Home Loans
Jumbo Loans
Premium financing for luxury homes and properties that exceed standard conforming loan limits.
Overview
What Is a Jumbo Loan?
Jumbo loans are designed for properties that surpass the conforming loan limits set by Fannie Mae and Freddie Mac. In most U.S. counties, that limit is $806,500 for a single-family home in 2025, though certain high-cost areas allow up to $1,209,750. Because jumbo loans cannot be purchased by the GSEs, lenders hold them on their own books, which means more stringent qualification standards but also greater flexibility in structuring your financing.
Key Benefits
Why Choose This Program?
- ✓ Loan amounts well above $806,500
- ✓ No private mortgage insurance (PMI)
- ✓ Competitive fixed and adjustable rates
- ✓ Available for primary, secondary, and investment homes
- ✓ Flexible terms up to 30 years
- ✓ Cash-out refinancing available
Requirements
What You’ll Need
- ✓ Minimum credit score: 680
- ✓ Down payment typically 10-20%
- ✓ Debt-to-income ratio below 43%
- ✓ Strong cash reserves (6-12 months)
- ✓ Property appraisal required
- ✓ Verifiable income and employment
Who Should Choose This Loan?
Is a Jumbo Loan Right for You?
- ✓ Buyers purchasing luxury or high-value homes
- ✓ Borrowers in high cost real estate markets
- ✓ Homeowners upgrading to premium properties
- ✓ Buyers with strong credit and substantial assets
Frequently Asked Questions
Jumbo Loan FAQ
What is the conforming loan limit for 2025?
The baseline limit is $806,500 for most areas, with high cost areas reaching up to $1,209,750. Any loan above these amounts is considered jumbo.
Can I get a jumbo loan with less than 20% down?
Yes, some lenders offer jumbo loans with as little as 10% down for well qualified borrowers, though a higher down payment typically results in better rates.
Are jumbo loan rates higher than conforming rates?
Not necessarily. In many market conditions, jumbo rates are competitive with or even lower than conforming rates, since lenders compete for high value borrowers.
Can I use a jumbo loan for a second home?
Yes, jumbo loans are available for primary residences, second homes, and investment properties, subject to qualification.
Not sure if this is the right program for you? Compare all loan programs
Ready for a Jumbo Loan?
Get a personalized rate quote and see how much you qualify for.