Purchase · Jumbo Loans
Jumbo Loans: Financing Above Conventional Limits
When your loan amount exceeds conventional limits, a jumbo loan gives you the financing you need — with competitive rates and flexible terms for qualified borrowers.
Overview
What Is a Jumbo Loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. Because these loans aren't backed by government-sponsored entities, they typically require stronger credit, higher reserves, and a larger down payment — but they make it possible to finance higher-value homes that conventional loans can't cover.
Higher Loan Amounts
Finance above conventional limits, which vary by county.
Competitive Rates
Jumbo rates are often comparable to conventional loans for well-qualified borrowers.
Flexible Down Payment Options
Down payment requirements vary based on credit profile and loan scenario.
Primary, Second Homes & Investment Properties
Jumbo financing available across multiple property types.
Eligibility
Is a Jumbo Loan Right For You?
Jumbo loans carry stronger requirements than conventional financing. Here's some of what we look at:
Borrower requirements
- Strong Credit Profile Higher credit standards apply compared to conventional loans
- Sufficient Cash Reserves Lenders typically require reserves beyond the down payment and closing costs
- Lower Debt-to-Income Ratio Jumbo loans often require tighter DTI than conventional financing
- Income & Asset Documentation Full documentation of income and assets is required
Property requirements
- Loan Amount Above County Limits Loan size must exceed the conforming limit for that county
- Primary, Second Home, or Investment Property Multiple occupancy types eligible
- Property Appraisal Required An appraisal confirms the home supports the loan amount
- Single Family, Condo, or Multi-Family Property type eligibility varies by scenario
Loan Details
The Numbers at a Glance
Jumbo loan requirements vary significantly based on your credit profile, loan amount, and property type. A loan officer can walk you through exactly what you'd qualify for and how a jumbo loan compares to other financing options for your specific situation.
FAQ
Common Questions
What Makes a Loan "Jumbo"?
Any loan amount that exceeds the conforming loan limit set for your county is considered jumbo.
Do Jumbo Loans Require 20% Down?
Not always — down payment requirements vary by lender, credit profile, and loan scenario. Some borrowers qualify with less.
Can I Use a Jumbo Loan for an Investment Property?
Yes, jumbo financing is available for primary residences, second homes, and investment properties depending on the scenario.
Get Started
See if a Jumbo Loan Fits Your Goals
Tell us a little about yourself and a loan officer will reach out — usually the same day.