Loan program
Jumbo Loans
Jumbo loans are mortgages that exceed the conforming loan limits set each year by the Federal Housing Finance Agency. Because they aren't eligible for purchase by Fannie Mae or Freddie Mac, jumbo loans typically carry their own underwriting guidelines, often with more emphasis on reserves, credit profile, and documentation.
Good fit for
- Buyers purchasing above the conforming loan limit for their county
- Higher-value primary residences, second homes, and investment properties
- Borrowers with strong credit and documented reserves
Key features
- Finances above conforming limits
- Conforming loan limits vary by county and are set annually — a loan officer can confirm the current limit for your target property's location.
- Often requires larger reserves
- Jumbo underwriting commonly looks for larger cash reserves after closing compared to a conforming loan.
- Flexible property use
- Jumbo financing is available for primary residences, second homes, and in some cases investment properties.
- Fixed and adjustable structures available
- Jumbo loans are offered in a range of fixed-rate and adjustable-rate structures, similar to conforming loans.
Common questions
What counts as a jumbo loan?
Any loan amount above the conforming loan limit for the property's county — these limits change annually and vary by location.
Do jumbo loans require a bigger down payment?
Often yes, though requirements vary by lender and borrower profile — a loan officer can review the specifics for your scenario.
Talk through jumbo loans with a licensed loan officer
Get a straight answer on whether this program fits your situation. A consultation is free and carries no obligation.
Educational overview only. Nothing on this page is a rate quote, an eligibility determination, or a commitment to lend. See Licensing & Disclosures for current licensing. Equal Housing Opportunity.