip piggyback structure
- Primary, second home, or investment
Key benefits.
Works for primary residences, second homes, and select investment properties
Fixed and adjustable rate options available with terms from 10 to 30 years
Single loan structure avoids the complexity and cost of a piggyback loan
Competitive rates for strong borrower profiles
Cash-out refinance available to access equity on high-value properties
Tradeoffs to understand.
- Credit score requirements are stricter, most lenders require 700 or higher
- Down payment expectations are typically 10% to 20% depending on loan amount and borrower profile
- Significant cash reserves required, typically 6 to 12 months of mortgage payments held in liquid assets after closing
- Underwriting is more detailed and can take longer than conforming loans
- Two appraisals may be required depending on loan amount
- Cannot be purchased or guaranteed by Fannie Mae or Freddie Mac, lender carries the full risk
Compare your options.
| Feature | Jumbo | Conventional |
|---|---|---|
| Loan limit | Above $832,550 | Up to $832,550 in most areas |
| Credit score | 700+ typical | 620+ typical |
| Down payment | Typically 10-20% | As low as 3% |
| Reserves | 6-12 months typically | Varies |
| Underwriting | More detailed | Standard |
| Fannie/Freddie backed | No | Yes |
| Best for | Higher-priced home buyers | Standard purchase buyers |
Loan limit
- Jumbo
- Above $832,550
- Conventional
- Up to $832,550 in most areas
Credit score
- Jumbo
- 700+ typical
- Conventional
- 620+ typical
Down payment
- Jumbo
- Typically 10-20%
- Conventional
- As low as 3%
Reserves
- Jumbo
- 6-12 months typically
- Conventional
- Varies
Underwriting
- Jumbo
- More detailed
- Conventional
- Standard
Fannie/Freddie backed
- Jumbo
- No
- Conventional
- Yes
Best for
- Jumbo
- Higher-priced home buyers
- Conventional
- Standard purchase buyers
What happens next
If property values rise and your loan balance drops below conforming limits, refinancing into a conventional loan may lower your rate.
Cash-out refinance lets you access equity on high-value properties for renovations, investments, or other needs.
If you purchase a second property, portfolio financing options may be available through your loan officer.
Adjustable rate options can lower your initial payment if you plan to sell or refinance within a defined window.
Keep exploring
Explore related paths
All home loan options
Compare purchase programs and find the path that fits your situation.
Browse home loans →Loan type questions
Plain answers on how conventional, FHA, VA, and other programs compare.
Browse loan FAQ →Common questions, plain answers.
Any loan amount above the conforming loan limit set by the FHFA, currently $832,550 in most areas and higher in designated high-cost markets, requires jumbo financing. The limit adjusts annually.
Questions about rates or payment?
High-value home? See your financing options in minutes.
No credit pull to get started. We compare your options and explain the tradeoffs.
5.0 Google Rating
Verified borrower feedback on Google
NMLS #2620605
Equal Housing Lender
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