Loan Options
Jumbo Loans
“Financing for higher-priced homes.”
A jumbo loan is a mortgage for an amount above the conforming loan limits set each year for conventional loans. Jumbo financing is used for higher-priced properties that exceed those limits.
Who it may be a good fit for
- Buyers of higher-value homes above the annual conforming loan limit
- Borrowers with strong credit, stable income, and cash reserves
- Move-up buyers and buyers in higher-cost markets
Key things to know
- Credit, income, and reserve requirements are typically stricter than conforming loans
- Down payment expectations may be higher
- Conforming limits change each year, so whether a loan is 'jumbo' can change
What you'll typically need
- Detailed income documentation and tax returns
- Bank, asset, and reserve statements
- Photo ID and information on your debts
Curious what the monthly payment might look like? Try my free mortgage calculator.
Last reviewed: July 2026. This page is general education, not a loan approval or commitment to lend; program details vary by lender and can change. Learn more from Consumer Financial Protection Bureau.
Good to Know
Jumbo Loans FAQs
What makes a loan a jumbo loan?
It's a loan amount above the conforming limit set each year. Because that limit changes annually and varies by area, the threshold can move over time.
Are jumbo loans harder to qualify for?
They often have stricter credit, income, and reserve requirements. As a broker, I can compare multiple lenders' jumbo guidelines to find the best fit.
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