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Jumbo Loans

Financing above conforming loan limits — ideal for higher-priced and high-cost-area properties.

High

Above conforming limits

700+

Typical credit score

10–20%+

Typical down payment

Reserves

Often required

Overview

What it is

A jumbo loan exceeds the limits set by the Federal Housing Finance Agency. While they are non-conforming, jumbo loans remain essential for purchasing higher-priced homes and typically require stronger credit and reserves.

For strong borrowers, jumbo pricing is often very competitive with conforming loans.

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Typical requirements

  • A strong credit score, generally 700 or higher
  • A larger down payment (often 10–20%+)
  • Significant cash reserves
  • Full documentation of income and assets

Potential benefits

  • Finance high-value properties in a single loan
  • Competitive rates for strong borrowers
  • Fixed and adjustable options
  • Available for primary, second, and investment homes
FAQ

Common questions

How much can I borrow?
Jumbo amounts can run well into the millions depending on your profile. We’ll review what you may qualify for.
Are jumbo rates higher?
Not necessarily — for strong borrowers, jumbo rates are often very competitive with conforming loans.
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