Financing for higher-value homes that exceed conventional loan limits — with the personalized attention, competitive pricing, and efficient process that high-value transactions deserve.
A jumbo loan — also called a jumbo mortgage or non-conforming loan — is a mortgage with a loan amount that exceeds the conforming loan limits set annually by the Federal Housing Finance Agency (FHFA). For 2025, the conforming loan limit for a single-family property in most U.S. counties is $806,500. Any loan amount above that limit is considered a jumbo loan.
Because jumbo loans exceed Fannie Mae and Freddie Mac's purchase limits, they cannot be sold through the conventional secondary market. Instead, they are typically retained by the originating lender or sold in private channels. This means jumbo lenders set their own underwriting guidelines and take on more of the credit risk, which generally results in stricter qualification requirements than conforming conventional loans.
In high-cost housing markets — including parts of Washington, Florida, Texas, and Pennsylvania — jumbo loans are a routine financing tool for move-up buyers, luxury property purchases, and high-income professionals purchasing in desirable markets.
Finance properties well above conventional limits — with loan amounts available into the millions for well-qualified borrowers.
Jumbo loan rates are closely tied to Treasury yields and market conditions. Well-qualified borrowers can often secure rates comparable to conforming loans.
Fixed and adjustable rate options available across various terms, allowing you to structure your financing to match your financial strategy.
Jumbo transactions require experienced loan officers who understand the nuances of complex underwriting. You'll have a dedicated point of contact from start to close.
Jumbo loans are available for primary residences, second homes, and investment properties, offering more flexibility than FHA or VA programs.
Our streamlined process is designed to close efficiently — even on complex jumbo transactions. We work with a sense of urgency on every file.
Jumbo loans have stricter qualification requirements than conforming conventional loans. While specific guidelines vary by lender and program, typical jumbo requirements include:
| Requirement | Typical Jumbo Guideline | Notes |
|---|---|---|
| Credit Score | 700 – 720+ minimum | Best rates typically require 740+; some programs may allow 680+ |
| Down Payment | 10% – 20%+ | Varies by loan amount; higher LTV available for strong borrowers |
| Debt-to-Income Ratio | 43% – 45% max | Lower is better; compensating factors may allow higher DTI |
| Reserves | 6 – 12+ months PITI | Liquid or near-liquid assets; 401(k), IRA may be counted at 60–70% |
| Employment/Income | 2 years consistent | W-2, self-employed, and asset depletion income programs available |
| Appraisal | Two appraisals for very large loans | Typically required for loan amounts above $1.5M or $2M depending on program |
| Loan Amount | $806,501 and above | No published maximum; ability-to-repay standards apply |
Self-employed borrowers: Jumbo lenders have flexible income documentation options. Bank statement programs, asset depletion, and other alternative income documentation methods are available for borrowers who do not fit traditional W-2 income guidelines.
Talk to a loan officer who understands complex transactions and can structure financing to meet your goals.
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