Jumbo Loans
A jumbo loan is any mortgage above the FHFA's 2026 conforming limit of $832,750 ($1,249,125 in designated high-cost counties). Because jumbo loans are not sold to Fannie Mae or Freddie Mac, lenders typically require credit scores of 680–720 or higher, down payments of 10–20%, and documented cash reserves.
Financing for high-value properties that exceed conventional loan limits. Competitive rates, flexible terms, and personalized underwriting for luxury homes and high-cost markets.
What Is a Jumbo Loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). For 2026, the conforming limit is $832,750 in most areas ($1,249,125 in designated high-cost counties). Any loan above that threshold is considered a jumbo loan and requires private investor or portfolio lender financing.
Because jumbo loans cannot be purchased by Fannie Mae or Freddie Mac, lenders apply stricter underwriting standards — typically requiring higher credit scores, larger down payments, and more substantial cash reserves. However, rates are often surprisingly competitive, especially for well-qualified borrowers.
The Mortgage Zone works with a curated network of jumbo lenders who specialize in high-value transactions, ensuring you receive personalized underwriting and competitive pricing regardless of loan size.
Jumbo Loan Benefits
- Finance properties above conforming loan limits
- Fixed and adjustable rate options available
- Primary residences, second homes, and investment properties
- Loan amounts from $766,551 to $5M+ (case by case)
- Interest-only options available with some lenders
- Competitive rates for highly qualified borrowers
Typical Loan Scenarios
- Luxury primary residence in a high-cost metro
- Second home or vacation property purchase
- High-value investment property acquisition
- Cash-out refinance on an appreciated property
- Bridge financing for high-net-worth clients
Jumbo Qualification Standards
Credit & Income
- Credit score typically 700–720 minimum
- 720+ for best available rates
- Full income documentation required
- Self-employed: 2 years tax returns
- DTI typically 43% or below
Down Payment & Reserves
- 10–20% down payment typical
- Some lenders offer 10% with strong profile
- 6–12 months PITI reserves common
- Reserves must be verified and seasoned
- Gift funds generally not accepted
Property & Appraisal
- Two appraisals often required on large loans
- Primary, second homes, and investment
- Condos subject to additional review
- Rural or unique properties reviewed case by case
- Title insurance required
Finance Your High-Value Property
Our jumbo lending specialists will match your scenario with the right lender and structure the best possible terms.
No credit pull required. NMLS #2697124
Ready to move forward? Get a free, no-obligation quote in under 2 minutes.