Jumbo Loans for High-Value Homes
Finance homes above the applicable conforming loan limit with options for primary residences, second homes and investment properties.
What Is a Jumbo Loan?
A jumbo loan is a mortgage with an original loan amount above the conforming loan limit that applies to the property's location.
For 2026, the baseline one-unit conforming loan limit is $832,750 in most counties. Some designated high-cost areas have higher limits, so a loan is not considered jumbo until it exceeds the applicable county limit.
Jumbo financing may be used for primary residences, second homes, investment properties, high-rise condos and other higher-priced homes.
Jumbo Versus Conforming Loans
Jumbo loans are not purchased by Fannie Mae or Freddie Mac because they exceed the applicable conforming loan limit.
Depending on the program, jumbo financing may include:
Credit, reserves, debt-to-income limits, appraisal requirements and documentation can vary significantly between lenders.
- Fixed-rate and adjustable-rate options
- Primary residence, second-home and investment-property financing
- Down payment options that vary by loan amount and borrower qualifications
- Full-documentation and alternative-income programs
- Asset-depletion options for qualifying borrowers
- Financing for certain condos and specialty properties
Who May Benefit From a Jumbo Loan?
Jumbo financing may be appropriate for:
- Buyers purchasing higher-priced homes
- Borrowers in high-cost housing markets
- Buyers of luxury homes or second homes
- Self-employed borrowers with complex income
- High-net-worth borrowers using significant assets
- Investors purchasing higher-value properties
- Buyers who need a loan amount above the applicable county limit
Jumbo Loan Qualification
Jumbo loan requirements vary by lender and program. The review may include:
Because I work with multiple lenders, I can compare different jumbo guidelines rather than relying on one bank's requirements.
- Credit history and score
- Income and employment
- Monthly debts
- Down payment
- Cash reserves after closing
- Property type and occupancy
- Appraisal and property eligibility
- Additional documentation for self-employed borrowers
Ready to Discuss Jumbo Financing?
Compare jumbo options from multiple lenders based on your property, loan amount, income, assets, and financial profile.
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